Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in carrying amount of goodwill

The change in the carrying amount of goodwill for the six-month period ended June 30, 2024 is detailed as follows (in thousands):

	2024
Goodwill balance at January 1	$	382,240
Effect of foreign exchange		(807)
Goodwill balance at June 30	$	381,433

Other intangible assets

Other intangible assets at June 30, 2024 and December 31, 2023 consisted of the following (in thousands):

	June 30, 2024
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	30,163	$	(11,876)	$	18,287
Distribution agreements		3,250		(2,956)		294
License agreements		11,094		(8,759)		2,335
Trademarks		35,123		(22,343)		12,780
Customer lists		40,225		(34,694)		5,531
Total	$	119,855	$	(80,628)	$	39,227

	December 31, 2023
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	28,877	$	(10,916)	$	17,961
Distribution agreements		3,250		(2,919)		331
License agreements		11,142		(8,327)		2,815
Trademarks		35,135		(20,804)		14,331
Customer lists		40,367		(33,921)		6,446
Total	$	118,771	$	(76,887)	$	41,884

Estimated amortization expense

Estimated amortization expense for developed technology and other intangible assets for the next five years consisted of the following as of June 30, 2024 (in thousands):

	Estimated Amortization Expense
Remaining 2024	$	31,367
2025		60,826
2026		49,776
2027		46,440
2028		45,024