Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2026

Goodwill and Intangible Assets

Changes in carrying amount of goodwill

The change in the carrying amount of goodwill for the six-month period ended June 30, 2026 is detailed as follows (in thousands):

	Six Months Ended June 30, 2026
Goodwill balance at January 1	$	506,837
Effect of foreign exchange		(514)
Additions and adjustments as the result of acquisitions		36,377
Disposals as the result of divestitures		(2,928)
Goodwill balance at June 30	$	539,772

Other intangible assets

Other intangible assets at June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

	June 30, 2026
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	34,575	$	(15,428)	$	19,147
Distribution agreements		3,250		(3,106)		144
License agreements		14,616		(10,958)		3,658
Trademarks		53,946		(27,703)		26,243
Customer lists		63,010		(41,155)		21,855
Total	$	169,397	$	(98,350)	$	71,047

	December 31, 2025
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Patents	$	33,979	$	(14,760)	$	19,219
Distribution agreements		3,250		(3,069)		181
License agreements		14,590		(10,218)		4,372
Trademarks		52,556		(28,293)		24,263
Customer lists		63,775		(40,096)		23,679
Total	$	168,150	$	(96,436)	$	71,714

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, 2026 (in thousands):

Year ending December 31,	Estimated Amortization Expense
Remaining 2026	$	45,072
2027		88,683
2028		86,973
2029		77,270
2030		65,198