Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4—Goodwill and Other Intangible Assets

Goodwill allocated to the Company’s reportable segments were as follows:


(in thousands)	Americas		Asia		Total
Goodwill as of December 31, 2022, 2021 and 2020	$	154,014	$	38,102	$	192,116

Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable intangible assets and purchased software as of December 31, 2022 and 2021 were as follows:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,072	$	(65,958	)	$	34,114
Purchased software costs		52,483		(36,702	)		15,781
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(377	)		491
Intangible assets, December 31, 2022	$	176,723	$	(118,537	)	$	58,186


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,136	$	(59,680	)	$	40,456
Purchased software costs		49,788		(34,325	)		15,463
Technology licenses		26,800		(26,800	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(356	)		512
Intangible assets, December 31, 2021	$	185,392	$	(121,161	)	$	64,231

Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 14 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. During 2022, 2021

and 2020, $3.4 million, $3.4 million and $4.9 million, respectively, of purchased software costs were capitalized. Amortization on the statements of cash flow for 2022, 2021 and 2020 was as follows:


	Year Ended December 31,
(in thousands)	2022		2021		2020
Amortization of intangible assets	$	6,384	$	6,384	$	9,099
Amortization of capitalized purchased software costs		4,113		2,128		1,493
Amortization of debt costs		416		637		461
	$	10,913	$	9,149	$	11,053

The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):


Year ending December 31,	Amount
2023	$	5,979
2024	$	4,817
2025	$	4,817
2026	$	4,817
2027	$	4,817