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Goodwill And Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Rollforward

Goodwill allocated to the Company’s reportable operating segments follows:

 

(in thousands)

 

Americas

 

 

Asia

 

 

Total

 

Goodwill as of December 31, 2023 and 2022

 

$

154,014

 

 

$

38,102

 

 

$

192,116

 

Schedule of Acquired Identifiable Intangible Assets and Capitalized Purchased Software Costs

A summary of the Company's acquired identifiable intangible assets and capitalized purchased software costs follows:

 

(in thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer relationships

 

$

100,105

 

 

$

(71,947

)

 

$

28,158

 

Capitalized purchased software costs

 

 

45,062

 

 

 

(30,463

)

 

 

14,599

 

Technology licenses

 

 

15,500

 

 

 

(15,500

)

 

 

 

Trade names and trademarks

 

 

7,800

 

 

 

 

 

 

7,800

 

Other

 

 

869

 

 

 

(404

)

 

 

465

 

Total intangible assets as of December 31, 2023

 

$

169,336

 

 

$

(118,314

)

 

$

51,022

 

 

(in thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer relationships

 

$

100,072

 

 

$

(65,958

)

 

$

34,114

 

Capitalized 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

 

Total intangible assets as of December 31, 2022

 

$

176,723

 

 

$

(118,537

)

 

$

58,186

 

Schedule of Amortization Expense

A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

 

2021

 

Amortization of intangible assets

 

$

5,979

 

 

$

6,384

 

 

$

6,384

 

Amortization of capitalized purchased software costs

 

 

4,564

 

 

 

4,113

 

 

 

2,128

 

Amortization of debt costs

 

 

499

 

 

 

416

 

 

 

637

 

Total amortization expense

 

$

11,042

 

 

$

10,913

 

 

$

9,149

 

Schedule of Future Amortization Expense

A summary of the future amortization expense related to the Company's intangible assets held as of December 31, 2023 for each of the next five years follows (in thousands):

 

Year ending December 31,

 

Amortization
Expense

 

2024

 

$

4,817

 

2025

 

 

4,817

 

2026

 

 

4,817

 

2027

 

 

4,817

 

2028

 

 

4,817