Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and December 31, 2023	$	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	$	100,081	$	(73,121	)	$	26,960
Capitalized purchased software costs		46,097		(30,842	)		15,255
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(410	)		458
Total intangible assets as of March 31, 2024	$	170,346	$	(119,873	)	$	50,473

(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

Schedule Of Amortization Expense

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

	Three Months Ended March 31,
(in thousands)	2024		2023
Amortization of intangible assets	$	1,204	$	1,592
Amortization of capitalized purchased software costs		1,207		1,074
Amortization of debt costs		129		114
Total amortization expense	$	2,540	$	2,780

Schedule of Future Amortization Expense

A summary of the future amortization expense related to the Company’s intangible assets held as of March 31, 2024 for each of the next five years follows:

Year ending December 31,	Amortization Expense
Remaining nine months of 2024	$	3,613
2025		4,817
2026		4,817
2027		4,817
2028		4,817
2029		4,216