Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and December 31, 2024	$	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	$	100,084	$	(77,917	)	$	22,167
Capitalized purchased software costs		45,604		(32,797	)		12,807
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(434	)		434
Total intangible assets as of March 31, 2025	$	169,856	$	(126,648	)	$	43,208

(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	100,041	$	(76,675	)	$	23,366
Capitalized purchased software costs		44,316		(31,525	)		12,791
Technology licenses		15,500		(15,500	)		—
Trade names and trademarks		7,800		—			7,800
Other		868		(428	)		440
Total intangible assets as of December 31, 2024	$	168,525	$	(124,128	)	$	44,397

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)	2025		2024
Amortization of intangible assets	$	1,204	$	1,204
Amortization of capitalized purchased software costs		1,272		1,207
Amortization of debt costs		130		129
Total amortization expense	$	2,606	$	2,540

Schedule of Future Amortization Expense

A summary of the future amortization expense related to the Company’s intangible assets held as of March 31, 2025 for each of the next five years follows (in thousands):

Year ending December 31,	Amortization Expense
Remaining nine months of 2025	$	3,613
2026		4,817
2027		4,817
2028		4,817
2029		4,218
2030		24