Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Value of Intangible Assets

The carrying values of intangible assets were as follows:

 

	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In thousands)						(In thousands)
Goodwill	$	907,331	$	—	$	907,331	$	862,253	$	—	$	862,253
Definite-lived intangible assets subject to amortization:
Developed technology	$	300,240	$	(219,210)	$	81,030	$	273,524	$	(190,808)	$	82,716
Customer relationships	296,616		(145,739)		150,877		253,275		(129,730)		123,545
Trademarks	43,862		(35,089)		8,773		40,951		(30,077)		10,874
Backlog	14,847		(13,483)		1,364		13,554		(11,192)		2,362
In-service research and development	5,000		(5,000)		—		5,507		(5,342)		165
Non-compete agreements	810		(710)		100		780		(612)		168
Total intangible assets subject to amortization	$	661,375	$	(419,231)	$	242,144	$	587,591	$	(367,761)	$	219,830
Indefinite-lived intangible assets not subject to amortization:
Trademarks	$	27,000	$	—	$	27,000	$	27,000	$	—	$	27,000
Total intangible assets not subject to amortization	$	27,000	$	—	$	27,000	$	27,000	$	—	$	27,000
Intangible assets	$	688,375	$	(419,231)	$	269,144	$	614,591	$	(367,761)	$	246,830

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill assigned to reporting units in our reportable segments are as follows:

 

	Enterprise Solutions		Industrial Automation Solutions		Consolidated
	(In thousands)
Balance at December 31, 2021	$	473,241	$	348,207	$	821,448
Acquisitions	6,528		44,068		50,596
Translation impact	(1,935)		(7,856)		(9,791)
Balance at December 31, 2022	$	477,834	$	384,419	$	862,253
Acquisitions	32,243		5,816		38,059
Translation impact	1,447		5,572		7,019
Balance at December 31, 2023	$	511,524	$	395,807	$	907,331