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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Intangible Assets
The carrying values of intangible assets were as follows:
 
 December 31, 2024December 31, 2023
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
 (In thousands)(In thousands)
Goodwill$1,018,677 $— $1,018,677 $907,331 $— $907,331 
Definite-lived intangible assets subject to amortization:
Developed technology$341,303 $(247,904)$93,399 $300,240 $(219,210)$81,030 
Customer relationships454,298 (164,279)290,019 296,616 (145,739)150,877 
Trademarks72,804 (41,733)31,071 43,862 (35,089)8,773 
Backlog14,170 (13,705)465 14,847 (13,483)1,364 
In-service research and development5,000 (5,000)— 5,000 (5,000)— 
Non-compete agreements5,265 (1,145)4,120 810 (710)100 
Total intangible assets subject to amortization$892,840 $(473,766)$419,074 $661,375 $(419,231)$242,144 
Indefinite-lived intangible assets not subject to amortization:
Trademarks$— $— $— $27,000 $— $27,000 
Total intangible assets not subject to amortization$— $— $— $27,000 $— $27,000 
Intangible assets$892,840 $(473,766)$419,074 $688,375 $(419,231)$269,144 
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:
 
Smart Infrastructure SolutionsAutomation SolutionsConsolidated
 (In thousands)
Balance at December 31, 2022$477,834 $384,419 $862,253 
Acquisitions32,243 5,816 38,059 
Translation impact
1,447 5,572 7,019 
Balance at December 31, 2023$511,524 $395,807 $907,331 
Acquisitions120,962 2,620 123,582 
    Translation impact(3,128)(9,108)(12,236)
Balance at December 31, 2024$629,358 $389,319 $1,018,677 
Schedule of Indefinite-Lived Intangible Assets
The changes in the carrying amount of indefinite-lived trademarks are as follows:
Smart Infrastructure SolutionsAutomation
 Solutions
Consolidated
 (In thousands)
Balance at December 31, 2022 and 2023$27,000 $— $27,000 
Reclassify to definite-lived(27,000)— (27,000)
Balance at December 31, 2024$— $— $—