Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, by segment

Goodwill consisted of the following:

	As of March 31,				As of December 31,
(in thousands)	2026		2025		2025
North America	$	130,917	$	134,155	$	130,961
Europe	416,060		392,273		426,283
Asia/Pacific	1,306		1,193		1,277
Total	$	548,283	$	527,621	$	558,521

Schedule of amortizable intangible assets

Amortizable intangible assets were as follows:

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents
Balance as of December 31, 2024	$	53,472	$	(8,322)	$	45,150
Amortization	—		(675)		(675)
Foreign exchange	285		—		285
Balance as of March 31, 2025	53,757		(8,997)		44,760
Disposals	(3,684)		—		(3,684)
Reclassification	95		—		95
Amortization	—		(2,892)		(2,892)
Foreign exchange	5,287		—		5,287
Balance as of December 31, 2025	55,455		(11,889)		43,566
Amortization	—		(954)		(954)
Foreign exchange	(198)		—		(198)
Balance as of March 31, 2026	$	55,257	$	(12,843)	$	42,414

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unpatented Technology
Balance as of December 31, 2024	$	22,459	$	(21,270)	$	1,189
Amortization	—		(171)		(171)
Foreign exchange	(490)		—		(490)
Balance as of March 31, 2025	21,969		(21,441)		528
Acquisitions	1,875		—		1,875
Amortization	—		(555)		(555)
Reclassification	(45)		45		—
Foreign exchange	608		—		608
Balance as of December 31, 2025	24,407		(21,951)		2,456
Amortization	—		(153)		(153)
Foreign exchange	173		—		173
Balance as of March 31, 2026	$	24,580	$	(22,104)	$	2,476

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-Compete Agreements, Trademarks and Other
Balance as of December 31, 2024	$	40,567	$	(18,717)	$	21,850
Amortization	—		(1,219)		(1,219)
Foreign exchange	1,036		—		1,036
Balance as of March 31, 2025	41,603		(19,936)		21,667
Amortization	—		(2,747)		(2,747)
Reclassification	1,688		(291)		1,397
Foreign exchange	(970)		—		(970)
Balance as of December 31, 2025	42,321		(22,974)		19,347
Acquisitions	—		903		903
Amortization	—		(909)		(909)
Foreign exchange	(243)		—		(243)
Balance as of March 31, 2026	$	42,078	$	(22,980)	$	19,098

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer Relationships
Balance as of December 31, 2024	$	264,985	$	(63,761)	$	201,224
Amortization	—		(4,346)		(4,346)
Foreign exchange	11,500		—		11,500
Balance as of March 31, 2025	276,485		(68,107)		208,378
Amortization	—		(14,056)		(14,056)
Reclassification	(951)		—		(951)
Foreign exchange	13,587		—		13,587
Balance as of December 31, 2025	289,121		(82,163)		206,958
Amortization	—		(5,023)		(5,023)
Reclassifications	—		(434)		(434)
Foreign exchange	(5,353)		—		(5,353)
Balance as of March 31, 2026	$	283,768	$	(87,620)	$	196,148

Schedule of net intangible assets, by segment

Definite-lived and indefinite-lived intangible assets, net, by segment were as follows:

	As of March 31, 2026
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	117,890	$	(47,595)	$	70,295
Europe	396,453		(97,331)		299,122
Asia/Pacific	5,151		(1,100)		4,051
Total	$	519,494	$	(146,026)	$	373,468

	As of March 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	116,930	$	(40,839)	$	76,091
Europe	378,951		(77,172)		301,779
Asia/Pacific	3,936		(727)		3,209
Total	$	499,817	$	(118,738)	$	381,079

	As of December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	117,890	$	(45,807)	$	72,083
Europe	404,674		(92,192)		312,482
Asia/Pacific	4,152		(988)		3,164
Total	$	526,716	$	(138,987)	$	387,729

Schedule of estimated future amortization of intangible assets

At March 31, 2026, the estimated future amortization of definite-lived intangible assets was as follows: 

(in thousands)
Remaining nine months of 2026	$	20,858
2027	25,676
2028	25,534
2029	24,638
2030	23,515
2031	22,696
Thereafter	117,219
	$	260,136

Changes in the carrying amount of goodwill and intangible assets

The changes in the carrying amount of goodwill and intangible assets for the three months ended March 31, 2026, were as follows: 

(in thousands)	Goodwill		Intangible Assets
Balance at December 31, 2025	$	558,521	$	387,729
Amortization	—		(7,039)
Foreign exchange and other	(10,238)		(7,222)
Balance at March 31, 2026	$	548,283	$	373,468