Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The following table represents changes in the carrying amount of goodwill:

	December 31, 2021		Additions (1)	Measurement Period Adjustments (1)	Foreign currency exchange rate fluctuations	September 30, 2022
	(In thousands)
Goodwill	$	738,900	2,549	(4,041)	(6,114)	$	731,294

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(1)     Refer to Note 2, Business Combinations, for further information.

Carrying Amounts and Useful Lives of Intangible Assets

The carrying amounts and useful lives of intangible assets as of September 30, 2022 and December 31, 2021 were as follows:

	September 30, 2022
	Gross carrying amount (1)		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	311,089	$	(94,108)	$	(1,880)	$	215,101	4 - 30
Acquired technology	92,066		(61,471)		—		30,595		4 - 20
Backlog	1,800		(675)		—		1,125		2
Trade names	9,200		(6,371)		—		2,829		5 - 12
Patents	2,430		(1,276)		—		1,154		2 - 20
Non-compete agreements	600		(400)		—		200		3
Total intangibles assets, net	$	417,185	$	(164,301)	$	(1,880)	$	251,004

 

	December 31, 2021
	Gross carrying amount (1)		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	309,989	$	(78,093)	$	(933)	$	230,963	10 - 30
Acquired technology	95,466		(55,859)		6		39,613		4 - 20
Backlog	1,800		—		—		1,800		2
Trade names	9,200		(5,600)		14		3,614		5 - 12
Patents	2,462		(1,186)		—		1,276		2 - 20
Non-compete agreements	600		(250)		—		350		3
Total intangibles assets, net	$	419,517	$	(140,988)	$	(913)	$	277,616

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(1)     The differences in gross carrying amounts between periods are primarily due to the write-off of certain fully amortized intangible assets, partially offset by additions of intangible assets in connection with the Hub and Spoke Innovations acquisition.

Estimated Future Amortization Expense for Intangible Assets

The estimated future amortization expenses for amortizable intangible assets were as follows:

	September 30, 2022
	(In thousands)
Remaining three months of 2022	$	8,463
2023	31,463
2024	23,015
2025	20,970
2026	18,027
Thereafter	149,066
Total	$	251,004