Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

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

	(In thousands)
Balance as of December 31, 2022	$	734,274
Foreign currency exchange rate fluctuations	621
Balance as of March 31, 2023	$	734,895

Carrying Amounts and Useful Lives of Intangible Assets

The carrying amounts and useful lives of intangible assets as of March 31, 2023 and December 31, 2022 were as follows:

	March 31, 2023
	Gross carrying amount		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	311,089	$	(104,149)	$	(1,432)	$	205,508	4 - 30
Acquired technology	92,066		(67,033)		—		25,033		4 - 20
Backlog	1,800		(1,125)		—		675		2
Trade names	9,200		(6,895)		—		2,305		5 - 12
Patents	2,430		(1,362)		—		1,068		2 - 20
Non-compete agreements	600		(500)		—		100		3
Total intangibles assets, net	$	417,185	$	(181,064)	$	(1,432)	$	234,689

 

	December 31, 2022
	Gross carrying amount		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	311,089	$	(99,177)	$	(1,514)	$	210,398	4 - 30
Acquired technology	92,066		(64,299)		—		27,767		4 - 20
Backlog	1,800		(900)		—		900		2
Trade names	9,200		(6,633)		—		2,567		5 - 12
Patents	2,430		(1,306)		—		1,124		2 - 20
Non-compete agreements	600		(450)		—		150		3
Total intangibles assets, net	$	417,185	$	(172,765)	$	(1,514)	$	242,906

Estimated Future Amortization Expense for Intangible Assets

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

	March 31, 2023
	(In thousands)
Remaining nine months of 2023	$	23,238
2024	23,059
2025	21,043
2026	18,065
2027	16,796
Thereafter	132,488
Total	$	234,689