Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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	1,249
Balance as of June 30, 2023	$	735,523

Carrying Amounts and Useful Lives of Intangible Assets

The carrying amounts and useful lives of intangible assets as of June 30, 2023 and December 31, 2022 were as follows:

	June 30, 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	$	(109,038)	$	(1,350)	$	200,701	4 - 30
Acquired technology	92,066		(69,641)		—		22,425		4 - 20
Backlog	1,800		(1,350)		—		450		2
Trade names	9,200		(7,156)		—		2,044		5 - 12
Patents	2,430		(1,393)		—		1,037		2 - 20
Non-compete agreements	600		(550)		—		50		3
Total intangibles assets, net	$	417,185	$	(189,128)	$	(1,350)	$	226,707

 

	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:

	June 30, 2023
	(In thousands)
Remaining six months of 2023	$	15,194
2024	23,086
2025	21,062
2026	18,077
2027	16,800
Thereafter	132,488
Total	$	226,707