Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 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	54
Balance as of September 30, 2023	$	734,328

Carrying Amounts and Useful Lives of Intangible Assets

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

	September 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	$	(113,844)	$	(1,482)	$	195,763	4 - 30
Acquired technology	84,876		(64,792)		—		20,084		4 - 20
Backlog	1,800		(1,575)		—		225		2
Trade names	9,200		(7,418)		—		1,782		5 - 12
Patents	2,430		(1,423)		—		1,007		2 - 20
Non-compete agreements	600		(600)		—		—		3
Total intangibles assets, net	$	409,995	$	(189,652)	$	(1,482)	$	218,861

 

	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:

	September 30, 2023
	(In thousands)
Remaining three months of 2023	$	7,483
2024	23,093
2025	21,056
2026	18,061
2027	16,754
Thereafter	132,414
Total	$	218,861