Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

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

	(In thousands)
Balance as of December 31, 2023	$	735,810
Foreign currency exchange rate fluctuations	(459)
Balance as of June 30, 2024	$	735,351

Schedule of Carrying Amounts and Useful Lives of Intangible Assets

The carrying amounts and useful lives of intangible assets as of June 30, 2024 and December 31, 2023 were as follows:

	June 30, 2024
	Gross carrying amount (1)		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	307,418	$	(124,314)	$	(1,352)	$	181,752	4 - 30
Acquired technology	46,134		(30,380)		—		15,754		4 - 20
Trade names	9,200		(8,140)		—		1,060		5 - 12
Patents	2,322		(1,463)		—		859		2 - 20
Total intangible assets, net	$	365,074	$	(164,297)	$	(1,352)	$	199,425

 

	December 31, 2023
	Gross carrying amount (1)		Accumulated amortization		Foreign currency exchange rate fluctuations		Net carrying amount		Useful life (years)
	(In thousands, except for years)
Customer relationships	$	307,418	$	(115,232)	$	(1,326)	$	190,860	4 - 30
Acquired technology	84,876		(67,033)		—		17,843		4 - 20
Backlog	1,800		(1,800)		—		—		2
Trade names	9,200		(7,680)		—		1,520		5 - 12
Patents	2,404		(1,454)		—		950		2 - 20
Total intangible assets, net	$	405,698	$	(193,199)	$	(1,326)	$	211,173

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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.

Schedule of Estimated Future Amortization Expense for Intangible Assets

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

	June 30, 2024
	(In thousands)
Remaining six months of 2024	$	11,066
2025	21,063
2026	18,076
2027	16,225
2028	15,184
Thereafter	117,811
Total	$	199,425