Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.24.1.u1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
March 31, 2024 December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 37,929  $ —  $ 37,929  $ 38,046  $ —  $ 38,046 
Intangible assets (1)
30,904  (18,792) 12,112  31,022  (17,885) 13,137 
$ 68,833  $ (18,792) $ 50,041  $ 69,068  $ (17,885) $ 51,183 
(1)
Total weighted remaining average amortization period was 3.6 years and 3.8 years as of March 31, 2024 and December 31, 2023, respectively. Intangible assets principally include non-competes and customer relationships.
Summary of Changes in Carrying Carrying Amount of Goodwill
The changes in the carrying amount of goodwill consisted of the following (in thousands):
Three Months Ended March 31, 2024
Beginning balance $ 38,046 
Additions from acquisitions — 
Impact of foreign currency translation (117)
Ending balance $ 37,929 
Schedule of Estimated Amortization Expense for Intangible Assets
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
March 31, 2024
Remainder of 2024 $ 3,017 
2025 3,873 
2026 2,156 
2027 1,856 
2028 1,210 
Thereafter — 
$ 12,112