Quarterly report pursuant to Section 13 or 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.24.3
Acquisitions, Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
September 30, 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 $ 37,932  $ —  $ 37,932  $ 38,046  $ —  $ 38,046 
Intangible assets (1)
25,106  (16,216) 8,890  31,022  (17,885) 13,137 
$ 63,038  $ (16,216) $ 46,822  $ 69,068  $ (17,885) $ 51,183 
(1)Total weighted remaining average amortization period was 3.5 years and 3.8 years as of September 30, 2024 and December 31, 2023, respectively. Intangible assets principally include non-compete agreements 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):
Nine Months Ended September 30, 2024
Beginning balance $ 38,046 
Additions from acquisitions — 
Impact of foreign currency translation (114)
Ending balance $ 37,932 
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):
September 30, 2024
Remainder of 2024 $ 763 
2025 2,905 
2026 2,156 
2027 1,856 
2028 1,210 
Thereafter — 
$ 8,890