Annual report pursuant to Section 13 and 15(d)

Acquisitions, Goodwill and Other Intangible Assets (Tables)

v3.24.0.1
Acquisitions, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net consisted of the following (in thousands):
December 31, 2023 December 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Goodwill and intangible assets:            
Goodwill $ 38,046  $ —  $ 38,046  $ 37,914  $ —  $ 37,914 
Intangible assets (1)
31,022  (17,885) 13,137  32,287  (14,505) 17,782 
$ 69,068  $ (17,885) $ 51,183  $ 70,201  $ (14,505) $ 55,696 
(1)
Weighted average remaining amortization period was 3.8 years and 4.5 years as of December 31, 2023 and 2022, 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):
Years Ended December 31,
2023 2022
Beginning balance $ 37,914  $ 34,071 
Additions from acquisitions —  4,030 
Impact of foreign currency translation 132  (187)
Ending balance $ 38,046  $ 37,914 
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):
Years Ended December 31,
2024 $ 4,035 
2025 3,880 
2026 2,156 
2027 1,856 
2028 1,210 
Thereafter — 
$ 13,137