| Goodwill and Other Intangible Assets |
4. Goodwill and Other Intangible Assets The following table summarizes the changes in the carrying amount of goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill, Gross |
|
|
Accumulated Impairment Losses |
|
|
Goodwill, Net |
|
As of December 31, 2024 |
|
$ |
399,605 |
|
|
$ |
(142,000 |
) |
|
$ |
257,605 |
|
Currency translation |
|
|
8,627 |
|
|
|
— |
|
|
|
8,627 |
|
As of June 30, 2025 |
|
$ |
408,232 |
|
|
$ |
(142,000 |
) |
|
$ |
266,232 |
|
The components of identifiable intangible assets subject to amortization were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Technology |
|
|
Trademarks
and Trade
Names |
|
|
Customer Relationships |
|
|
Other |
|
|
Total(1) |
|
As of December 31, 2024: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
$ |
126,478 |
|
|
$ |
34,117 |
|
|
$ |
137,770 |
|
|
$ |
4,032 |
|
|
$ |
302,397 |
|
Accumulated amortization |
|
|
(79,619 |
) |
|
|
(23,563 |
) |
|
|
(104,448 |
) |
|
|
(2,032 |
) |
|
|
(209,663 |
) |
Identifiable intangible assets, net |
|
$ |
46,859 |
|
|
$ |
10,553 |
|
|
$ |
33,322 |
|
|
$ |
2,000 |
|
|
$ |
92,734 |
|
As of June 30, 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross carrying amount |
|
$ |
126,478 |
|
|
$ |
35,549 |
|
|
$ |
146,449 |
|
|
$ |
4,242 |
|
|
$ |
312,718 |
|
Accumulated amortization |
|
|
(83,933 |
) |
|
|
(26,025 |
) |
|
|
(115,161 |
) |
|
|
(1,137 |
) |
|
|
(226,256 |
) |
Identifiable intangible assets, net |
|
$ |
42,545 |
|
|
$ |
9,524 |
|
|
$ |
31,288 |
|
|
$ |
3,105 |
|
|
$ |
86,462 |
|
(1) During the six months ended June 30, 2025, we wrote off all fully amortized intangible assets that are no longer in use. |