
	As of June 30,				As of December 31,
(in thousands)	2026		2025		2025
North America	$	130,863	$	134,289	$	130,961
Europe	414,553		425,098		426,283
Asia/Pacific	1,313		1,246		1,277
Total	$	546,729	$	560,633	$	558,521


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents
Balance as of December 31, 2024	$	53,472	$	(8,322)	$	45,150
Amortization	—		(1,340)		(1,340)
Foreign exchange	1,290		—		1,290
Balance as of June 30, 2025	54,762		(9,662)		45,100

Disposals	(3,684)		—		(3,684)
Reclassification	95		—		95
Amortization	—		(2,227)		(2,227)
Foreign exchange	4,282		—		4,282
Balance as of December 31, 2025	55,455		(11,889)		43,566

Amortization	—		(1,963)		(1,963)
Reclassifications	—		8		8
Foreign exchange	(254)		—		(254)
Balance as of June 30, 2026	$	55,201	$	(13,844)	$	41,357


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unpatented Technology
Balance as of December 31, 2024	$	22,459	$	(21,270)	$	1,189
Amortization	—		(368)		(368)
Foreign exchange	200		—		200
Balance as of June 30, 2025	22,659		(21,638)		1,021
Acquisitions	1,875		—		1,875
Amortization	—		(358)		(358)
Reclassification	(45)		45		—
Foreign exchange	(82)		—		(82)
Balance as of December 31, 2025	24,407		(21,951)		2,456

Amortization	—		(280)		(280)
Foreign exchange	176		—		176
Balance as of June 30, 2026	$	24,583	$	(22,231)	$	2,352


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-Compete Agreements, Trademarks and Other
Balance as of December 31, 2024	$	40,567	$	(18,717)	$	21,850

Amortization	—		(2,448)		(2,448)

Foreign exchange	1,400		—		1,400
Balance as of June 30, 2025	41,967		(21,165)		20,802

Amortization	—		(1,518)		(1,518)
Reclassification	1,688		(291)		1,397
Foreign exchange	(1,334)		—		(1,334)
Balance as of December 31, 2025	42,321		(22,974)		19,347

Amortization	—		(1,771)		(1,771)
Reclassifications	—		904		904
Foreign exchange	(204)		—		(204)
Balance as of June 30, 2026	$	42,117	$	(23,841)	$	18,276


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer Relationships
Balance as of December 31, 2024	$	264,985	$	(63,761)	$	201,224

Amortization	—		(9,242)		(9,242)

Foreign exchange	28,390		—		28,390
Balance as of June 30, 2025	293,375		(73,003)		220,372


Amortization	—		(9,160)		(9,160)
Reclassification	(951)		—		(951)
Foreign exchange	(3,303)		—		(3,303)
Balance as of December 31, 2025	289,121		(82,163)		206,958
Amortization	—		(9,774)		(9,774)
Reclassifications	—		(434)		(434)
Foreign exchange	(5,894)		—		(5,894)
Balance as of June 30, 2026	$	283,227	$	(92,371)	$	190,856


	As of June 30, 2026
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	117,890	$	(49,349)	$	68,541
Europe	395,664		(102,225)		293,439
Asia/Pacific	5,187		(1,202)		3,985
Total	$	518,741	$	(152,776)	$	365,965


	As of June 30, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	116,550	$	(42,218)	$	74,332
Europe	403,820		(82,057)		321,763
Asia/Pacific	4,079		(813)		3,266
Total	$	524,449	$	(125,088)	$	399,361


	As of December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
(in thousands)
North America	$	117,890	$	(45,807)	$	72,083
Europe	404,674		(92,192)		312,482
Asia/Pacific	4,152		(988)		3,164
Total	$	526,716	$	(138,987)	$	387,729

Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization of definite-lived intangible assets was $6.8 million and $6.7 million for the three months ended June 30, 2026 and 2025, respectively, and was $13.8 million and $13.4 million for the six months ended June 30, 2026 and 2025, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.9 years.

Indefinite-lived intangible assets are primarily trade names, which totaled $113.1 million, $112.1 million, and $115.4 million as of June 30, 2026 and 2025 and December 31, 2025, respectively.


(in thousands)

Remaining six months of 2026	$	13,760
2027	25,330
2028	25,188
2029	24,295
2030	23,170
2031	22,358
Thereafter	118,740
	$	252,841

The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2026, were as follows:


(in thousands)	Goodwill		Intangible Assets
Balance at December 31, 2025	$	558,521	$	387,729


Amortization	—		(13,788)
Foreign exchange and other	(11,792)		(7,976)

Balance at June 30, 2026	$	546,729	$	365,965