v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill, by segment
Goodwill consisted of the following:
As of June 30,As of December 31,
(in thousands)202620252025
North America$130,863 $134,289 $130,961 
Europe414,553 425,098 426,283 
Asia/Pacific1,313 1,246 1,277 
Total$546,729 $560,633 $558,521 
Schedule of amortizable intangible assets
Amortizable intangible assets were as follows:
(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 exchange1,290 — 1,290 
Balance as of June 30, 2025
54,762 (9,662)45,100 
Disposals(3,684)— (3,684)
Reclassification95 — 95 
Amortization— (2,227)(2,227)
Foreign exchange4,282 — 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 exchange200 — 200 
Balance as of June 30, 2025
22,659 (21,638)1,021 
Acquisitions1,875 — 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 exchange176 — 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 exchange1,400 — 1,400 
Balance as of June 30, 2025
41,967 (21,165)20,802 
Amortization— (1,518)(1,518)
Reclassification1,688 (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 exchange28,390 — 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 
Schedule of net intangible assets, by segment
Definite-lived and indefinite-lived intangible assets, net, by segment were as follows:
As of June 30, 2026
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$117,890 $(49,349)$68,541 
Europe395,664 (102,225)293,439 
Asia/Pacific5,187 (1,202)3,985 
Total$518,741 $(152,776)$365,965 
 
As of June 30, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$116,550 $(42,218)$74,332 
Europe403,820 (82,057)321,763 
Asia/Pacific4,079 (813)3,266 
   Total$524,449 $(125,088)$399,361 
 
As of December 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
North America$117,890 $(45,807)$72,083 
Europe404,674 (92,192)312,482 
Asia/Pacific4,152 (988)3,164 
Total$526,716 $(138,987)$387,729 
Schedule of estimated future amortization of intangible assets
At June 30, 2026, the estimated future amortization of definite-lived intangible assets was as follows: 
(in thousands)
Remaining six months of 2026$13,760 
202725,330 
202825,188 
202924,295 
203023,170 
203122,358 
Thereafter118,740 
$252,841 
Changes in the carrying amount of goodwill and intangible assets
The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2026, were as follows: 
(in thousands)GoodwillIntangible 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