| Schedule of Changes in Goodwill |
The following table summarizes changes in goodwill during the nine months ended September 30, 2025:
|
|
|
|
|
|
(in thousands) |
|
| Balance at December 31, 2024 |
$ |
1,161,085
|
|
| Additions |
193,291 |
|
|
|
| Measurement period adjustments |
(5,021) |
|
| Adjustments due to currency translation and other |
8,887 |
|
| Balance at September 30, 2025 |
$ |
1,358,242
|
|
|
| Schedule of Components of Indefinite-lived and Amortizable Intangible Assets |
The following table sets forth the components of indefinite-lived and amortizable intangible assets as of September 30, 2025 and December 31, 2024.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2025 |
|
December 31, 2024 |
|
|
(in thousands) |
Gross |
|
Accumulated
Amortization |
|
Carrying
Value |
|
Gross |
|
Accumulated
Amortization |
|
Carrying
Value |
|
Useful Life
in Years |
| Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer contracts |
$ |
736,075 |
|
|
$ |
(314,325) |
|
|
$ |
421,750 |
|
|
$ |
671,242 |
|
|
$ |
(288,150) |
|
|
$ |
383,092 |
|
|
3-20 |
| Trademarks and tradenames |
25,963 |
|
|
(15,379) |
|
|
10,584 |
|
|
24,559 |
|
|
(12,480) |
|
|
12,079 |
|
|
7-20 |
| Other intangible assets |
28,357 |
|
|
(19,529) |
|
|
8,828 |
|
|
26,507 |
|
|
(17,905) |
|
|
8,602 |
|
|
3-20 |
| Total amortizable intangible assets |
$ |
790,395 |
|
|
$ |
(349,233) |
|
|
$ |
441,162 |
|
|
$ |
722,308 |
|
|
$ |
(318,535) |
|
|
$ |
403,773 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Indefinite-lived intangible assets |
|
|
|
|
157,029 |
|
|
|
|
|
|
137,816 |
|
|
|
| Total intangible assets, excluding goodwill |
|
|
|
|
$ |
598,191 |
|
|
|
|
|
|
$ |
541,589 |
|
|
|
|
| Schedule of Estimated Amortization Expense |
Estimated amortization expense for the existing carrying amount of amortizable intangible assets for each of the five succeeding fiscal years as of September 30, 2025 are as follows:
|
|
|
|
|
|
| (in thousands) |
|
| 2025 (excluding the nine months ended September 30, 2025) |
$ |
22,955 |
|
| 2026 |
91,265 |
|
| 2027 |
87,149 |
|
| 2028 |
75,990 |
|
| 2029 |
62,041 |
|
|