Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2024 $ 428,263 
Measurement period adjustments (4,687)
Balance as of March 31, 2025 $ 423,576 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Cost
Accumulated Amortization
Net Intangible Assets
March 31, 2025
Contract and customer-related $ 271,350  $ (80,327) $ 191,023 
December 31, 2024      
Contract and customer-related $ 271,350  $ (74,193) $ 197,157 
Trade names 8,500  (8,500) — 
Total $ 279,850  $ (82,693) $ 197,157 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of March 31, 2025, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year ending
 Amount
Remainder of 2025 $ 18,262 
2026 24,349 
2027 22,602 
2028 21,769 
2029 21,706 
2030 21,266 
Thereafter 61,069 
Total $ 191,023