Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the six months ended June 30, 2025 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2024 $ 428,263 
Acquisitions 13,342 
Measurement period adjustments (12,940)
Balance as of June 30, 2025 $ 428,665 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Cost
Accumulated Amortization
Net Intangible Assets
June 30, 2025
Customer-related
 $ 295,350  $ (86,814) $ 208,536 
December 31, 2024      
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 June 30, 2025, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year ending
 Amount
Remainder of 2025 $ 13,374 
2026 26,749 
2027 25,002 
2028 24,169 
2029 24,106 
2030 23,666 
Thereafter 71,470 
Total $ 208,536