Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the nine months ended September 30, 2025 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2024 $ 428,263 
Acquisitions 13,342 
Measurement period adjustments (12,900)
Balance as of September 30, 2025 $ 428,705 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Cost
Accumulated Amortization
Net Intangible Assets
September 30, 2025
Customer-related
 $ 295,350  $ (93,501) $ 201,849 
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 September 30, 2025, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year ending
 Amount
Remainder of 2025 $ 6,687 
2026 26,749 
2027 25,002 
2028 24,169 
2029 24,106 
2030 23,666 
Thereafter 71,470 
Total $ 201,849