Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2025 $ 641,242 
Measurement period adjustments (2,353)
Balance as of March 31, 2026 $ 638,889 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Weighted-average
Useful Life
(in years)
Gross Carrying Value
Accumulated Amortization
Net Carrying Value
March 31, 2026
Customer-related
 12.2 $ 403,974  $ (108,919) $ 295,055 
Distribution rights
 15.1 26,600  (2,846) 23,754 
Total
 12.4 $ 430,574  $ (111,765) $ 318,809 
December 31, 2025      
Customer-related
 12.2 $ 396,150  $ (100,188) $ 295,962 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of March 31, 2026, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):

Year ending
 Amount
Remainder of 2026 $ 28,040 
2027 35,613 
2028 34,727 
2029 34,663 
2030 34,224 
2031 31,702 
Thereafter 119,840 
Total $ 318,809