Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the six months ended June 30, 2026 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2025 $ 641,242 
Acquisitions 1,171,626 
Measurement period adjustments (2,444)
Balance as of June 30, 2026 $ 1,810,424 
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
June 30, 2026:
Customer-related
 12.1 $ 1,057,373  $ (126,926) $ 930,447 
Distribution rights 15.1 24,932  (3,289) 21,643 
Total 12.1 $ 1,082,305  $ (130,215) $ 952,090 
December 31, 2025:
Customer-related
 12.2 $ 396,150  $ (100,188) $ 295,962 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2026, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year ending
 Amount
Remainder of 2026 $ 45,890 
2027 90,007 
2028 89,120 
2029 89,057 
2030 88,618 
2031 86,095 
Thereafter 463,303 
Total $ 952,090