Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the nine months ended September 30, 2026 were as follows (in thousands):
Carrying Amount
Balance as of December 31, 2025 $ 641,242 
Acquisitions 1,212,684 
Measurement period adjustments (417)
Balance as of September 30, 2026 $ 1,853,509 
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
September 30, 2026:
Customer-related
 12.1 $ 1,078,874  $ (149,596) $ 929,278 
Distribution rights 15.1 24,932  (3,714) 21,218 
Total 12.1 $ 1,103,806  $ (153,310) $ 950,496 
December 31, 2025:
Customer-related
 12.2 $ 396,150  $ (100,188) $ 295,962 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of September 30, 2026, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year ending
 Amount
Remainder of 2026 $ 23,393 
2027 91,799 
2028 90,912 
2029 90,849 
2030 90,409 
2031 87,887 
Thereafter 475,247 
Total $ 950,496