Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Other Intangible Assets (Tables)

v3.25.4
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill for the years ended December 31, 2025 and 2024 were as follows (in thousands):
  Total
Balance as of December 31, 2023 $ 288,591 
Goodwill acquired 140,804 
Measurement period adjustments (1,132)
Balance as of December 31, 2024 $ 428,263 
Goodwill acquired 229,760 
Measurement period adjustments (16,781)
Balance as of December 31, 2025 $ 641,242 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
  Cost Accumulated Amortization Net Intangible Assets
December 31, 2025
Customer-related
 $ 396,150  $ (100,188) $ 295,962 
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
The estimated future annual amortization expense related to intangible assets are as follows (in thousands):
Year Ending December 31,
2026 $ 34,924 
2027 33,177 
2028 32,344 
2029 32,281 
2030 31,841 
Thereafter 131,395 
   Total
 $ 295,962