| Schedule of Changes in Goodwill |
The following table summarizes changes in goodwill during the six months ended June 30, 2024 (in thousands):
|
|
|
|
|
|
| Balance at December 31, 2023 |
$ |
1,070,310
|
|
| Additions |
47,654 |
|
|
|
| Adjustments due to currency translation and other |
(1,749) |
|
| Balance at June 30, 2024 |
$ |
1,116,215
|
|
|
| Schedule of Components of Indefinite-lived and Amortizable Intangible Assets |
The following table sets forth the components of indefinite-lived and amortizable intangible assets as of June 30, 2024 and December 31, 2023 (in thousands):
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
June 30, 2024 |
|
December 31, 2023 |
|
|
|
Gross |
|
Accumulated
Amortization |
|
Carrying
Value |
|
Gross |
|
Accumulated
Amortization |
|
Carrying
Value |
|
Useful Life
in Years |
| Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer contracts |
$ |
660,242 |
|
|
$ |
(274,031) |
|
|
$ |
386,211 |
|
|
$ |
625,920 |
|
|
$ |
(239,768) |
|
|
$ |
386,152 |
|
|
3-20 |
| Trademarks and tradenames |
22,527 |
|
|
(10,924) |
|
|
11,603 |
|
|
21,566 |
|
|
(9,933) |
|
|
11,633 |
|
|
7-20 |
| Other intangible assets |
26,050 |
|
|
(19,843) |
|
|
6,207 |
|
|
24,766 |
|
|
(18,779) |
|
|
5,987 |
|
|
3-20 |
| Total amortizable intangible assets |
$ |
708,819 |
|
|
$ |
(304,798) |
|
|
$ |
404,021 |
|
|
$ |
672,252 |
|
|
$ |
(268,480) |
|
|
403,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Indefinite-lived intangible assets |
|
|
|
|
141,958 |
|
|
|
|
|
|
141,962 |
|
|
|
| Total customer contracts and other intangible assets |
|
|
|
|
$ |
545,979 |
|
|
|
|
|
|
$ |
545,734 |
|
|
|
|
| Schedule of Estimated Amortization Expense |
Estimated amortization expense for the existing carrying amount of amortizable intangible assets for each of the five succeeding fiscal years as of June 30, 2024 are as follows:
|
|
|
|
|
|
| (in thousands) |
|
| 2024 (excluding the six months ended June 30, 2024) |
$ |
42,771 |
|
| 2025 |
74,333 |
|
| 2026 |
70,233 |
|
| 2027 |
66,367 |
|
| 2028 |
64,356 |
|
|