GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| GOODWILL AND OTHER INTANGIBLE ASSETS |
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| Schedule of Goodwill by Reportable Segment |
| | | | | | | | | | | | | | | | | | | | | As of and for the three months ended | | | March 31, | (in thousands) | | 2025 | | 2024 | Roll Forward of Gross Goodwill | | CM | | SAM | | Consolidated(1) | | CM | | SAM | | Consolidated(1) | Beginning balance | | $ | 524,189 | | | 439,521 | | $ | 963,710 | | $ | 524,189 | | $ | 439,521 | | $ | 963,710 | Additions from acquisitions | | | — | | | — | | | — | | | — | | | — | | | — | Ending gross goodwill balance | | $ | 524,189 | | $ | 439,521 | | $ | 963,710 | | $ | 524,189 | | $ | 439,521 | | $ | 963,710 | | | | | | | | | | | | | | | | | | | | Roll Forward of Accumulated Goodwill Impairment | | | | | | | | | | | | | | | | | | | Beginning balance | | $ | 95,000 | | | — | | $ | 95,000 | | $ | 62,000 | | $ | — | | $ | 62,000 | Impairment | | | — | | | — | | | — | | | — | | | — | | | — | Ending accumulated goodwill impairment | | $ | 95,000 | | $ | — | | $ | 95,000 | | $ | 62,000 | | $ | — | | $ | 62,000 | | | | | | | | | | | | | | | | | | | | Goodwill | | $ | 429,189 | | $ | 439,521 | | $ | 868,710 | | $ | 462,189 | | $ | 439,521 | | $ | 901,710 |
(1)As of March 31, 2025 and 2024 and December 31, 2024 and 2023, no goodwill was allocated to the Corporate reportable segment.
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| Schedule of Other Intangible Assets |
| | | | | | | | | As and for the three months ended | | | March 31, | Roll Forward of Other Intangible Assets (in thousands) | | 2025 | | 2024 | Beginning balance | | $ | 156,893 | | $ | 181,975 | Amortization | | | (3,754) | | | (3,754) | Ending balance | | $ | 153,139 | | $ | 178,221 |
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| Summary of Components of Net Carrying Value of Other Intangible Assets |
| | | | | | | Components of Other Intangible Assets (in thousands) | | March 31, 2025 | | December 31, 2024 | Gross value | | $ | 208,782 | | $ | 210,616 | Accumulated amortization | | | (55,643) | | | (53,723) | Net carrying value | | $ | 153,139 | | $ | 156,893 |
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| Schedule of Expected Amortization of Other Intangible Assets |
| | | | | | | | | | (in thousands) | | Expected | Nine Months Ending December 31, | | Amortization | 2025 | | $ | 11,262 | Year Ending December 31, | | | | 2026 | | $ | 15,016 | 2027 | | | 15,016 | 2028 | | | 15,016 | 2029 | | | 14,952 | 2030 | | | 14,946 | Thereafter | | | 66,931 | Total | | $ | 153,139 |
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| Schedule of Contingent Consideration Liabilities |
| | | | | | | | | | As of and for the three months ended | | | | March 31, | | Roll Forward of Contingent Consideration Liabilities (in thousands) | | 2025 | | 2024 | | Beginning balance | | $ | 30,537 | | $ | 113,546 | | Accretion | | | 40 | | | 512 | | Payments | | | (1,500) | | | (13,819) | | Ending balance | | $ | 29,077 | | $ | 100,239 | |
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