Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 7. Intangible Assets

Intangible assets consisted of the following as of:


			March 31, 2025
			Useful Life						Gross Carrying Value						Accumulated Amortization						Net Book Value
			(in thousands)

Customer relationships			5-20 years						$	511,381					$	337,701					$	173,680
Developed technology			5-12 years						93,856						78,553						15,303
Trade name			3-10 years						33,882						25,394						8,488
Non-compete agreements			5 years						1,937						1,931						6
Total									$	641,056					$	443,579					$	197,477


			December 31, 2024
			Useful Life						Gross Carrying Value						Accumulated Amortization						Net Book Value
			(in thousands)

Customer relationships			5-20 years						$	511,374					$	327,038					$	184,336
Developed technology			5-12 years						93,855						76,430						17,425
Trade name			3-10 years						33,881						24,477						9,404
Non-compete agreements			5 years						1,936						1,929						7
Total									$	641,046					$	429,874					$	211,172

Amortization expense was $13.7 million and $17.5 million for the three months ended March 31, 2025 and 2024, respectively.