v3.25.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the Company’s goodwill balance for the three months ended March 31, 2025 are summarized in the table below (in thousands):
Balance at December 31, 2024$260,976 
Divestitures of businesses(2,938)
Foreign currency translation adjustment2,020 
Balance at March 31, 2025$260,058 
Schedule of Intangible Assets, Net The following is a summary of the Company’s intangible assets, net (in thousands):
Estimated Useful
Life (Years)
Gross
Carrying Amount
Accumulated
Amortization
Net Carrying
Amount
March 31, 2025:(unaudited)
Customer relationships
1-10
$273,682 $192,933 $80,749 
Trade name
1.5-10
8,083 7,299 784 
Developed technology
4-9
72,492 62,937 9,555 
Favorable Leases6.3258 134 124 
Total intangible assets$354,515 $263,303 $91,212 
Estimated Useful
Life (Years)
Gross
Carrying Amount
Accumulated
Amortization
Net Carrying
Amount
December 31, 2024:
Customer relationships
1-10
$348,524 $239,563 $108,961 
Trade name
1.5-10
9,329 7,949 1,380 
Developed technology
4-9
85,558 72,132 13,426 
Favorable Leases6.3258 122 136 
Total intangible assets$443,669 $319,766 $123,903