| Schedule of Indefinite-Lived Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | (in thousands) | Gross Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | | Gross Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | | Definite-lived intangible assets: | | | | | | | | | | | | | Contracts and related customer relationships | $ | 6,489,356 | | | $ | (3,732,974) | | | $ | 2,756,382 | | | $ | 6,158,349 | | | $ | (3,464,926) | | | $ | 2,693,423 | | | Dealer relationships | 1,518,020 | | | (736,869) | | | 781,151 | | | 1,518,020 | | | (697,324) | | | 820,696 | | | Other | 209,773 | | | (204,469) | | | 5,304 | | | 209,773 | | | (202,793) | | | 6,980 | | | Total definite-lived intangible assets | 8,217,149 | | | (4,674,312) | | | 3,542,837 | | | 7,886,142 | | | (4,365,043) | | | 3,521,099 | | | | | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade name | 1,333,000 | | | — | | | 1,333,000 | | | 1,333,000 | | | — | | | 1,333,000 | | | Intangible assets | $ | 9,550,149 | | | $ | (4,674,312) | | | $ | 4,875,837 | | | $ | 9,219,142 | | | $ | (4,365,043) | | | $ | 4,854,099 | |
|
| Schedule of Finite-Lived Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | (in thousands) | Gross Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | | Gross Carrying
Amount | | Accumulated
Amortization | | Net Carrying
Amount | | Definite-lived intangible assets: | | | | | | | | | | | | | Contracts and related customer relationships | $ | 6,489,356 | | | $ | (3,732,974) | | | $ | 2,756,382 | | | $ | 6,158,349 | | | $ | (3,464,926) | | | $ | 2,693,423 | | | Dealer relationships | 1,518,020 | | | (736,869) | | | 781,151 | | | 1,518,020 | | | (697,324) | | | 820,696 | | | Other | 209,773 | | | (204,469) | | | 5,304 | | | 209,773 | | | (202,793) | | | 6,980 | | | Total definite-lived intangible assets | 8,217,149 | | | (4,674,312) | | | 3,542,837 | | | 7,886,142 | | | (4,365,043) | | | 3,521,099 | | | | | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade name | 1,333,000 | | | — | | | 1,333,000 | | | 1,333,000 | | | — | | | 1,333,000 | | | Intangible assets | $ | 9,550,149 | | | $ | (4,674,312) | | | $ | 4,875,837 | | | $ | 9,219,142 | | | $ | (4,365,043) | | | $ | 4,854,099 | |
The change in the net carrying amount of contracts and related customer relationships during the period was as follows: | | | | | | | (in thousands) | | | Balance as of December 31, 2024 | $ | 2,693,423 | | | | Customer contract additions, net of dealer charge-backs(1) | 331,007 | | | Amortization | (268,048) | | | | | Balance as of June 30, 2025 | $ | 2,756,382 | |
________________(1) The weighted-average amortization period for customer contract additions was approximately 15 years.
|