Goodwill and Intangible Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets | 4. GOODWILL AND INTANGIBLE ASSETS Goodwill. The changes in the carrying amount of goodwill for the six months ended June 30, 2025 were as follows (in thousands):
Other Intangible Assets. Our other intangible assets subject to ongoing amortization consist of acquired customer contracts and software. As of June 30, 2025 and December 31, 2024, the carrying values of these assets were as follows (in thousands):
The total amortization expense related to other intangible assets for the second quarters of 2025 and 2024 was $6.6 million and $6.3 million, respectively, and for the six months ended June 30, 2025 and 2024 were $13.3 million and $11.7 million, respectively. Based on the June 30, 2025 net carrying value of our intangible assets, the estimated total amortization expense for each of the five succeeding fiscal years ending December 31 will be: 2025 - $26.0 million; 2026 - $18.1 million; 2027 - $9.1 million; 2028 - $4.9 million; and 2029 - $3.6 million. Customer Contract Costs. As of June 30, 2025 and December 31, 2024, the carrying values of our customer contract cost assets, related to those contracts with a contractual term greater than one year, were as follows (in thousands):
The total amortization expense related to customer contract costs for the second quarters of 2025 and 2024 was $4.8 million and $5.7 million, respectively, and for the six months ended June 30, 2025 and 2024 was $9.4 million and $10.7 million, respectively. |
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