v3.25.2
Acquisitions and Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Summary of Acquisition Accounting
The following table summarizes the preliminary acquisition accounting for the Gringo acquisition noted above (in thousands):
Trade and other receivables$9,168 
Prepaid expenses and other current assets4,284 
Other long term assets847 
Goodwill122,362 
Intangibles34,537 
Accounts payable(1,200)
Other current liabilities(5,036)
Other noncurrent liabilities(12,048)
Total consideration paid$152,914 
The following table summarizes the acquisition accounting for the 2024 business acquisitions noted above (in thousands):
Trade and other receivables$22,898 
Prepaid expenses and other current assets72,394 
Other long term assets40,909 
Goodwill712,394 
Intangibles584,102 
Accounts payable(55,504)
Other current liabilities(463,627)
Other noncurrent liabilities(94,873)
Total fair value of net assets acquired818,693 
Less: Noncontrolling interest(29,437)
Total consideration paid
$789,256 
Summary of Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives
The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
Useful Lives (in Years)Value
Trade names and trademarks - indefinite lived
N/A
$13,457 
Proprietary technology
5
13,627 
Customer and vendor relationships
2 to 20
7,453 
$34,537 
The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
Useful Lives (in Years)Value
Trade names and trademarks - indefinite lived
N/A
$13,938 
Trade names and trademarks - other
2 to 5
12,200 
Proprietary technology
4 to 5
23,485 
Customer and vendor relationships
2 to 20
534,479 
$584,102