Schedule of Change in Goodwill |
The following table summarizes the changes in the carrying amount of goodwill, for the periods presented (in thousands):
| | | | | | | | | | | | | | | For the Six Months Ended June 30, | | 2025 | | 2024 | | | Balance, beginning of period | $ | 1,137,320 | | | $ | 1,116,542 | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | 1 | | | (4) | | | | Balance, end of period | $ | 1,137,321 | | | $ | 1,116,538 | | | |
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Schedule of Intangible Assets, Net |
The following summarizes the estimated useful lives by asset classification: | | | | | | | | Customer relationships | 11 - 25 years | Technology | 5 years | Provider network contracts | 2 - 5 years |
Details of our intangible assets (in thousands, except weighted-average useful lives) are presented below:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Weighted- Average Remaining Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Value | | Weighted- Average Remaining Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Value | Corporate trade name | 0.0 | | $ | 51,965 | | | $ | 51,965 | | | $ | — | | | 0.0 | | $ | 51,965 | | | $ | 51,965 | | | $ | — | | Customer relationships | 13.0 | | 806,668 | | | 210,010 | | | 596,658 | | | 13.5 | | 806,668 | | | 186,377 | | | 620,291 | | Technology | 2.5 | | 169,715 | | | 126,551 | | | 43,164 | | | 3.0 | | 169,715 | | | 117,924 | | | 51,791 | | Below market lease, net | 0.0 | | 1,218 | | | 1,218 | | | — | | | 0.0 | | 1,218 | | | 1,218 | | | — | | Provider network contracts | 4.3 | | 31,097 | | | 19,750 | | | 11,347 | | | 4.8 | | 26,522 | | | 18,448 | | | 8,074 | | Total intangible assets, net | | | $ | 1,060,663 | | | $ | 409,494 | | | $ | 651,169 | | | | | $ | 1,056,088 | | | $ | 375,932 | | | $ | 680,156 | |
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Schedule of Future Estimated Amortization of Intangible Assets |
Future estimated amortization of intangible assets (in thousands) as of June 30, 2025, is as follows:
| | | | | | 2025 | $ | 33,564 | | 2026 | 66,878 | | 2027 | 64,137 | | 2028 | 52,177 | | 2029 | 49,764 | | Thereafter | 384,649 | | Total future amortization of intangible assets | $ | 651,169 | |
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