| Summary of Intangible Assets |
The following tables set forth information for intangible assets:
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March 31, 2026 |
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(amounts in thousands) |
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Weighted Average Useful Life |
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Gross Carrying Value |
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Accumulated Amortization |
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Accumulated Impairment Charges |
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Net Carrying Value |
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Finite-lived intangible assets: |
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Client relationships |
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14 years |
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$ |
2,256,291 |
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$ |
1,762,270 |
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$ |
— |
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$ |
494,021 |
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Trade names |
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10 years |
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88,600 |
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73,428 |
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— |
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15,172 |
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Total finite-lived intangible assets |
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2,344,891 |
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1,835,698 |
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— |
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509,193 |
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Indefinite-lived intangible assets: |
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Trade name |
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1,480,000 |
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— |
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1,037,600 |
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442,400 |
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Total other intangible assets |
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$ |
3,824,891 |
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$ |
1,835,698 |
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$ |
1,037,600 |
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$ |
951,593 |
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December 31, 2025 |
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(amounts in thousands) |
|
Weighted Average Useful Life |
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Gross Carrying Value |
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Accumulated Amortization |
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Accumulated Impairment Charges |
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Net Carrying Value |
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Finite-lived intangible assets: |
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Client relationships |
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14 years |
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$ |
2,256,367 |
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$ |
1,722,227 |
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$ |
— |
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$ |
534,140 |
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Trade names |
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10 years |
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88,600 |
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71,213 |
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— |
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17,387 |
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Total finite-lived intangible assets |
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2,344,967 |
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1,793,440 |
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— |
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|
551,527 |
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Indefinite-lived intangible assets: |
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Trade name |
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1,480,000 |
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— |
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1,037,600 |
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442,400 |
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Total other intangible assets |
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$ |
3,824,967 |
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$ |
1,793,440 |
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$ |
1,037,600 |
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$ |
993,927 |
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| Summary of Estimated Future Amortization Expenses of Finite Lived Intangible Assets |
As of March 31, 2026, estimated future amortization expense of the Company’s finite-lived intangible assets are as follows:
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(in thousands) |
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Remainder of 2026 |
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$ |
126,797 |
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2027 |
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167,500 |
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2028 |
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133,069 |
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2029 |
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76,636 |
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2030 |
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3,442 |
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Thereafter |
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1,749 |
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Total amortization expense |
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$ |
509,193 |
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