v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The following table summarizes changes in goodwill during the six months ended June 30, 2026:
(in thousands)
Balance at December 31, 2025$1,374,664 
Additions74,822 
Measurement period adjustments807 
Adjustments due to currency translation and other(911)
Balance at June 30, 2026$1,449,382 
The following table sets forth the components of indefinite-lived and amortizable intangible assets as of June 30, 2026 and December 31, 2025.
June 30, 2026December 31, 2025
(in thousands)
GrossAccumulated
Amortization		Carrying
Value		GrossAccumulated
Amortization		Carrying
Value		Useful Life
in Years
Amortizable intangible assets:
Customer contracts$780,500 $(359,116)$421,384 $741,568 $(334,052)$407,516 
3-20
Trademarks and tradenames27,083 (18,163)8,920 26,136 (16,388)9,748 
7-20
Other intangible assets28,165 (21,264)6,901 28,240 (20,151)8,089 
3-20
Total amortizable intangible assets$835,748 $(398,543)$437,205 $795,944 $(370,591)$425,353 
Indefinite-lived intangible assets164,327 157,031 
Total intangible assets, excluding goodwill$601,532 $582,384 
Amortization expense related to intangible assets was $24.9 million and $22.9 million for the three months ended June 30, 2026 and 2025, respectively. Amortization expense related to intangible assets was $48.7 million and $43.7 million for the six months ended June 30, 2026 and 2025, respectively. Amortizable intangible assets are amortized on a straight-line basis over their economic useful lives.
Estimated amortization expense for the existing carrying amount of amortizable intangible assets for each of the five succeeding fiscal years as of June 30, 2026 are as follows:
(in thousands)
2026 (excluding the six months ended June 30, 2026)$48,737 
202793,660 
202885,191 
202970,715 
203049,263