v3.26.1
Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill has a balance of $4.0 billion as of both June 30, 2026 and December 31, 2025. During the six months ended June 30, 2026, there was a $2.0 million reduction to goodwill due to a measurement period adjustment related to the prior year acquisition of Iodine. The measurement period adjustment was related to finalizing closing working capital as outlined within the Merger Agreement. There were no other additions, disposals or impairments to goodwill during the three and six months ended June 30, 2026.
Amortization for definite-lived intangible assets is as follows (in thousands, except useful life):
Gross Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
Weighted-
Average
Remaining
Useful Life
As of June 30, 2026
Customer relationships$1,720,000 $(595,158)$1,124,842 11.6
Purchased developed technology119,800 (37,185)82,615 4.1
Tradenames and trademarks45,100 (28,666)16,434 2.9
Total$1,884,900 $(661,009)$1,223,891 
As of December 31, 2025
Customer relationships$1,720,000 $(539,645)$1,180,355 12.0
Purchased developed technology119,800 (27,045)92,755 4.6
Tradenames and trademarks45,100 (25,371)19,729 3.3
Total$1,884,900 $(592,061)$1,292,839 
Amortization expense was $34.5 million and $28.1 million for the three months ended June 30, 2026 and 2025, respectively. Amortization expense was $68.9 million and $56.2 million for the six months ended June 30, 2026 and 2025, respectively.