The following table sets forth the changes in the carrying amount of goodwill:


	(in thousands)
Balance as of December 31, 2025 (1)	$	4,137,377
Acquisitions		12,617
Balance as of June 30, 2026 (1)	$	4,149,994

(1) Goodwill is presented net of historical accumulated impairment losses of $44.6 million.

In 2026, the change in the carrying amount of goodwill is attributable to the acquisitions completed during the period. The amount allocated to goodwill is attributable to the assembled workforce, synergies, and expected growth from the expanded product and service offerings of the acquisitions. The goodwill recognized from the current year acquisitions is expected to be deductible and amortized ratably over a 15-year period for tax purposes.

As a result of the division realignment discussed in Note 1, the Company reassessed its reporting unit structure and determined that the division realignment resulted in a change in the composition of its reporting units. Accordingly, goodwill was reassigned to the affected reporting units using a relative fair value approach. In connection with the realignment, the Company performed qualitative impairment assessments both before and after the change in reporting unit structure. For each assessment, the Company evaluated all relevant events or circumstances that could impact estimates for fair value and determined it was more likely than not that the fair value of each reporting unit exceeded their carrying amount and that no impairment existed as of June 30, 2026.