| Summary of Intangible Assets |
The following table presents intangible assets as of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
|
(in thousands) |
|
Customer relationships |
|
$ |
2,399,989 |
|
|
$ |
(1,416,480 |
) |
|
$ |
2,583,516 |
|
|
$ |
(1,474,467 |
) |
Developed technology |
|
|
95,100 |
|
|
|
(51,311 |
) |
|
|
95,600 |
|
|
|
(46,503 |
) |
Trade names |
|
|
57,450 |
|
|
|
(37,649 |
) |
|
|
74,950 |
|
|
|
(51,717 |
) |
Non-compete agreements |
|
|
11,200 |
|
|
|
(9,804 |
) |
|
|
13,050 |
|
|
|
(10,636 |
) |
Total intangible assets |
|
$ |
2,563,739 |
|
|
$ |
(1,515,244 |
) |
|
$ |
2,767,116 |
|
|
$ |
(1,583,323 |
) |
|
| Estimated Amortization Expense for Intangible Assets |
The following table presents the estimated amortization expense for intangible assets for the years ending December 31:
|
|
|
|
|
|
|
(in thousands) |
|
2026 (from July 1, 2026) |
|
$ |
136,338 |
|
2027 |
|
|
220,981 |
|
2028 |
|
|
163,613 |
|
2029 |
|
|
103,000 |
|
2030 |
|
|
83,280 |
|
Thereafter |
|
|
341,283 |
|
Total future intangible amortization expense |
|
$ |
1,048,495 |
|
|