Goodwill and intangible assets are primarily the result of business acquisitions.

The Company performs its annual impairment assessment of goodwill and indefinite life intangible assets as of November 30 of each year.

No impairments to goodwill or indefinite life intangible assets were recorded during the three and six months ended June 30, 2026.

The following table presents the gross amount, accumulated impairment loss and carrying amount of goodwill as of June 30, 2026 and December 31, 2025.


			Accumulated			Net
	Gross Amount		Impairment Loss			Carrying Amount
Balance as of June 30, 2026	$	2,058,753	$	(103,202	)	$	1,955,551
Balance as of December 31, 2025	$	2,058,753	$	(103,202	)	$	1,955,551

The accumulated impairment loss is due to impairment charges of $77.4 million and $25.8 million recognized during the years ended December 31, 2023 and December 31, 2019, respectively.

There were no changes in the carrying amount of goodwill during the three and six months ended June 30, 2026.

Intangible Assets—No intangible asset impairments were recorded during the three and six months ended June 30, 2026.

The intangible assets balance as of June 30, 2026 is reflected below (in thousands):


		Weighted-
		Average
	Estimated	Remaining	Gross		Net
	Useful Life	Useful Life	Carrying	Accumulated	Carrying
	(Years)	(Years)	Amount	Amortization	Amount

Intangible assets:
Customer relationships	16-18	9.1	$1,324,130	$(661,503)	$662,627
Acquired technologies	8	6.4	139,100	(28,210)	110,890
Trademarks	5	3.5	1,300	(390)	910
Subtotal			1,464,530	(690,102)	774,428
Trademarks—indefinite life			190,470	—	190,470
Total intangible assets			$1,655,000	$(690,102)	$964,898

The intangible assets balance as of December 31, 2025 is reflected below (in thousands):


		Weighted-
		Average
	Estimated	Remaining	Gross					Net
	Useful Life	Useful Life	Carrying		Accumulated			Carrying
	(Years)	(Years)	Amount		Amortization			Amount

Intangible assets:
Customer relationships	16-18	9.6	$	1,324,130	$	(624,609	)	$	699,521
Acquired technologies	7-8	6.9		139,100		(19,473	)		119,627
Trademarks	5	4		1,300		(260	)		1,040
Subtotal				1,464,530		(644,342	)		820,188
Trademarks—indefinite life				190,470		—			190,470
Total intangible assets			$	1,655,000	$	(644,342	)	$	1,010,658

Amortization expense for intangible assets was $22.9 million and $22.9 million for the three months ended June 30, 2026 and 2025, respectively. Amortization expense for intangible assets was $45.8 million and $45.8 million for the six months ended June 30, 2026 and 2025, respectively.

Future amortization expense for the remainder of the year ended December 31, 2026 and the following four years ended December 31 and thereafter for intangible assets as of June 30, 2026 is as follows (in thousands):


Years Ending December 31:

2026		45,760
2027		91,520
2028		91,520
2029		90,892
2030		90,575
Thereafter		364,161
Total	$	774,428