| Schedule of Gross Amount, Accumulated Impairment Loss, and Carrying Amount of Goodwill |
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 |
|
|
| Summary of Intangible Assets Balance |
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 |
|
|
| Schedule of Future Amortization Expense for Intangible Assets |
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 |
|
|