| Schedule of Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the six months ended June 30, 2026 by reportable segment were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Advantage
Americas |
|
|
First Advantage
International |
|
|
Sterling |
|
|
Total |
|
Balance – December 31, 2025 |
|
$ |
703,383 |
|
|
$ |
116,401 |
|
|
$ |
1,323,820 |
|
|
$ |
2,143,604 |
|
Foreign currency translation |
|
|
18 |
|
|
|
(2,042 |
) |
|
|
(1,379 |
) |
|
|
(3,403 |
) |
Adjustment of goodwill for asset disposition |
|
|
— |
|
|
|
— |
|
|
|
(5,043 |
) |
|
|
(5,043 |
) |
Balance – June 30, 2026 |
|
$ |
703,401 |
|
|
$ |
114,359 |
|
|
$ |
1,317,398 |
|
|
$ |
2,135,158 |
|
|
| Summary of Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets |
The following summarizes the gross carrying value and accumulated amortization for the Company’s trade names, customer lists, and other intangible assets as of June 30, 2026 and December 31, 2025 (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Net
Carrying Value |
|
|
Useful Life
(in years) |
Trade names |
|
$ |
158,090 |
|
|
$ |
(68,057 |
) |
|
$ |
90,033 |
|
|
5-20 years |
Customer lists |
|
|
1,172,157 |
|
|
|
(478,169 |
) |
|
|
693,988 |
|
|
13-14 years |
Other intangible assets |
|
|
2,400 |
|
|
|
(1,359 |
) |
|
|
1,041 |
|
|
5 years |
Total |
|
$ |
1,332,647 |
|
|
$ |
(547,585 |
) |
|
$ |
785,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Net
Carrying Value |
|
|
Useful Life
(in years) |
Trade names |
|
$ |
158,382 |
|
|
$ |
(58,902 |
) |
|
$ |
99,480 |
|
|
5-20 years |
Customer lists |
|
|
1,176,608 |
|
|
|
(420,263 |
) |
|
|
756,345 |
|
|
13-14 years |
Other intangible assets |
|
|
2,400 |
|
|
|
(1,114 |
) |
|
|
1,286 |
|
|
5 years |
Total |
|
$ |
1,337,390 |
|
|
$ |
(480,279 |
) |
|
$ |
857,111 |
|
|
|
|