
	Full service center-based child care		Back-up care		Educational advisory services		Total

	(In thousands)
Balance at January 1, 2026	$	1,575,631	$	210,868	$	37,676	$	1,824,175

Adjustments to prior year acquisitions	(217)		—		—		(217)
Impairment loss	(6,302)		—		—		(6,302)
Effect of foreign currency translation	1,656		(412)		—		1,244
Balance at June 30, 2026	$	1,570,768	$	210,456	$	37,676	$	1,818,900

During the three months ended June 30, 2026, the Company identified certain indicators of potential impairment, therefore an interim test for goodwill impairment was performed as of June 30, 2026. For an immaterial foreign reporting unit specializing in tutoring services, the fair value was less than its book value, and therefore, the Company recognized goodwill impairment of $6.3 million. The inputs to the fair value are defined in the fair value hierarchy as level 3 due to the lack of observable inputs used in the model. Refer to Note 9, Fair Value Measurements, and Note 11, Segment Information, for additional information.


June 30, 2026	Cost		Accumulated amortization		Net carrying amount

	(In thousands)
Definite-lived intangible assets:
Customer relationships	$	386,873	$	(381,537)	$	5,336
Trade names	16,304		(11,134)		5,170
	403,177		(392,671)		10,506
Indefinite-lived intangible assets:
Trade names	180,860		—		180,860
	$	584,037	$	(392,671)	$	191,366


December 31, 2025	Cost		Accumulated amortization		Net carrying amount

	(In thousands)
Definite-lived intangible assets:
Customer relationships	$	386,482	$	(379,457)	$	7,025
Trade names	16,148		(10,693)		5,455
	402,630		(390,150)		12,480
Indefinite-lived intangible assets:
Trade names	180,972		—		180,972
	$	583,602	$	(390,150)	$	193,452

The Company estimates that it will record amortization expense related to intangible assets existing as of June 30, 2026 as follows:


	Estimated amortization expense

	(In thousands)
Remainder of 2026	$	2,409
2027	3,156
2028	1,776
2029	720
2030	699
Thereafter	1,746
	$	10,506