| Goodwill and Intangible Assets |
NOTE 6 GOODWILL AND INTANGIBLE ASSETS Goodwill The following table summarizes changes in the carrying amount of goodwill:
|
|
|
|
|
|
|
Amount |
|
Balance as of December 31, 2025 |
|
$ |
1,293,346 |
|
Business acquisitions (Note 7) |
|
|
11,210 |
|
Balance as of June 30, 2026 |
|
$ |
1,304,556 |
|
Intangible Assets Intangible assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying Amount |
|
|
Weighted
Average Useful
Life (Years) |
|
Regional trade names |
|
$ |
37,329 |
|
|
$ |
(36,622 |
) |
|
$ |
707 |
|
|
|
4.0 |
|
LifeStance trade names |
|
|
235,500 |
|
|
|
(64,191 |
) |
|
|
171,309 |
|
|
|
22.5 |
|
Non-competition agreements |
|
|
94,932 |
|
|
|
(94,143 |
) |
|
|
789 |
|
|
|
4.2 |
|
Total intangible assets |
|
$ |
367,761 |
|
|
$ |
(194,956 |
) |
|
$ |
172,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying Amount |
|
|
Weighted
Average Useful
Life (Years) |
|
Regional trade names |
|
$ |
36,694 |
|
|
$ |
(36,319 |
) |
|
$ |
375 |
|
|
|
4.0 |
|
LifeStance trade names |
|
|
235,500 |
|
|
|
(58,957 |
) |
|
|
176,543 |
|
|
|
22.5 |
|
Non-competition agreements |
|
|
94,535 |
|
|
|
(93,788 |
) |
|
|
747 |
|
|
|
4.2 |
|
Total intangible assets |
|
$ |
366,729 |
|
|
$ |
(189,064 |
) |
|
$ |
177,665 |
|
|
|
|
Gross carrying amount is based on the fair value of the intangible assets determined at the acquisition date. Total intangible asset amortization expense consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Amortization expense |
|
$ |
2,940 |
|
|
$ |
3,367 |
|
|
$ |
5,892 |
|
|
$ |
6,833 |
|
|