| Schedule of Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | | | | | | | | | | Impairment losses | (296,275) | | | — | | | — | | | (296,275) | | | Effect of foreign currency translation | 4,820 | | | (378) | | | — | | | 4,442 | | | Adjustments to prior year acquisitions | (180) | | | — | | | — | | | (180) | | | Balance at September 30, 2026 | $ | 1,283,996 | | | $ | 210,490 | | | $ | 37,676 | | | $ | 1,532,162 | |
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| Schedule of Intangible Assets |
The Company also has intangible assets, which consisted of the following as of September 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | | | Cost | | Accumulated
amortization | | Net carrying
amount | | | | | | | | | | | | | | (In thousands) | | Definite-lived intangible assets: | | | | | | | | | Customer relationships | | | $ | 383,251 | | | $ | (382,650) | | | $ | 601 | | | Trade names | | | 16,382 | | | (11,374) | | | 5,008 | | | | | | 399,633 | | | (394,024) | | | 5,609 | | | Indefinite-lived intangible assets: | | | | | | | | | Trade names | | | 180,870 | | | — | | | 180,870 | | | | | | $ | 580,503 | | | $ | (394,024) | | | $ | 186,479 | |
During the three months ended September 30, 2026, the Company recorded impairment losses of approximately $4.0 million for customer relationships related to our full service center-based child care operations in Australia, which were included in selling, general, and administrative expenses on the income statement. | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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| Schedule of Estimated Amortization Expense Related to Intangible Assets |
The Company estimates that it will record amortization expense related to intangible assets existing as of September 30, 2026 as follows: | | | | | | | Estimated amortization expense | | | | (In thousands) | | Remainder of 2026 | $ | 462 | | | 2027 | 1,037 | | | 2028 | 813 | | | 2029 | 749 | | | 2030 | 728 | | | Thereafter | 1,820 | | | $ | 5,609 | |
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