Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Intangible Asset, Goodwill and Other [Abstract] |
|
| Goodwill / Tradename |
Goodwill and indefinite life intangible asset activity for the nine months ended September 30, 2026 and the year ended December 31, 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Nine months ended September 30, 2026 |
|
|
Year ended December 31, 2025 |
|
Goodwill / Tradename |
|
Goodwill |
|
|
Tradename |
|
|
Goodwill |
|
|
Tradename |
|
Balance at beginning of period |
|
$ |
288,163 |
|
|
$ |
9,705 |
|
|
$ |
269,747 |
|
|
$ |
9,466 |
|
Acquisitions |
|
|
1,217,482 |
|
|
|
— |
|
|
|
41,769 |
|
|
|
— |
|
Divestiture |
|
|
— |
|
|
|
— |
|
|
|
(26,838 |
) |
|
|
— |
|
Foreign currency translation |
|
|
362 |
|
|
|
(58 |
) |
|
|
3,485 |
|
|
|
238 |
|
Balance at end of period |
|
$ |
1,506,007 |
|
|
$ |
9,647 |
|
|
$ |
288,163 |
|
|
$ |
9,705 |
|
|
| Intangible Assets - Finite Life |
Finite life intangible assets as of September 30, 2026 and December 31, 2025 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
(in thousands) |
|
Cost |
|
|
Accumulated Amortization |
|
|
Cost |
|
|
Accumulated Amortization |
|
Technology |
|
$ |
217,564 |
|
|
$ |
21,277 |
|
|
$ |
22,314 |
|
|
$ |
15,155 |
|
Customer relationships |
|
|
713,633 |
|
|
|
74,317 |
|
|
|
140,337 |
|
|
|
62,163 |
|
Tradenames and other |
|
|
163,256 |
|
|
|
13,477 |
|
|
|
17,660 |
|
|
|
6,084 |
|
Foreign currency adjustments |
|
|
2,756 |
|
|
|
2,585 |
|
|
|
87 |
|
|
|
31 |
|
Total intangible assets – finite life |
|
$ |
1,097,209 |
|
|
$ |
111,656 |
|
|
$ |
180,399 |
|
|
$ |
83,433 |
|
|
| Summary of Finite Lived Intangible Assets Activities |
Finite life intangible asset activity for the nine months ended September 30, 2026 and 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
Intangible assets – finite life, net at beginning of period |
|
$ |
96,966 |
|
|
$ |
74,050 |
|
Amortization expense |
|
|
(27,108 |
) |
|
|
(12,177 |
) |
Acquisitions |
|
|
917,300 |
|
|
|
41,810 |
|
Divestiture and other |
|
|
(1,719 |
) |
|
|
(4,029 |
) |
Foreign currency adjustments |
|
|
114 |
|
|
|
1,332 |
|
Intangible assets – finite life, net at end of period |
|
$ |
985,553 |
|
|
$ |
100,986 |
|
|