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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Acquisition Accounting | The following table summarizes the preliminary acquisition accounting for the business acquisitions noted above (in thousands):
Trade and other receivables | $22,898
Prepaid expenses and other current assets | 72,394
Other long term assets | 40,909
Goodwill | 710,549
Intangibles | 591,902
Accounts payable | (55,446)
Other current liabilities | (463,627)
Other noncurrent liabilities | (101,815)
Total fair value of net assets acquired | 817,764
Less: Noncontrolling interest | (29,437)
Total consideration paid | $788,327
The following table summarizes the acquisition accounting, in aggregate, for the 2023 business acquisitions noted above (in thousands):
Trade and other receivables | $9,299
Prepaid expenses and other current assets | 46,425
Other long term assets | 13,302
Goodwill | 383,851
Intangibles | 158,689
Accounts payable | (25,238)
Other current liabilities | (132,132)
Other noncurrent liabilities | (18,923)
Total consideration paid | $435,273
Summary of Estimated Fair Value of Intangible Assets Acquired and the Related Estimated Useful Lives | The preliminary estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
| Useful Lives (in Years) |  | Value
Trade names and trademarks - indefinite lived | N/A |  | $13,938
Trade names and trademarks - other | 2 to 5 |  | 12,200
Proprietary technology | 4 to 5 |  | 23,485
Customer and vendor relationships | 2 to 20 |  | 542,279
|  |  | $591,902
The estimated fair value of intangible assets acquired and the related estimated useful lives consisted of the following (in thousands):
| Useful Lives (in Years) |  | Value
Trade names and trademarks - indefinite lived | N/A |  | $11,169
Trade names and trademarks - other | 2 to 5 |  | 1,290
Proprietary technology | 5 to 7 |  | 11,885
Customer relationships | 6 to 20 |  | 134,345
|  |  | $158,689

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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