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Acquisitions (Tables)
 12 Months Ended
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