XML 33 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table presents intangible assets as of:

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

 

(in thousands)

 

Customer relationships

 

$

2,187,855

 

 

$

(1,134,491

)

 

$

2,105,730

 

 

$

(912,865

)

Trade names

 

 

64,500

 

 

 

(42,129

)

 

 

64,500

 

 

 

(36,459

)

Non-compete agreements

 

 

13,050

 

 

 

(8,028

)

 

 

13,050

 

 

 

(6,223

)

Developed technology

 

 

95,600

 

 

 

(33,234

)

 

 

95,600

 

 

 

(25,160

)

Total intangible assets

 

$

2,361,005

 

 

$

(1,217,882

)

 

$

2,278,880

 

 

$

(980,707

)

 

Estimated Amortization Expense for Intangible Assets

The following table presents the estimated amortization expense for intangible assets for the years ending December 31:

 

 

 

(in thousands)

 

2024 (from October 1, 2024)

 

$

66,656

 

2025

 

 

243,297

 

2026

 

 

211,067

 

2027

 

 

156,970

 

2028

 

 

124,052

 

Thereafter

 

 

341,081

 

Total future intangible amortization expense

 

$

1,143,123