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Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets | The following table presents intangible assets as of:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
|  | (in thousands) |
Customer relationships |  | $ | 2,495,529 |  |  | $ | (1,266,197 | ) |  | $ | 2,216,578 |  |  | $ | (1,198,125 | )
Developed technology |  |  | 95,600 |  |  |  | (38,542 | ) |  |  | 95,600 |  |  |  | (35,887 | )
Trade names |  |  | 73,500 |  |  |  | (45,535 | ) |  |  | 64,500 |  |  |  | (43,483 | )
Non-compete agreements |  |  | 13,050 |  |  |  | (9,108 | ) |  |  | 13,050 |  |  |  | (8,599 | )
Total intangible assets |  | $ | 2,677,679 |  |  | $ | (1,359,382 | ) |  | $ | 2,389,728 |  |  | $ | (1,286,094 | )
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) |
2025 (from April 1, 2025) |  | $ | 215,454 |
2026 |  |  | 254,830 |
2027 |  |  | 195,763 |
2028 |  |  | 150,289 |
2029 |  |  | 96,507 |
Thereafter |  |  | 405,454 |
Total future intangible amortization expense |  | $ | 1,318,297 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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