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Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consist of the following:
|  | As of December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Balance |  |  | Weighted-Average Amortization Period Remaining |
|  | (in thousands) |  |  | (in years) |
Customer relationships |  | $ | 1,461,276 |  |  | $ | (456,575 | ) |  | $ | 1,004,701 |  |  |  | 12.9 |
OEM authorizations and licenses |  |  | 334,009 |  |  |  | (172,487 | ) |  |  | 161,522 |  |  |  | 11.8 |
Trademarks |  |  | 204,000 |  |  |  | (78,247 | ) |  |  | 125,753 |  |  |  | 9.3 |
Technology and other |  |  | 9,127 |  |  |  | (4,915 | ) |  |  | 4,212 |  |  |  | 5.6 |
Total intangible assets |  | $ | 2,008,412 |  |  | $ | (712,224 | ) |  | $ | 1,296,188 |  |  |  | 12.4 |
|  | As of December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Balance |  |  | Weighted-Average Amortization Period Remaining |
|  | (in thousands) |  |  | (in years) |
Customer relationships |  | $ | 1,386,276 |  |  | $ | (375,529 | ) |  | $ | 1,010,747 |  |  |  | 13.7 |
OEM authorizations and licenses |  |  | 299,710 |  |  |  | (159,227 | ) |  |  | 140,483 |  |  |  | 11.8 |
Trademarks |  |  | 204,000 |  |  |  | (64,646 | ) |  |  | 139,354 |  |  |  | 10.3 |
Technology and other |  |  | 9,092 |  |  |  | (3,949 | ) |  |  | 5,143 |  |  |  | 6.2 |
Total intangible assets |  | $ | 1,899,078 |  |  | $ | (603,351 | ) |  | $ | 1,295,727 |  |  |  | 13.1 |
Schedule of Estimated Amortization Expense | Estimated amortization expense for each of the five succeeding fiscal years is as follows:
|  | Amortization Expense |
|  | (in thousands) |
2025 |  | $ | 130,974 |
2026 |  |  | 121,389 |
2027 |  |  | 111,095 |
2028 |  |  | 109,586 |
2029 |  |  | 106,421 |

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