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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
During the periods presented, changes in the carrying amount of goodwill by reportable segment were as follows:
(in thousands)CSBSolarTotal
Balance as of December 31, 2021
$4,906,666 $694,726 $5,601,392 
Acquisitions(1)
12,585 17,424 30,009 
Impairment
— (200,974)(200,974)
Balance as of December 31, 20224,919,251 511,176 5,430,427 
Acquisitions(1)
123 — 123 
Impairment— (511,176)(511,176)
Disposition(15,475)— (15,475)
Balance as of December 31, 2023$4,903,899 $— $4,903,899 
________________
(1)Includes the impact of measurement period adjustments, which were not material during the periods presented.
Schedule of Finite-Lived Intangible Assets
December 31, 2023December 31, 2022
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Definite-lived intangible assets:
Contracts and related customer relationships(1)
$5,571,456 $(2,937,245)$2,634,211 $6,739,004 $(4,143,469)$2,595,535 
Dealer relationships(2)
1,518,020 (618,154)899,866 1,518,020 (538,801)979,219 
Other(3)
209,773 (199,357)10,416 212,773 (193,563)19,210 
Total definite-lived intangible assets7,299,249 (3,754,756)3,544,493 8,469,797 (4,875,833)3,593,964 
Indefinite-lived intangible assets:
Trade name(4)
1,333,000 — 1,333,000 1,333,000 — 1,333,000 
Intangible assets$8,632,249 $(3,754,756)$4,877,493 $9,802,797 $(4,875,833)$4,926,964 
__________________
(1)During 2023, the Company retired $1.7 billion of certain customer relationship intangible assets acquired in the ADT Acquisition that became fully amortized.
(2)Originated from the Formation Transactions and the ADT Acquisition in 2015 and 2016, respectively. Amortized primarily over 19 years on a straight-line basis based on management estimates about attrition and the longevity of the underlying dealer network that existed at the time of acquisition.
(3)Primarily relates to trade names and other technology assets. Amortized over a period of up to 10 years on a straight-line basis.
(4)ADT trade name acquired as part of the ADT Acquisition.
The change in the net carrying amount of contracts and related customer relationships was as follows:
Years Ended December 31,
(in thousands)20232022
Beginning balance$2,595,535 $2,778,922 
Customer contract additions, net of dealer charge-backs564,652 633,431 
Amortization(525,676)(819,677)
Other(300)2,859 
Ending balance$2,634,211 $2,595,535 
Schedule of Indefinite-Lived Intangible Assets
December 31, 2023December 31, 2022
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Definite-lived intangible assets:
Contracts and related customer relationships(1)
$5,571,456 $(2,937,245)$2,634,211 $6,739,004 $(4,143,469)$2,595,535 
Dealer relationships(2)
1,518,020 (618,154)899,866 1,518,020 (538,801)979,219 
Other(3)
209,773 (199,357)10,416 212,773 (193,563)19,210 
Total definite-lived intangible assets7,299,249 (3,754,756)3,544,493 8,469,797 (4,875,833)3,593,964 
Indefinite-lived intangible assets:
Trade name(4)
1,333,000 — 1,333,000 1,333,000 — 1,333,000 
Intangible assets$8,632,249 $(3,754,756)$4,877,493 $9,802,797 $(4,875,833)$4,926,964 
__________________
(1)During 2023, the Company retired $1.7 billion of certain customer relationship intangible assets acquired in the ADT Acquisition that became fully amortized.
(2)Originated from the Formation Transactions and the ADT Acquisition in 2015 and 2016, respectively. Amortized primarily over 19 years on a straight-line basis based on management estimates about attrition and the longevity of the underlying dealer network that existed at the time of acquisition.
(3)Primarily relates to trade names and other technology assets. Amortized over a period of up to 10 years on a straight-line basis.
(4)ADT trade name acquired as part of the ADT Acquisition.
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Definite-Lived Intangible Asset Amortization Expense
Years Ended December 31,
(in thousands)202320222021
Definite-lived intangible asset amortization expense$613,679 $911,405 $1,185,249 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2023, the estimated aggregate amortization expense on our existing intangible assets is expected to be as follows (in thousands):
20242025202620272028Thereafter
$550,057 $472,569 $416,533 $367,642 $363,549 $1,374,143