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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill There were no changes in the carrying amounts of goodwill since December 31, 2024.
Other Intangible Assets
| June 30, 2025 |  | December 31, 2024
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Contracts and related customer relationships | $ | 6,489,356 |  |  | $ | (3,732,974) |  |  | $ | 2,756,382 |  |  | $ | 6,158,349 |  |  | $ | (3,464,926) |  |  | $ | 2,693,423 |
Dealer relationships | 1,518,020 |  |  | (736,869) |  |  | 781,151 |  |  | 1,518,020 |  |  | (697,324) |  |  | 820,696 |
Other | 209,773 |  |  | (204,469) |  |  | 5,304 |  |  | 209,773 |  |  | (202,793) |  |  | 6,980 |
Total definite-lived intangible assets | 8,217,149 |  |  | (4,674,312) |  |  | 3,542,837 |  |  | 7,886,142 |  |  | (4,365,043) |  |  | 3,521,099 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trade name | 1,333,000 |  |  | — |  |  | 1,333,000 |  |  | 1,333,000 |  |  | — |  |  | 1,333,000 |
Intangible assets | $ | 9,550,149 |  |  | $ | (4,674,312) |  |  | $ | 4,875,837 |  |  | $ | 9,219,142 |  |  | $ | (4,365,043) |  |  | $ | 4,854,099 |
The change in the net carrying amount of contracts and related customer relationships during the period was as follows:
(in thousands) |
Balance as of December 31, 2024 | $ | 2,693,423 |
Customer contract additions, net of dealer charge-backs(1) | 331,007 |
Amortization | (268,048) |
Balance as of June 30, 2025 | $ | 2,756,382 |
________________ (1) The weighted-average amortization period for customer contract additions was approximately 15 years. Payments for customer contract additions under the Company’s authorized dealer program and from other third parties are reflected as dealer generated customer accounts and bulk account purchases on the Condensed Consolidated Statements of Cash Flows. During the three months ended June 30, 2025, the Company completed a bulk customer account purchase for a contractual purchase price of $101 million, subject to reduction based on customer retention, and paid initial cash at closing of $89 million. Definite-Lived Intangible Asset Amortization Expense
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Definite-lived intangible asset amortization expense |  | $ | 154,593 |  |  | $ | 150,644 |  |  | $ | 309,269 |  |  | $ | 301,542 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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