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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net | Goodwill and Other Intangible Assets, Net The changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows (in thousands):
| Goodwill
Balance at December 31, 2022 | $ | 486,585 |
Acquisitions | 19,901 |
Measurement period adjustments | (1,493) |
Cumulative translation adjustment | 1,351 |
Balance at December 31, 2023 | $ | 506,344 |
Acquisitions | 35,466 |
Measurement period adjustments | 707 |
Cumulative translation adjustment | (2,227) |
Balance at December 31, 2024 | $ | 540,290 |
For additional information on Goodwill, see Note 4—“Acquisitions.” The Company completed its annual goodwill impairment testing during the fourth quarters of 2024 and 2023, respectively, which did not result in any goodwill impairment. See Note 3—“Summary of Significant Accounting Policies” for more information. Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):
| December 31, 2024
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Remaining Life (Years)
Definite life intangible assets: |  |  |  |  |  |  |
Customer-related | $ | 256,374 |  |  | $ | 113,590 |  |  | $ | 142,784 |  |  | 10.8
Technology | 23,997 |  |  | 23,997 |  |  | — |  |  | N/A
Noncompete agreements | 21,815 |  |  | 20,621 |  |  | 1,194 |  |  | 1.5
Patents | 12,577 |  |  | 11,102 |  |  | 1,475 |  |  | 2.7
All other | 19,937 |  |  | 6,711 |  |  | 13,226 |  |  | 12.1
Total definite life intangible assets | 334,700 |  |  | 176,021 |  |  | 158,679 |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |
Trade names | 79,570 |  |  | — |  |  | 79,570 |  |  | N/A
Licenses | 2,207 |  |  | — |  |  | 2,207 |  |  | N/A
Domain name | 454 |  |  | — |  |  | 454 |  |  | N/A
Total indefinite life intangible assets | 82,231 |  |  | — |  |  | 82,231 |  |  | N/A
Total | $ | 416,931 |  |  | $ | 176,021 |  |  | $ | 240,910 |  |  |
| December 31, 2023
| Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted- Average Remaining Life (Years)
Definite life intangible assets: |  |  |  |  |  |  |
Customer-related | $ | 210,655 |  |  | $ | 97,401 |  |  | $ | 113,254 |  |  | 9.7
Technology | 23,997 |  |  | 23,997 |  |  | — |  |  | N/A
Noncompete agreements | 20,892 |  |  | 19,322 |  |  | 1,570 |  |  | 2.2
Patents | 11,950 |  |  | 10,703 |  |  | 1,247 |  |  | 2.9
All other | 20,325 |  |  | 7,364 |  |  | 12,961 |  |  | 10.3
Total definite life intangible assets | 287,819 |  |  | 158,787 |  |  | 129,032 |  |  | 9.6
Indefinite life intangible assets: |  |  |  |  |  |  |
Trade names | 79,570 |  |  | — |  |  | 79,570 |  |  | N/A
Licenses | 2,229 |  |  | — |  |  | 2,229 |  |  | N/A
Domain name | 454 |  |  | — |  |  | 454 |  |  | N/A
Total indefinite life intangible assets | 82,253 |  |  | — |  |  | 82,253 |  |  | N/A
Total | $ | 370,072 |  |  | $ | 158,787 |  |  | $ | 211,285 |  |  |
Intangible amortization expense was $19.6 million, $16.0 million and $15.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. Intangible amortization is included as part of “Other expenses” in the Company’s Consolidated Statements of Operations. The Company completed its annual intangible impairment testing during the fourth quarter of 2024. There were no impairment charges for the Company’s definite and indefinite life intangibles for the years ended December 31, 2024, 2023 and 2022. See Note 3—“Summary of Significant Accounting Policies” for more information. The estimated future amortization expense of definite life intangible assets as of December 31, 2024 is as follows (in millions):
2025 | $ | 21.2 |
2026 | 20.2 |
2027 | 15.9 |
2028 | 15.1 |
2029 | 11.4 |
2030 and thereafter | 74.9 |
Total | $ | 158.7 |

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