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Goodwill, Trade Name, and Customer Lists | 6 Months Ended
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Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill, Trade Name, and Customer Lists | Note 5. Goodwill, Trade Name, and Customer Lists The changes in the carrying amount of goodwill for the six months ended June 30, 2021 (Successor) were as follows (in thousands):
Successor: |  |  |
Balance – December 31, 2020 |  | $ | 770,089 |
Acquisitions |  |  | 3,120 |
Foreign currency translation |  |  | 1,353 |
Balance – June 30, 2021 |  | $ | 774,562 |
The following summarizes the gross carrying value and accumulated amortization for the Company’s trade name and customer lists as of June 30, 2021 (Successor) and December 31, 2020 (Successor) (in thousands):
|  | June 30, 2021 (Successor)
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 95,343 |  |  | $ | (11,515 | ) |  | $ | 83,828 |  |  | 20 years
Customer lists |  |  | 504,774 |  |  |  | (98,359 | ) |  |  | 406,415 |  |  | 14 years
Total |  | $ | 600,117 |  |  | $ | (109,874 | ) |  | $ | 490,243 |  |  |
|  | December 31, 2020 (Successor)
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 95,230 |  |  | $ | (7,528 | ) |  | $ | 87,702 |  |  | 20 years
Customer lists |  |  | 501,210 |  |  |  | (65,549 | ) |  |  | 435,661 |  |  | 14 years
Total |  | $ | 596,440 |  |  | $ | (73,077 | ) |  | $ | 523,363 |  |  |
Amortization expense of trade name and customer lists was approximately $18.4 million and $19.8 million for the three months ended June 30, 2021 and 2020 (Successor), respectively. Amortization expense of trade name and customer lists was approximately $36.7 million, $33.0 million, and $0.8 million for the six months ended June 30, 2021 (Successor), the period from February 1, 2020 through June 30, 2020 (Successor), and the period from January 1, 2020 through January 31, 2020 (Predecessor), respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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