Goodwill, Trade Name, and Customer Lists

9 Months Ended

Sep. 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 nine months ended September 30, 2021 (Successor) were as follows (in thousands):


Successor:
Balance – December 31, 2020	$	770,089
Acquisitions		3,120
Foreign currency translation		(540	)
Balance – September 30, 2021	$	772,669

The following summarizes the gross carrying value and accumulated amortization for the Company’s trade name and customer lists as of September 30, 2021 (Successor) and December 31, 2020 (Successor) (in thousands):


	September 30, 2021 (Successor)
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Useful Life (in years)
Trade name	$	95,171	$	(13,480	)	$	81,691	20 years
Customer lists		503,788		(114,572	)		389,216	14 years
Total	$	598,959	$	(128,052	)	$	470,907


	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 $19.9 million for the three months ended September 30, 2021 and 2020 (Successor), respectively. Amortization expense of trade name and customer lists was approximately $55.1 million, $52.8 million, and $0.8 million for the nine months ended September 30, 2021 (Successor), the period from February 1, 2020 through September 30, 2020 (Successor), and the period from January 1, 2020 through January 31, 2020 (Predecessor), respectively.