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Goodwill, Trade Name, and Customer Lists (Tables)

9 Months Ended

11 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

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 changes in the carrying amount of goodwill for the year ended December 31, 2019 (Predecessor), the period from January 1, 2020, through January 31, 2020 (Predecessor), and for the period from February 1, 2020 through December 31, 2020 (Successor) were as follows (in thousands):

Predecessor:
Balance – December 31, 2018		$	261,583
Foreign currency translation			7
Balance – December 31, 2019		$	261,590
Foreign currency translation			(61	)
Balance – January 31, 2020		$	261,529
Successor:
Balance – February 1, 2020		$	767,797
Foreign currency translation			2,292
Balance – December 31, 2020		$	770,089

Summary of Gross Carrying Value and Accumulated Amortization of Finite-Lived Intangible Assets

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

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

		2019 (Predecessor)
		Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Useful Life (in years)
Trade name		$	13,224			$	—			$	13,224				Indefinite
Customer lists			158,279				(105,710	)			52,569				7-14 years
Total		$	171,503			$	(105,710	)		$	65,793
		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

Summary Of Future Amortization Expense Of The Intangible Assets

Amortization expense relating to trade name and customer lists is expected to be as follows (in thousands):

Years Ending December 31,
2021		$	72,921
2022			66,184
2023			59,672
2024			53,759
2025			47,662
Thereafter			223,165
		$	523,363

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
-Topic 350
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