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Goodwill, Trade Name, and Customer Lists (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the year ended December 31, 2021 (Successor), for the period from February 1, 2020 through December 31, 2020 (Successor) and for the period from January 1, 2020, through January 31, 2020 (Predecessor) were as follows (in thousands):

Successor:
Balance – February 1, 2020		$	767,797
Foreign currency translation			2,292
Balance – December 31, 2020		$	770,089
Acquisitions			25,834
Foreign currency translation			(2,031	)
Balance – December 31, 2021		$	793,892
Predecessor:
Balance – December 31, 2019		$	261,590
Foreign currency translation			(61	)
Balance – January 31, 2020		$	261,529

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 December 31, 2021 and 2020 (Successor) (in thousands):

		December 31, 2021 (Successor)
		Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Useful Life (in years)
Trade name		$	95,026			$	(15,441	)		$	79,585			20 years
Customer lists			515,524				(130,758	)			384,766			14 years
Total		$	610,550			$	(146,199	)		$	464,351

		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

Schedule of Intangible Assets, Future Amortization Expense

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

Years Ending December 31,
2022		$	67,912
2023			61,379
2024			55,475
2025			49,324
2026			42,506
Thereafter			187,755
		$	464,351

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- References

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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