XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill, Trade Name, and Customer Lists | 9 Months Ended
--- | ---
Sep. 30, 2023
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, 2023 by reportable segment were as follows (in thousands):
|  | Americas |  |  | International |  |  | Total |
Balance – December 31, 2022 |  | $ | 677,171 |  |  | $ | 115,909 |  |  | $ | 793,080 |
Acquisition |  |  | 28,100 |  |  |  | — |  |  |  | 28,100 |
Foreign currency translation |  |  | 87 |  |  |  | (297 | ) |  |  | (210 | )
Balance – September 30, 2023 |  | $ | 705,358 |  |  | $ | 115,612 |  |  | $ | 820,970 |
The following summarizes the gross carrying value and accumulated amortization for the Company’s trade name and customer lists as of September 30, 2023 and December 31, 2022 (in thousands):
|  | September 30, 2023
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 93,880 |  |  | $ | (28,190 | ) |  | $ | 65,690 |  |  | 20 years
Customer lists |  |  | 522,063 |  |  |  | (230,504 | ) |  |  | 291,559 |  |  | 13-14 years
Total |  | $ | 615,943 |  |  | $ | (258,694 | ) |  | $ | 357,249 |  |  |
|  | December 31, 2022
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade name |  | $ | 93,959 |  |  | $ | (22,797 | ) |  | $ | 71,162 |  |  | 20 years
Customer lists |  |  | 515,762 |  |  |  | (189,748 | ) |  |  | 326,014 |  |  | 13-14 years
Total |  | $ | 609,721 |  |  | $ | (212,545 | ) |  | $ | 397,176 |  |  |
Amortization expense of trade name and customer lists was approximately $15.5 million and $17.0 million for the three months ended September 30, 2023 and 2022, respectively. Amortization expense of trade name and customer lists was approximately $46.3 million and $51.3 million for the nine months ended September 30, 2023 and 2022, respectively. Trade name and customer lists are amortized on an accelerated basis based upon their estimated useful life.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration