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Goodwill, Trade Names, Customer Lists and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the six months ended June 30, 2024 by reportable segment were as follows (in thousands):

 

 

Americas

 

 

International

 

 

Total

 

Balance – December 31, 2023

 

$

703,797

 

 

$

116,857

 

 

$

820,654

 

Adjustments to initial purchase price allocations

 

 

(368

)

 

 

—

 

 

 

(368

)

Foreign currency translation

 

 

(55

)

 

 

(1,095

)

 

 

(1,150

)

Balance – June 30, 2024

 

$

703,374

 

 

$

115,762

 

 

$

819,136

 
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 names, customer lists, and other intangible assets as of June 30, 2024 and December 31, 2023 (in thousands):

 

 

June 30, 2024

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net
Carrying Value

 

 

Useful Life
(in years)

Trade names

 

$

96,182

 

 

$

(33,611

)

 

$

62,571

 

 

20 years

Customer lists

 

 

519,343

 

 

 

(268,946

)

 

 

250,397

 

 

13-14 years

Other intangible assets

 

 

2,400

 

 

 

(382

)

 

 

2,018

 

 

5 years

Total

 

$

617,925

 

 

$

(302,939

)

 

$

314,986

 

 

 

 

 

 

December 31, 2023

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net
Carrying Value

 

 

Useful Life
(in years)

Trade names

 

$

96,321

 

 

$

(30,092

)

 

$

66,229

 

 

20 years

Customer lists

 

 

520,105

 

 

 

(244,577

)

 

 

275,528

 

 

13-14 years

Other intangible assets

 

 

2,400

 

 

 

(143

)

 

 

2,257

 

 

5 years

Total

 

$

618,826

 

 

$

(274,812

)

 

$

344,014