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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2024 and 2023 by reportable segment were as follows (in thousands):
|  | First Advantage Americas |  |  | First Advantage International |  |  | Sterling |  |  | Total |
Balance – December 31, 2022 |  | $ | 677,171 |  |  | $ | 115,909 |  |  | $ | — |  |  | $ | 793,080 |
Acquisitions |  |  | 26,519 |  |  |  | — |  |  |  | — |  |  |  | 26,519 |
Foreign currency translation |  |  | 107 |  |  |  | 948 |  |  |  | — |  |  |  | 1,055 |
Balance – December 31, 2023 |  | $ | 703,797 |  |  | $ | 116,857 |  |  | $ | — |  |  | $ | 820,654 |
Acquisition |  |  | — |  |  |  | — |  |  |  | 1,313,365 |  |  |  | 1,313,365 |
Adjustments to initial purchase price allocations |  |  | (368 | ) |  |  | — |  |  |  | — |  |  |  | (368 | )
Foreign currency translation |  |  | (135 | ) |  |  | (2,516 | ) |  |  | (6,472 | ) |  |  | (9,123 | )
Balance – December 31, 2024 |  | $ | 703,294 |  |  | $ | 114,341 |  |  | $ | 1,306,893 |  |  | $ | 2,124,528 |
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 December 31, 2024 and 2023 (in thousands):
|  | December 31, 2024
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade names |  | $ | 157,740 |  |  | $ | (39,265 | ) |  | $ | 118,475 |  |  | 5-20 years
Customer lists |  |  | 1,170,327 |  |  |  | (302,632 | ) |  |  | 867,695 |  |  | 13-14 years
Other intangible assets |  |  | 2,400 |  |  |  | (622 | ) |  |  | 1,778 |  |  | 5 years
Total |  | $ | 1,330,467 |  |  | $ | (342,519 | ) |  | $ | 987,948 |  |  |
|  | 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 |  |  |
Schedule of Intangible Assets, Future Amortization Expense | Amortization expense relating to trade names, customer lists, and other intangible assets is expected to be as follows (in thousands):
Years Ending December 31, |  |  |
2025 |  | $ | 136,682 |
2026 |  |  | 137,341 |
2027 |  |  | 122,693 |
2028 |  |  | 111,583 |
2029 |  |  | 97,620 |
Thereafter |  |  | 382,029 |
|  | $ | 987,948 |

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