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Goodwill, Trade Names, Customer Lists and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the three months ended March 31, 2025 by reportable segment were as follows (in thousands):
|  | First Advantage Americas |  |  | First Advantage International |  |  | Sterling |  |  | Total |
Balance – December 31, 2024 |  | $ | 703,294 |  |  | $ | 114,341 |  |  | $ | 1,306,893 |  |  | $ | 2,124,528 |
Adjustments to initial purchase price allocations |  |  | — |  |  |  | — |  |  |  | 208 |  |  |  | 208 |
Foreign currency translation |  |  | 2 |  |  |  | 1,032 |  |  |  | 2,248 |  |  |  | 3,282 |
Balance – March 31, 2025 |  | $ | 703,296 |  |  | $ | 115,373 |  |  | $ | 1,309,349 |  |  | $ | 2,128,018 |
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 March 31, 2025 and December 31, 2024 (in thousands):
|  | March 31, 2025
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Useful Life (in years)
Trade names |  | $ | 157,937 |  |  | $ | (44,173 | ) |  | $ | 113,764 |  |  | 5-20 years
Customer lists |  |  | 1,172,012 |  |  |  | (332,074 | ) |  |  | 839,938 |  |  | 13-14 years
Other intangible assets |  |  | 2,400 |  |  |  | (745 | ) |  |  | 1,655 |  |  | 5 years
Total |  | $ | 1,332,349 |  |  | $ | (376,992 | ) |  | $ | 955,357 |  |  |
|  | 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 |  |  |

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- Definition 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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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