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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 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 years ended December 31, 2025 and 2024 by reportable segment were as follows (in thousands):

 

 

First Advantage Americas

 

 

First Advantage International

 

 

Sterling

 

 

Total

 

Balance – December 31, 2023

 

$

703,797

 

 

$

116,857

 

 

$

—

 

 

$

820,654

 

Acquisitions

 

 

—

 

 

 

—

 

 

 

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

 

Adjustments to initial purchase price allocations

 

 

—

 

 

 

—

 

 

 

6,440

 

 

 

6,440

 

Foreign currency translation

 

 

89

 

 

 

2,060

 

 

 

10,487

 

 

 

12,636

 

Balance – December 31, 2025

 

$

703,383

 

 

$

116,401

 

 

$

1,323,820

 

 

$

2,143,604

 
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, 2025 and 2024 (in thousands):

 

December 31, 2025

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

Useful Life
(in years)

Trade names

 

$

158,382

 

 

$

(58,902

)

 

$

99,480

 

 

5-20 years

Customer lists

 

 

1,176,608

 

 

 

(420,263

)

 

 

756,345

 

 

13-14 years

Other intangible assets

 

 

2,400

 

 

 

(1,114

)

 

 

1,286

 

 

5 years

Total

 

$

1,337,390

 

 

$

(480,279

)

 

$

857,111

 

 

 

 

 

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

 

 

 
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,

 

 

 

2026

 

$

137,906

 

2027

 

 

123,251

 

2028

 

 

112,142

 

2029

 

 

98,175

 

2030

 

 

76,150

 

Thereafter

 

 

309,487

 

 

$

857,111