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Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026 by reportable segment were as follows (in thousands):

 

 

First Advantage
Americas

 

 

First Advantage
International

 

 

Sterling

 

 

Total

 

Balance – December 31, 2025

 

$

703,383

 

 

$

116,401

 

 

$

1,323,820

 

 

$

2,143,604

 

Foreign currency translation

 

 

18

 

 

 

(2,042

)

 

 

(1,379

)

 

 

(3,403

)

Adjustment of goodwill for asset disposition

 

 

—

 

 

 

—

 

 

 

(5,043

)

 

 

(5,043

)

Balance – June 30, 2026

 

$

703,401

 

 

$

114,359

 

 

$

1,317,398

 

 

$

2,135,158

 
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, 2026 and December 31, 2025 (in thousands):

 

 

June 30, 2026

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net
Carrying Value

 

 

Useful Life
(in years)

Trade names

 

$

158,090

 

 

$

(68,057

)

 

$

90,033

 

 

5-20 years

Customer lists

 

 

1,172,157

 

 

 

(478,169

)

 

 

693,988

 

 

13-14 years

Other intangible assets

 

 

2,400

 

 

 

(1,359

)

 

 

1,041

 

 

5 years

Total

 

$

1,332,647

 

 

$

(547,585

)

 

$

785,062

 

 

 

 

 

 

 

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