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Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 6. Intangible Assets Intangible assets consisted of the following as of:
| December 31, 2025
| Useful Life |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
| (in thousands)
Customer relationships | 5-20 years |  | $ | 515,874 |  |  | $ | 369,843 |  |  | $ | 146,031 |
Developed technology | 5-12 years |  | 95,347 |  |  | 83,777 |  |  | 11,570 |
Trade names | 3-10 years |  | 34,663 |  |  | 28,027 |  |  | 6,636 |
Non-compete agreements | 5 years |  | 1,907 |  |  | 1,904 |  |  | 3 |
Total |  |  | $ | 647,791 |  |  | $ | 483,551 |  |  | $ | 164,240 |
| December 31, 2024
| Useful Life |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
| (in thousands)
Customer relationships | 5- 20 years |  | $ | 511,374 |  |  | $ | 327,038 |  |  | $ | 184,336 |
Developed technology | 2-12 years |  | 93,855 |  |  | 76,430 |  |  | 17,425 |
Trade names | 3-10 years |  | 33,881 |  |  | 24,477 |  |  | 9,404 |
Non-compete agreements | 2-5 years |  | 1,936 |  |  | 1,929 |  |  | 7 |
Total |  |  | $ | 641,046 |  |  | $ | 429,874 |  |  | $ | 211,172 |
Amortization expense was $53.9 million, $67.8 million and $82.8 million for the years ended December 31, 2025, 2024 and 2023, respectively. The weighted average remaining useful life of intangible assets acquired is 6.7 years, 7.4 years and 8.8 years for the years ended December 31, 2025, 2024 and 2023, respectively. In determining the useful life for each category of intangible asset, the Company considered the following: the expected use of the intangible, the longevity of the brand and considerations for obsolescence, demand, competition and other economic factors. Amortization expense for the Company’s intangible assets is as follows (in thousands):
Year Ended December 31, |
2026 | $ | 43,123 |
2027 | 33,884 |
2028 | 27,490 |
2029 | 19,437 |
2030 | 14,269 |
Thereafter | 26,037 |
Total amortization expense for the Company’s intangible assets | $ | 164,240 |

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