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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
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 fiscal years ended December 31 were as follows:

 

 

 

2024

 

 

2023

 

Balance as of January 1, 2024

 

$

1,219,476

 

 

$

1,212,898

 

 Add: Goodwill resulting from business combinations

 

 

30,200

 

 

 

21,133

 

 Less: Goodwill resulting from business divestitures

 

 

—

 

 

 

(16,921

)

 Effect of foreign currency translation

 

 

(821

)

 

 

2,366

 

Balance as of December 31, 2024

 

$

1,248,855

 

 

$

1,219,476

 
See “Note 17 – Acquisitions and Divestitures” for the details of the business combination and divestiture resulting in the changes in goodwill.
Schedule of Other Intangibles

Other intangibles consisted of the following at December 31:

 

 

 

2024

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Customer-related

 

$

188,410

 

 

$

(108,215

)

 

$

80,195

 

Developed technology

 

 

8,902

 

 

 

(1,279

)

 

 

7,623

 

Trade name

 

 

1,570

 

 

 

(1,220

)

 

 

350

 

Total amortizable intangible assets

 

 

198,882

 

 

 

(110,714

)

 

 

88,168

 

Intangible with indefinite life

 

 

94

 

 

 

—

 

 

 

94

 

Total other intangible assets

 

$

198,976

 

 

$

(110,714

)

 

$

88,262

 

 

 

 

 

2023

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Customer-related

 

$

185,723

 

 

$

(93,911

)

 

$

91,812

 

Developed technology

 

 

3,902

 

 

 

(904

)

 

 

2,998

 

Trade name

 

 

1,280

 

 

 

(1,280

)

 

 

—

 

Total amortizable intangible assets

 

 

190,905

 

 

 

(96,095

)

 

 

94,810

 

Intangible with indefinite life

 

 

94

 

 

 

—

 

 

 

94

 

Total other intangible assets

 

$

190,999

 

 

$

(96,095

)

 

$

94,904

 
Schedule of Estimated Future Amortization Expense Relating to Intangible Assets The estimated future amortization expense relating to intangible assets is as follows:

 

Year ending December 31,

 

 

 

2025

 

$

35,590

 

2026

 

 

21,700

 

2027

 

 

6,574

 

2028

 

 

5,214

 

2029

 

 

4,534

 

Thereafter

 

 

14,556

 

Total

 

$

88,168