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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired in business combinations. There were no changes in the carrying amount of goodwill by segment for the three months ended March 31, 2025.
The following table presents acquired intangible assets (in thousands):
| March 31, 2025 |  | December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 80,200 |  |  | $ | (24,015) |  |  | $ | 56,185 |  |  | $ | 80,200 |  |  | $ | (22,009) |  |  | $ | 58,191 |
Trade names | 24,600 |  |  | (6,896) |  |  | 17,704 |  |  | 24,600 |  |  | (6,384) |  |  | 18,216 |
Total intangible assets | $ | 104,800 |  |  | $ | (30,911) |  |  | $ | 73,889 |  |  | $ | 104,800 |  |  | $ | (28,393) |  |  | $ | 76,407 |
Amortization expense on intangible assets was $2.5 million for the three months ended March 31, 2025 and 2024, and is reported in depreciation and amortization on the consolidated statements of income. As of March 31, 2025, we estimate future amortization expense for intangible assets will be $7.6 million for the remainder of 2025, and $10.1 million for each of the five succeeding fiscal years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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