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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 10: Goodwill and Intangible Assets
Goodwill
The following table summarizes the changes in goodwill by reporting unit:
(in $000s)ERSTESAPSTotal
Balance, December 31, 2022$498,624 $167,307 $37,896 $703,827 
Currency translation adjustment184 — — 184 
Balance, December 31, 2023498,808 167,307 37,896 704,011 
Acquisitions— — 1,439 1,439 
Currency translation adjustment(644)— — (644)
Balance, December 31, 2024$498,164 $167,307 $39,335 $704,806 
Intangible Assets
Intangible assets consisted of the following:
December 31, 2024December 31, 2023
(in $000s)Weighted Average Remaining Life (Years)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Definite-lived intangible assets:
Trade names11.3$180,780 $(67,530)$180,780 $(57,463)
Customer relationships10.1214,188 (75,046)212,587 (58,696)
Non-compete agreements and other0.3535 (534)535 (531)
Total$395,503 $(143,110)$393,902 $(116,690)
Amortization expense associated with the intangible assets noted above was $26.7 million, $27.1 million, and $33.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Amortization Expense
As of December 31, 2024, estimated amortization expense for intangible assets for each of the next five years and thereafter is estimated to be as follows:
(in $000s)Amortization
2025$26,722 
202626,722 
202726,722 
202826,722 
202926,357 
Thereafter119,148 
Total estimated future amortization expense$252,393