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Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

($ in thousands)		Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Weighted Average Useful Life (Years)
Client relationships		$	523,850			$	203,770			$	320,080				6.07
Channel relationships			29,885				5,549				24,336				8.14
Software costs			257,938				190,770				67,168				0.78
Non-compete agreements			4,580				4,430				150				0.16
Trade name			20,000				—				20,000				—
Balance as of March 31, 2024		$	836,253			$	404,519			$	431,734				4.44
Client relationships		$	523,850			$	190,591			$	333,259				6.32
Channel relationships			29,785				4,792				24,993				8.39
Software costs			246,996				178,323				68,673				0.83
Non-compete agreements			4,580				4,364				216				0.23
Trade name			20,000				—				20,000				—
Balance as of December 31, 2023		$	825,211			$	378,070			$	447,141				4.68

Schedule of Estimated Amortization Expense

The estimated amortization expense for the next five years and thereafter in the aggregate is as follows:

($ in thousands)		Estimated Future
Year Ending December 31,		Amortization Expense
2024		$	72,126
2025			74,071
2026			67,199
2027			55,024
2028			55,167
Thereafter			88,147

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- References

No definition available.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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