Goodwill, Trade Name, and Customer Lists

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Trade Name, and Customer Lists

Note 5. Goodwill, Trade Name, and Customer Lists

The changes in the carrying amount of goodwill for the six months ended June 30, 2022 by reportable segment were as follows (in thousands):

	Americas			International			Total
Balance – December 31, 2021	$	668,048		$	125,844		$	793,892
Acquisitions		9,116			—			9,116
Adjustments to initial purchase price allocations		(167	)		—			(167	)
Foreign currency translation		156			(6,441	)		(6,285	)
Balance – June 30, 2022	$	677,153		$	119,403		$	796,556

The following summarizes the gross carrying value and accumulated amortization for the Company’s trade name and customer lists as of June 30, 2022 and December 31, 2021 (in thousands):

	June 30, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Useful Life (in years)
Trade name	$	94,346	$	(19,111	)	$	75,235	20 years
Customer lists		517,866		(160,169	)		357,697	13-14 years
Total	$	612,212	$	(179,280	)	$	432,932

	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Useful Life (in years)
Trade name	$	95,026	$	(15,441	)	$	79,585	20 years
Customer lists		515,524		(130,758	)		384,766	14 years
Total	$	610,550	$	(146,199	)	$	464,351

Amortization expense of trade name and customer lists was approximately $17.1 million and $18.4 million for the three months ended June 30, 2022 and 2021, respectively. Amortization expense of trade name and customer lists was approximately $34.3 million and $36.7 million for the six months ended June 30, 2022 and 2021, respectively.