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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table presents intangible assets as of:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

 

(in thousands)

 

Customer relationships

 

$

1,846,465

 

 

$

(451,948

)

 

$

1,781,264

 

 

$

(328,540

)

Trade names

 

 

201,861

 

 

 

(159,987

)

 

 

201,861

 

 

 

(155,141

)

Subcontractor relationships

 

 

5,440

 

 

 

(4,664

)

 

 

5,440

 

 

 

(3,757

)

Non-compete agreements

 

 

14,919

 

 

 

(4,458

)

 

 

13,519

 

 

 

(3,243

)

Developed technology

 

 

95,600

 

 

 

(8,986

)

 

 

95,600

 

 

 

(3,594

)

Total intangible assets

 

$

2,164,285

 

 

$

(630,043

)

 

$

2,097,684

 

 

$

(494,275

)

Estimated Amortization Expense for Intangible Assets

The following table presents the estimated amortization expense (in thousands) for intangible assets for the years ending December 31:

 

 

 

(in thousands)

 

2022 (from July 1, 2022)

 

$

138,191

 

2023

 

 

245,578

 

2024

 

 

214,437

 

2025

 

 

183,846

 

2026

 

 

160,842

 

Thereafter

 

 

591,348

 

Total future net intangible amortization expense

 

$

1,534,242