Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 6 - GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill for the fiscal years ended December 31 were as follows:

	2025		2024
Balance as of January 1	$	1,248,855	$	1,219,476
Add: Goodwill resulting from business combinations		380		30,200
Effect of foreign currency translation		2,972		(821	)
Balance as of December 31	$	1,252,207	$	1,248,855

See “Note 15 - Acquisitions and Divestitures” for the details of the business combination and divestiture resulting in the changes in goodwill.

Other Intangible Assets

Other intangible assets consists of (i) intangible assets with definite lives previously acquired through mergers and acquisitions, purchased software, and internally-developed software (completed and in the process of completion), and (ii) a domain name with an indefinite life. The intangible assets with definite lives are amortized over periods ranging from approximately 1 to 12 years. The customer-related intangible assets, which consist of customer contracts, backlog, and non-contractual customer relationships, are amortized based on estimated cash flows and respective estimated economic benefit of the assets or straight-line over the estimated lives.

As of December 31, 2025, the weighted-average periods of amortization are as follows:

Customer-related	5.3 years
Software	5.0 years
Developed technology	6.5 years
Trade name	0.6 years
Total amortizable intangible assets	5.3 years

The carrying values of other intangible assets are as follows at December 31, 2025 and 2024:

	2025
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer-related	$	187,837	$	(143,674	)	$	44,163
Software		36,925		(23,321	)		13,604
Developed technology		8,902		(2,904	)		5,998
Trade name		1,570		(1,570	)		—
Total amortizable intangible assets		235,234		(171,469	)		63,765
Software in development		17,696		—			17,696
Intangible with indefinite life		94		—			94
Total other intangible assets	$	253,024	$	(171,469	)	$	81,555

	2024
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer-related	$	188,410	$	(108,215	)	$	80,195
Software		27,318		(18,204	)		9,114
Developed technology		8,902		(1,279	)		7,623
Trade name		1,570		(1,220	)		350
Total amortizable intangible assets		226,200		(128,918	)		97,282
Software in development		14,325		—			14,325
Intangible with indefinite life		94		—			94
Total other intangible assets	$	240,619	$	(128,918	)	$	111,701

Amortization expense of amortizable intangible assets for the years ended December 31, 2025, 2024, and 2023, totaled $43.2 million, $37.5 million, and $42.3 million, respectively. The estimated future amortization expense relating to amortizable other intangible assets is as follows:

Year ending December 31,
2026	$	27,412
2027		11,458
2028		9,283
2029		5,631
2030		5,030
Thereafter		4,951
Total	$	63,765