Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Intangibles

Schedule of changes in carrying amount of customer relationships

The carrying amount of customer relationships were as follows:

	December 31,
(in thousands)	2023		2024
Gross carrying value of customer relationships	$	1,555,000		1,555,000
Accumulated amortization of customer relationships		(339,569)		(410,241)
Customer relationships	$	1,215,431		1,144,759

Schedule of future amortization expense

Future amortization expense as of December 31, 2024 is as follows (in thousands):

Year ending December 31, 2025	$	70,672
Year ending December 31, 2026		70,672
Year ending December 31, 2027		70,672
Year ending December 31, 2028		70,672
Year ending December 31, 2029		70,672
Thereafter		791,399
Total	$	1,144,759