Intangibles (Tables)

6 Months Ended

Jun. 30, 2025

Intangibles

Schedule of changes in carrying amount of customer relationships

			(Unaudited)
	December 31,		June 30,
(in thousands)	2024		2025
Gross carrying value of customer relationships	$	1,555,000		1,555,000
Accumulated amortization of customer relationships		(410,241)		(445,577)
Customer relationships	$	1,144,759		1,109,423

Schedule of future amortization expense

Future amortization expense as of June 30, 2025 is as follows (in thousands):

Remainder of year ending December 31, 2025	$	35,336
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	$	1,109,423