Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill [Line Items]

Schedule of Gross Amount, Accumulated Impairment Loss, and Carrying Amount of Goodwill

The following table presents the gross amount, accumulated impairment loss and carrying amount of goodwill as of June 30, 2024 and December 31, 2023 (in thousands):

			Accumulated			Net
	Gross Amount		Impairment Loss			Carrying Amount
Balance as of June 30, 2024	$	1,520,926	$	(103,202	)	$	1,417,724
Balance as of December 31, 2023		1,520,926		(103,202	)		1,417,724

Summary of Intangible Assets Balance

The intangible assets balance as of June 30, 2024 is reflected below (in thousands):

		Weighted-
		Average
	Estimated	Remaining		Gross					Net
	Useful Life	Useful Life		Carrying		Accumulated			Carrying
	(Years)	(Years)		Amount		Amortization			Amount
Customer relationships	18		10.8	$	1,291,830	$	(514,938	)	$	776,892
Acquired technologies	7		4.6		184,640		(181,497	)		3,143
Subtotal					1,476,470		(696,435	)		780,035
Trademarks—indefinite life					190,470		—			190,470
Total intangible assets				$	1,666,940	$	(696,435	)	$	970,505

The intangible assets balance as of December 31, 2023 is reflected below (in thousands):

		Weighted-
		Average
	Estimated	Remaining		Gross					Net
	Useful Life	Useful Life		Carrying		Accumulated			Carrying
	(Years)	(Years)		Amount		Amortization			Amount
Customer relationships	16–18		11.3	$	1,291,830	$	(479,054	)	$	812,776
Acquired technologies	3–7		1.7		184,640		(172,840	)		11,800
Subtotal					1,476,470		(651,894	)		824,576
Trademarks—indefinite life					190,470		—			190,470
Total intangible assets				$	1,666,940	$	(651,894	)	$	1,015,046

Schedule of Future Amortization Expense for Intangible Assets

Future amortization expense for the remainder of the year ended December 31, 2024 and the following four years ended December 31 and thereafter for intangible assets as of June 30, 2024 is as follows (in thousands):

Years Ending December 31:
2024		36,227
2025		72,454
2026		72,454
2027		72,454
2028		72,454
Thereafter		453,992
Total	$	780,035