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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Activity The following table provides a summary of goodwill activity:
Goodwill
Balance at December 31, 2022
$1,314,984
Acquisitions
330,977
Impact of exchange rate changes
521
Balance at December 31, 2023
$1,646,482
Acquisitions
999,763
Measurement period adjustments
4,744
Impact of exchange rate changes
(4,313)
Balance at December 31, 2024
$2,646,676
Summary of Changes In Net Carrying Amount of Finite-lived Intangible Assets The net carrying amounts of finite-lived intangible assets are shown in the table below:
As of December 31, 2024
As of December 31, 2023
Cost
Accumulated
Amortization
Net Carrying
Amount
Cost
Accumulated
Amortization
Net Carrying
Amount
Customer
relationships
$2,102,404
$(710,356)
$1,392,048
$1,138,875
$(566,459)
$572,416
Trade names
32,538
(25,201)
7,337
23,669
(22,447)
1,222
Internally
developed
software
103,388
(27,051)
76,337
56,704
(19,672)
37,032
Total
$2,238,330
$(762,608)
$1,475,722
$1,219,248
$(608,578)
$610,670
Estimated Future Amortization For Finite-Lived Intangible Assets The estimated future amortization for finite-
lived intangible assets as of December 31, 2024, was as follows:
Customer
Relationships
Trade Names
Internally Developed
Software
2025
$216,469
$3,560
$15,966
2026
191,450
2,266
16,743
2027
162,056
1,511
15,843
2028
143,347
14,441
2029
126,680
9,450
Thereafter
552,046
3,894
Total
$1,392,048
$7,337
$76,337