Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Activity in goodwill was as follows: 

	Years Ended December 31,
(in thousands)	2023		2022
Balance, beginning of period	$	348,836	$	338,406
Acquisitions	48,262		10,430
Balance, end of period	$	397,098	$	348,836

Below is a summary of intangible assets, net: 

	Definite-Lived						Indefinite-Lived		Total
(in thousands)	Gross Book Value		Accumulated Amortization		Net Book Value		Net Book Value		Net Book Value
Balances of December 31, 2021	$	755,576	$	(297,303)	$	458,273	$	42,298	$	500,571
Additions	10,800		—		10,800		—		10,800
Adjustments	(10,348)		—		(10,348)		—		(10,348)
Intangible amortization	—		(58,504)		(58,504)		—		(58,504)
Balances of December 31, 2022	756,028		(355,807)		400,221		42,298		442,519
Additions	55,400		—		55,400		—		55,400
Adjustments	(4,773)		—		(4,773)		—		(4,773)
Intangible amortization	—		(61,027)		(61,027)		—		(61,027)
Balances of December 31, 2023	$	806,655	$	(416,834)	$	389,821	$	42,298	$	432,119

Definite-lived intangible asset amortization for the next five and succeeding fiscal years is estimated as follows:

Fiscal Year	Amount (in thousands)
2024	$	56,299
2025	51,532
2026	50,552
2027	47,450
2028	41,787
2029 and thereafter	142,201
Total	$	389,821

At December 31, 2023, the weighted average estimated remaining amortization period for definite-lived intangible assets was 8.2 years.