Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

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)	2024		2023
Balance, beginning of period	$	397,098	$	348,836
Acquisitions	—		48,262
Balance, end of period	$	397,098	$	397,098

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, 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
Adjustments	2,409		—		2,409		—		2,409
Intangible amortization	—		(56,299)		(56,299)		—		(56,299)
Balances of December 31, 2024	$	809,064	$	(473,133)	$	335,931	$	42,298	$	378,229

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

Fiscal Year	Amount (in thousands)
2025	$	51,777
2026	50,797
2027	47,695
2028	42,033
2029	36,440
2030 and thereafter	107,189
Total	$	335,931

At December 31, 2024, the weighted average estimated remaining amortization period for definite-lived intangible assets was 7.5 years.