| Summary of Intangible Assets |
The following table presents intangible assets as of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
December 31, 2023 |
|
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
|
(in thousands) |
|
Customer relationships |
|
$ |
2,187,855 |
|
|
$ |
(1,134,491 |
) |
|
$ |
2,105,730 |
|
|
$ |
(912,865 |
) |
Trade names |
|
|
64,500 |
|
|
|
(42,129 |
) |
|
|
64,500 |
|
|
|
(36,459 |
) |
Non-compete agreements |
|
|
13,050 |
|
|
|
(8,028 |
) |
|
|
13,050 |
|
|
|
(6,223 |
) |
Developed technology |
|
|
95,600 |
|
|
|
(33,234 |
) |
|
|
95,600 |
|
|
|
(25,160 |
) |
Total intangible assets |
|
$ |
2,361,005 |
|
|
$ |
(1,217,882 |
) |
|
$ |
2,278,880 |
|
|
$ |
(980,707 |
) |
|
| Estimated Amortization Expense for Intangible Assets |
The following table presents the estimated amortization expense for intangible assets for the years ending December 31:
|
|
|
|
|
|
|
(in thousands) |
|
2024 (from October 1, 2024) |
|
$ |
66,656 |
|
2025 |
|
|
243,297 |
|
2026 |
|
|
211,067 |
|
2027 |
|
|
156,970 |
|
2028 |
|
|
124,052 |
|
Thereafter |
|
|
341,081 |
|
Total future intangible amortization expense |
|
$ |
1,143,123 |
|
|