Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.25.0.1
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