GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table summarizes changes in goodwill during the nine months ended September 30, 2023, and the twelve months ended December 31, 2022 (in thousands):

Goodwill:
Balance at December 31, 2021	$	786,504
Additions	64,997
Measurement adjustments	(9)
Adjustments due to currency translation	(4,788)
Balance at December 31, 2022	846,704
Additions	209,487
Measurement adjustments	522
Adjustments due to currency translation	(2,748)
Balance at September 30, 2023	$	1,053,965

Schedule of Components of Indefinite-lived and Amortizable Intangible Assets

The following table sets forth the components of indefinite-lived and amortizable intangible assets as of September 30, 2023, and December 31, 2022 (in thousands):

	September 30, 2023						December 31, 2022
	Gross		Accumulated Amortization		Carrying Value		Gross		Accumulated Amortization		Carrying Value		Useful Life in Years
Amortizable intangible assets:
Customer contracts	$	623,917	$	(221,568)	$	402,349	$	502,689	$	(204,130)	$	298,559	3-20
Trademarks and tradenames	19,805		(9,322)		10,483		17,351		(10,009)		7,342		7-20
Non-compete agreements	14,141		(9,118)		5,023		14,180		(8,226)		5,954		3-20
Patents	6,888		(6,877)		11		6,934		(6,802)		132		3-15
Other assets	1,904		(1,830)		74		2,016		(1,786)		230		10
Total amortizable intangible assets	$	666,655	$	(248,715)	417,940		$	543,170	$	(230,953)	312,217
Indefinite-lived intangible assets:
Trademarks and tradenames					139,732						104,304
Internet domains					2,227						2,227
Total indefinite-lived intangible assets					141,959						106,531
Total customer contracts and other intangible assets					$	559,899					$	418,748

Schedule of Estimated Amortization Expense

Estimated amortization expense for the existing carrying amount of customer contracts and other intangible assets for each of the five succeeding fiscal years as of September 30, 2023 are as follows:

(in thousands)
2023 (excluding the nine months ended September 30, 2023)	$	19,946
2024	76,652
2025	67,846
2026	64,311
2027	60,592