Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Activity in goodwill was as follows:

	(in thousands)
Balance at December 31, 2022	$	348,836
Acquisitions	48,262
Balance at September 30, 2023	$	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 at December 31, 2022	$	756,028	$	(355,807)	$	400,221	$	42,298	$	442,519
Additions	55,400		—		55,400		—		55,400
Intangible amortization	—		(45,581)		(45,581)		—		(45,581)
Balances at September 30, 2023	$	811,428	$	(401,388)	$	410,040	$	42,298	$	452,338

Definite-lived intangible asset amortization for the remainder of fiscal year 2023 and succeeding fiscal years is estimated as follows:

Fiscal Year	Amount (in thousands)
Remainder of 2023	$	15,445
2024	56,739
2025	51,971
2026	50,991
2027	47,890
2028 and thereafter	187,004
Total	$	410,040