Quarterly report [Sections 13 or 15(d)]

Goodwill

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Goodwill
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
7. Goodwill:
The change in the carrying amount of goodwill for the six months ended June 30, 2026 is summarized as follows:
Balance as of December 31, 2025 $ 326,744 
Goodwill recognized (Note 8) 71,524 
Balance as of June 30, 2026 $ 398,268 
The Company completes its annual goodwill and indefinite-lived intangible assets impairment test during the fourth quarter of each year, or more frequently if triggering events indicate a possible impairment. The Company determined the fair value of its reporting unit using both a market approach and an income, or discounted cash flow, approach. As of October 1, 2025, the date of the Company’s most recent quantitative assessments, the fair value of the Company’s reporting unit and the fair value of the Company’s indefinite-lived trade names and trademarks exceeded their respective carrying values.
During the six months ended June 30, 2026, the Company did not identify any events or circumstances that would more likely than not reduce the fair value of the Company’s reporting unit below its carrying value.