Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles (Tables)

v3.22.1
Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by segment

Changes in the carrying amount of goodwill for the three months ended March 31, 2022, by segment, were as follows, in thousands:

    

    

    

Fx

    

   Accumulated   

    

Gross Goodwill

Translation

Gross Goodwill

Impairment

Net Goodwill

December 31, 2021

Additions

Adjustment

March 31, 2022

Losses

March 31, 2022

Goodwill, by segment:

Installation

$

1,818,872

$

5,348

-

$

1,824,220

$

(762,021)

$

1,062,199

Specialty Distribution

 

892,912

 

5,126

4,060

 

902,098

 

-

 

902,098

Total goodwill

$

2,711,784

$

10,474

$

4,060

$

2,726,318

$

(762,021)

$

1,964,297

Schedule of other intangible assets

Other intangible assets, net includes customer relationships, non-compete agreements, and trademarks / trade names.  The following table sets forth our other intangible assets, in thousands:

As of

    

March 31, 

December 31,

2022

2021

Gross definite-lived intangible assets

    

$

785,288

$

783,843

Accumulated amortization

    

(115,491)

(99,634)

Net definite-lived intangible assets

    

$

669,797

$

684,209

Schedule of amortization expense

The following table sets forth our amortization expense, in thousands:

Three Months Ended March 31, 

    

2022

    

2021

Amortization expense

$

17,825

$

6,143