Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles (Tables)

v3.23.2
Goodwill and Other Intangibles (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by segment

Changes in the carrying amount of goodwill for six months ended June 30, 2023, by segment, were as follows, in thousands:

    

    

    

    

   Accumulated   

    

Gross Goodwill

FX Translation

Gross Goodwill

Impairment

Net Goodwill

December 31, 2022

Additions

Adjustment

June 30, 2023

Losses

June 30, 2023

Goodwill, by segment:

Installation

$

1,826,979

$

23,568

$

-

$

1,850,547

$

(762,021)

$

1,088,526

Specialty Distribution

 

902,036

 

-

1,387

 

903,423

 

-

 

903,423

Total goodwill

$

2,729,015

$

23,568

$

1,387

$

2,753,970

$

(762,021)

$

1,991,949

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

    

June 30, 2023

December 31, 2022

Gross definite-lived intangible assets

    

$

797,503

$

782,316

Accumulated amortization

    

(201,797)

(167,349)

Net definite-lived intangible assets

    

$

595,706

$

614,967

Schedule of amortization expense

As of

    

June 30, 2023

December 31, 2022

Gross definite-lived intangible assets

    

$

797,503

$

782,316

Accumulated amortization

    

(201,797)

(167,349)

Net definite-lived intangible assets

    

$

595,706

$

614,967