Quarterly report [Sections 13 or 15(d)]

Goodwill and Other Intangibles (Tables)

v3.25.1
Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by segment

    

    

    

    

   Accumulated   

    

Gross Goodwill

FX Translation

Gross Goodwill

Impairment

Net Goodwill

December 31, 2024

Additions

Adjustment

March 31, 2025

Losses

March 31, 2025

Goodwill, by segment:

Installation

$

1,946,247

$

(63)

$

-

$

1,946,184

$

(762,021)

$

1,184,163

Specialty Distribution

 

928,033

 

1,143

77

 

929,253

 

-

 

929,253

Total goodwill

$

2,874,280

$

1,080

$

77

$

2,875,437

$

(762,021)

$

2,113,416

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, 2025

December 31, 2024

Gross definite-lived intangible assets

    

$

864,771

$

864,693

Accumulated amortization

    

(325,189)

(307,004)

Other intangible assets, net

$

539,582

$

557,689

Schedule of amortization expense

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

Three Months Ended March 31, 

    

2025

    

2024

Amortization expense

$

18,156

$

17,686