v3.24.0.1
Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by segment

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Changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022, by segment, were as follows, in thousands:

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   Accumulated   

    

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​

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​

Gross Goodwill

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​

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FX Translation

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Gross Goodwill

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Impairment

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Net Goodwill

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​

December 31, 2022

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Additions/Disposals

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Adjustment

​

December 31, 2023

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Losses

​

December 31, 2023

Goodwill, by segment:

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​

​

​

​

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Installation

​

$

1,826,979

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$

74,181

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$

-

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$

1,901,160

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$

(762,021)

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$

1,139,139

Specialty Distribution

​

 

902,036

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-

​

​

1,393

​

 

903,429

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-

​

 

903,429

Total goodwill

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$

2,729,015

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$

74,181

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$

1,393

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$

2,804,589

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$

(762,021)

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$

2,042,568

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   Accumulated   

    

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Gross Goodwill

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​

​

FX Translation

​

Gross Goodwill

​

Impairment

​

Net Goodwill

​

​

December 31, 2021

​

Additions

​

Adjustment

​

December 31, 2022

​

Losses

​

December 31, 2022

Goodwill, by segment:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Installation

​

$

1,818,872

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$

8,107

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$

-

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$

1,826,979

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$

(762,021)

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$

1,064,958

Specialty Distribution

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892,912

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10,585

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​

(1,461)

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902,036

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-

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902,036

Total goodwill

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$

2,711,784

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$

18,692

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$

(1,461)

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$

2,729,015

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$

(762,021)

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$

1,966,994

Schedule of other intangible assets

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The following table sets forth our other intangible assets, in thousands:  

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As of December 31,

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2023

​

2022

​

2021

Gross definite-lived intangible assets

    

$

827,793

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$

782,316

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$

783,843

Accumulated amortization

    

​

(236,735)

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​

(167,349)

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​

(99,634)

Other intangible assets, net

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$

591,058

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$

614,967

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$

684,209

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​

​

​

​

​

​

​

​

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Amortization expense

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$

69,139

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$

67,620

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$

36,501

Schedule of other intangible assets

The following table sets forth a detail of our intangible assets as of December 31, 2023, in thousands:

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Gross Definite-Lived Intangible Assets

    

Accumulated Amortization

    

Net Definite-Lived Intangible Assets

Trademarks

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​

​

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$

46,775

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$

(18,951)

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$

27,824

Customer relationships

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​

​

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​

773,099

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(210,029)

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​

563,070

Non-compete

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​

​

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​

7,919

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(7,755)

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​

164

Total

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​

​

​

$

827,793

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$

(236,735)

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$

591,058

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The following table sets forth a detail of our intangible assets as of December 31, 2022, in thousands:

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​

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​

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Gross Definite-Lived Intangible Assets

    

Accumulated Amortization

    

Net Definite-Lived Intangible Assets

Trademarks

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​

​

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$

44,047

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$

(13,513)

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$

30,534

Customer relationships

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​

​

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​

730,550

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(146,192)

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​

584,358

Non-compete

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​

​

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​

7,719

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(7,644)

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​

75

Total

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​

​

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$

782,316

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$

(167,349)

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$

614,967

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Future amortization expense related to definite-lived intangible assets

The following table sets forth the amortization expense related to the definite-lived intangible assets during each of the next five years, in thousands:

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Amortization
Expense

2024

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$

70,636

2025

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​

70,636

2026

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​

70,636

2027

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​

69,417

2028

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​

68,921

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