The changes in the carrying amount of goodwill for both the Service Center segment and the Engineered Solutions segment for the years ended June 30, 2026 and 2025 are as follows:


	Service Center		Engineered Solutions		Total
Balance at July 1, 2024	$	219,574	$	399,821	$	619,395
Goodwill acquired during the year	2,262		77,847		80,109

Other, primarily currency translation	(130)		—		(130)
Balance at June 30, 2025	221,706		477,668		699,374
Goodwill acquired during the year	4,293		1,555		5,848

Other, primarily currency translation	(522)		—		(522)
Balance at June 30, 2026	$	225,477	$	479,223	$	704,700

During 2026, the Company recorded purchase accounting working capital adjustments, which increased the purchase price by $696, increased Goodwill by $1,555 and decreased the fair value of net tangible assets acquired by $859.

The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2026. Based on the assessment performed, the Company concluded that the fair value of all of the reporting units exceeded their carrying amount as of January 1, 2026, therefore no impairment exists.

At June 30, 2026 and 2025, accumulated goodwill impairment losses subsequent to 2002 totaled $64,794 related to the Service Center segment and $167,605 related to the Engineered Solutions segment.

The Company's identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:


June 30, 2026	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	508,292	$	258,375	$	249,917
Trade names	108,357		48,969		59,388

Other	6,651		3,142		3,509
Total Finite-Lived Intangibles	$	623,300	$	310,486	$	312,814


June 30, 2025	Amount		Accumulated Amortization		Net Book Value
Finite-Lived Intangibles:
Customer relationships	$	510,834	$	233,392	$	277,442
Trade names	108,344		41,585		66,759

Other	6,902		2,503		4,399
Total Finite-Lived Intangibles	$	626,080	$	277,480	$	348,600

Amounts include the impact of foreign currency translation. Fully amortized finite-lived identifiable intangible assets are written off in the period when they become fully amortized.

During 2026, the Company acquired identifiable intangible assets with an acquisition cost allocation and weighted-average life as follows:


	Acquisition Cost Allocation		Weighted-Average Life
Customer relationships	$	4,297	20.0

Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable.

Amortization of identifiable intangibles totaled $40,072, $35,581, and $28,923 during 2026, 2025, and 2024, respectively, and is included in selling, distribution, and administrative expense in the statements of consolidated income. Estimated future amortization expense by year (based on the Company’s identifiable intangible assets as of June 30, 2026) for the next five years are as follows: $37,400 for 2027, $34,900 for 2028, $32,800 for 2029, $30,800 for 2030, and $28,700 for 2031.