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 |
|