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GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in goodwill by segment for the six months ended June 30, 2025 were as follows (in thousands):
Environmental ServicesSafety-Kleen Sustainability SolutionsTotals
Balance at January 1, 2025$1,296,204 $180,995 $1,477,199 
Measurement period adjustments from prior period acquisitions146 (99)47 
Foreign currency translation1,824 735 2,559 
Balance at June 30, 2025$1,298,174 $181,631 $1,479,805 
The Company assesses goodwill on an annual basis as of December 31 or at an interim date when events or changes in the business environment (“triggering events”) would more likely than not reduce the fair value of a reporting unit below its carrying value. During the period ended June 30, 2025, no such triggering events were identified.
As of June 30, 2025 and December 31, 2024, the Company’s intangible assets consisted of the following (in thousands):
June 30, 2025December 31, 2024
CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Permits$194,062 $128,561 $65,501 $191,921 $123,939 $67,982 
Customer and supplier relationships
698,473 275,162 423,311 697,326 256,657 440,669 
Other intangible assets
120,458 52,080 68,378 120,316 46,490 73,826 
Total amortizable permits and other intangible assets
1,012,993 455,803 557,190 1,009,563 427,086 582,477 
Trademarks and trade names
119,990 — 119,990 119,510 — 119,510 
Total permits and other intangible assets
$1,132,983 $455,803 $677,180 $1,129,073 $427,086 $701,987 
Amortization expense of permits, customer and supplier relationships and other intangible assets was $13.7 million and $27.0 million in the three and six months ended June 30, 2025, respectively. Amortization expense of permits, customer and supplier relationships and other intangible assets was $14.0 million and $26.9 million in the three and six months ended June 30, 2024, respectively.
The expected amortization of the net carrying amount of finite-lived intangible assets at June 30, 2025 was as follows (in thousands):
Years Ending December 31,Expected Amortization
2025 (six months)$26,664 
202651,494 
202749,414 
202848,049 
202946,971 
Thereafter334,598 
$557,190