As a result of the Company’s change to its reportable segments outlined in Note 4, the Company’s operating segments and reporting units also changed during the six months ended June 28, 2025. The Company performed quantitative impairment assessments of goodwill immediately prior to the change in reporting units and immediately after the change on its new reporting units. The Company used the relative fair value method to reallocate the goodwill to the associated reporting units impacted by the change in reporting units in the quarter.

In performing a quantitative test for impairment of goodwill, we primarily used the income approach method of valuation that includes the discounted cash flow method and the market approach that includes the guideline public company method to determine the fair value of reporting units. Significant assumptions used by management in estimating fair value under the discounted cash flow model include revenue growth rates, long-term revenue growth rates, discount rates, EBITDA margins, capital expenditures, and tax rates. Other assumptions include operating expenses and overhead expenses. Assumptions used to determine fair value under the guideline public company method include the selection of guideline companies and the valuation multiples applied. No impairment charges were recorded during the six months ended June 28, 2025.


(in thousands)	Balance at December 28, 2024		Resegmentation allocation		Acquisitions		Foreign exchange		Balance at June 28, 2025
Maintenance	$	482,446	$	(482,446)	$	—	$	—	$	—
Paint, Collision & Glass	584,086		(584,086)		—		—		—
Platform Services	138,998		(138,998)		—		—		—
Car Wash	197,526		—		—		29,660		227,186
Take 5	—		435,986		2,305		107		438,398
Franchise Brands	—		620,264		—		6,467		626,731
Corporate and Other	—		149,280		—		—		149,280
Total	$	1,403,056	$	—	$	2,305	$	36,234	$	1,441,595