Schedule of Goodwill |
Changes in the carrying amount of goodwill for the six months ended June 29, 2025 by segment are as follows: | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Manufacturing | | Distribution | | Total | Balance at December 31, 2024 | | $ | 680,246 | | | $ | 116,990 | | | $ | 797,236 | | Acquisitions | | 4,027 | | | — | | | 4,027 | | Adjustments to preliminary purchase price allocations | | 110 | | | 412 | | | 522 | | Balance at June 29, 2025 | | $ | 684,383 | | | $ | 117,402 | | | $ | 801,785 | |
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Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following as of June 29, 2025 and December 31, 2024: | | | | | | | | | | | | | | | ($ in thousands) | | June 29, 2025 | | December 31, 2024 | Customer relationships | | $ | 934,715 | | | $ | 924,720 | | Non-compete agreements | | 26,176 | | | 25,776 | | Patents | | 90,904 | | | 89,641 | | Trademarks | | 226,427 | | | 225,527 | | Intangible assets, gross | | 1,278,222 | | | 1,265,664 | | Less: accumulated amortization | | | | | Customer relationships | | (463,526) | | | (419,358) | | Non-compete agreements | | (21,184) | | | (20,065) | | Patents | | (27,203) | | | (23,352) | | Intangible assets, net | | $ | 766,309 | | | $ | 802,889 | |
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Schedule of Changes in Intangible Assets |
Changes in the carrying value of intangible assets for the six months ended June 29, 2025 by segment are as follows: | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Manufacturing | | Distribution | | Total | Balance at December 31, 2024 | | $ | 671,131 | | | $ | 131,758 | | | $ | 802,889 | | Additions | | 10,963 | | | — | | | 10,963 | | Amortization | | (41,552) | | | (7,586) | | | (49,138) | | Adjustments to preliminary purchase price allocations | | 357 | | | 1,238 | | | 1,595 | | Balance at June 29, 2025 | | $ | 640,899 | | | $ | 125,410 | | | $ | 766,309 | |
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