v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in goodwill by segment for the three months ended March 31, 2026 were as follows (in thousands):
Environmental ServicesSafety-Kleen Sustainability SolutionsTotals
Balance at January 1, 2026$1,297,478 $181,572 $1,479,050 
Increase from current period acquisition
76,823 — 76,823 
Foreign currency translation(576)(235)(811)
Balance at March 31, 2026$1,373,725 $181,337 $1,555,062 
The Company assesses goodwill for impairment on an annual basis as of December 31 or at an interim date when it is more likely than not that events or changes in the business environment (“triggering events”) would reduce the fair value of a reporting unit below its carrying value. During the period ended March 31, 2026, no such triggering events were identified.
As of March 31, 2026 and December 31, 2025, the Company’s intangible assets consisted of the following (in thousands):
March 31, 2026December 31, 2025
CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Permits$195,724 $133,851 $61,873 $196,224 $132,308 $63,916 
Customer and supplier relationships
720,514 284,028 436,486 698,381 292,813 405,568 
Other intangible assets
121,009 60,085 60,924 121,030 57,438 63,592 
Total amortizable permits and other intangible assets
1,037,247 477,964 559,283 1,015,635 482,559 533,076 
Trademarks and trade names
119,798 — 119,798 119,951 — 119,951 
Total permits and other intangible assets
$1,157,045 $477,964 $679,081 $1,135,586 $482,559 $653,027 
Amortization expense of permits, customer and supplier relationships and other intangible assets was $13.7 million and $13.3 million in the three months ended March 31, 2026 and March 31, 2025, respectively.
The expected amortization of the net carrying amount of finite-lived intangible assets at March 31, 2026 was as follows (in thousands):
Years Ending December 31,Expected Amortization
2026 (nine months)$41,795 
202754,184 
202852,816 
202951,738 
203041,163 
Thereafter317,587 
$559,283