In the first quarter of 2026, in conjunction with the announced sale of Myers Tire Supply, the Company realigned its organizational structure into a single-segment, as more fully described in Note 1. As a result of this change the Company reallocated goodwill within its Distribution reporting unit using a relative fair value approach for which it determined the remaining goodwill of the Distribution reporting unit pertained to businesses classified as held for sale, as more fully described in Note 3, and no additional goodwill was reallocated to the remaining reporting units within continuing operations.

The change in goodwill for the six months ended June 30, 2026 was as follows:


January 1, 2026	$	241,284
Foreign currency translation		(373	)
June 30, 2026	$	240,911

Intangible amortization expense was $3.3 million for both the quarters ended June 30, 2026 and 2025, and $6.5 million and $6.6 million for the six months ended June 30, 2026 and 2025, respectively. Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, non-competition agreements and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. Indefinite-lived trade names had a carrying value of $31.4 million at both June 30, 2026 and December 31, 2025.