| GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reportable segment are as follows: | | | | | | | | | | | | | | | | | | | In Thousands | Fire Safety | | Specialty Products | | Total | Balance, December 31, 2025 | $ | 866,032 | | | $ | 199,179 | | | $ | 1,065,211 | | | Acquisitions | — | | | 303,768 | | | 303,768 | | | | | | | | Measurement period adjustments (1) | — | | | 2,247 | | | 2,247 | | | Foreign currency translation | (4,369) | | | (1,133) | | | (5,502) | | Balance, June 30, 2026 | $ | 861,663 | | | $ | 504,061 | | | $ | 1,365,724 | |
| | | | | | | (1) | See Note 4 - Business Combinations for additional information. |
Intangible assets and related accumulated amortization as of June 30, 2026 and December 31, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Dollars in Thousands | Estimated
Useful Life
(in years) | | Gross Value | | Accumulated Impairment | | Foreign
Currency
Translation | | Accumulated
Amortization | | Net Book
Value | | Definite Lived Intangible Assets: | | | | | | | | | | | | | | | Customer lists | 1 | to | 20 | | $ | 1,103,500 | | | $ | — | | | $ | (10,243) | | | $ | (188,323) | | | $ | 904,934 | | | Technology and patents | 4 | to | 20 | | 302,326 | | | (40,738) | | | 994 | | | (67,045) | | | 195,537 | | | Tradenames | 8 | to | 20 | | 149,100 | | | — | | | (1,878) | | | (24,158) | | | 123,064 | | Balance, June 30, 2026 | | | | | $ | 1,554,926 | | | $ | (40,738) | | | $ | (11,127) | | | $ | (279,526) | | | $ | 1,223,535 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Dollars in Thousands | Estimated
Useful Life
(in years) | | Gross Value | | Accumulated Impairment | | Foreign
Currency
Translation | | Accumulated
Amortization | | Net Book
Value | | Definite Lived Intangible Assets: | | | | | | | | | | | | | | | Customer lists | 8 | to | 20 | | $ | 790,000 | | | $ | — | | | $ | (5,511) | | | $ | (156,300) | | | $ | 628,189 | | Technology and patents (1) | 4 | to | 20 | | 281,426 | | | (40,738) | | | (28) | | | (55,856) | | | 184,804 | | | Tradenames | 8 | to | 20 | | 108,100 | | | — | | | (1,024) | | | (20,746) | | | 86,330 | | Balance, December 31, 2025 | | | | | $ | 1,179,526 | | | $ | (40,738) | | | $ | (6,563) | | | $ | (232,902) | | | $ | 899,323 | |
| | | | | | | (1) | In May 2025, the Company settled its trade secret litigation with a subsidiary of Compass Minerals International, Inc. and simultaneously acquired related intangible assets, property, plant and equipment, and inventories. The total purchase consideration for the asset acquisition was $20.0 million in cash, of which $15.2 million was allocated to the technology-related intangible assets. The acquired technology-related intangible assets will be amortized on a straight-line basis over its estimated useful life of 4 years. |
Amortization expense for definite-lived intangible assets was $24.0 million and $46.6 million for the three and six months ended June 30, 2026, respectively, and $14.6 million and $28.7 million, for the three and six months ended June 30, 2025, respectively.
|