| Schedule of Total Purchase Price Consideration of Assets and Liabilities |
For the six months ended June 30, 2026, the Company allocated the total purchase price consideration between tangible assets, identified intangible assets, liabilities and goodwill as follows:
| | | | | | | | | | In Thousands | | Fair Value | | Acquired tangible assets | | $ | 108,955 | | | Identified intangible assets | | 375,400 | | | Liabilities assumed | | (108,076) | | | Goodwill | | 306,015 | | | Total allocable purchase price | | $ | 682,294 | |
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| Schedule of Finite Lived Intangible Assets |
The following table presents the details of the intangible assets acquired in connection with this business combination during the six months ended June 30, 2026 (dollars in thousands), which will be amortized over their estimated useful lives: | | | | | | | | | | | | | | | | | | | Dollars in Thousands | Weighted Average Useful Life | | Estimated Useful Life | | Fair Value | | Customer lists | 16 Years | | 12 to 17 Years | | $ | 303,300 | | | Tradenames | 20 Years | | 20 Years | | 41,000 | | | Technology and patents | 14 Years | | 11 to 14 Years | | 20,900 | | Backlog (1) | 1 Year | | 1 Year | | 10,200 | | | Total acquired intangible assets | 16 Years | | 1 to 20 Years | | $ | 375,400 | |
(1) The acquired backlog intangible asset is presented in customer lists, net of the accompanying condensed consolidated balance sheets. 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. |
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