v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill by Segment
Changes in the carrying amount of goodwill by segment were as follows:
(in thousands)LawsonTestEquityGexpro ServicesCanada Branch DivisionTotal
Balance at December 31, 2025$192,875 $164,880 $57,974 $52,176 $467,905 
Acquisitions(1)
— — — 8,506 8,506 
Impact of foreign exchange rates(201)— (430)(2,117)(2,748)
Balance at June 30, 2026$192,674 $164,880 $57,544 $58,565 $473,663 
(1)    Refer to Note 3 – Business Acquisitions for information related to measurement period adjustments.
Schedule of Gross Carrying Amount and Accumulated Amortization for Definite-Lived Intangible Assets
The gross carrying amount and accumulated amortization for definite-lived intangible assets were as follows:
June 30, 2026December 31, 2025
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$142,428 $(68,692)$73,736 $141,637 $(60,640)$80,997 
Customer relationships275,610 (144,207)131,403 274,844 (131,341)143,503 
Other (1)
8,244 (6,980)1,264 7,894 (6,339)1,555 
Total$426,282 $(219,879)$206,403 $424,375 $(198,320)$226,055 
(1)    Other primarily consists of non-compete agreements.

Amortization expense for definite-lived intangible assets is included in Selling, general and administrative expenses in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as follows:

Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Amortization expense for intangible assets$11,148 $11,650 $22,152 $23,235 
Schedule of Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for the remaining year 2026 and each of the next four years and thereafter are as follows:
(in thousands)Amortization
Remaining 2026$22,015 
202738,970 
202834,572 
202930,972 
203021,186 
Thereafter58,688 
Total$206,403