The Company's goodwill is allocated to the Americas reporting unit. During the nine months ended September 30, 2026, the Company recognized $102,384 of goodwill in connection with its acquisition of Copra. The goodwill acquired represents expected synergies from combining the operations of the Company and Copra, including the expansion of the Company's private label capabilities, the addition of vertically integrated manufacturing capacity in Thailand, and future growth opportunities arising from the acquired business. The purchase price allocation remains preliminary and the amount of goodwill recognized may change during the measurement period as the Company finalizes the fair values of the assets acquired and liabilities assumed. Certain goodwill balances are deductible for income tax purposes; however, the goodwill recognized in connection with the Copra acquisition is not expected to be deductible for income tax purposes. No goodwill impairment charges have been recognized through September 30, 2026 in accordance with ASC Topic 350 - Intangibles, Goodwill & Other.

In connection with the Copra acquisition, the Company recognized customer relationship, trade name and trademarks intangible assets. The following table summarizes the gross carrying amounts and accumulated amortization of the Company's intangible assets by major class as of September 30, 2026.


	September 30, 2026
Intangible Asset	Fair Value		Accumulated Amortization		Net		Useful Life
Private label customer relationships	$	87,000	$	(842)	$	86,158	20 years
Retail customer relationships	2,700		(44)		2,656		12 years
Private label trade name	7,600		(98)		7,502		15 years
Retail trademarks	10,800		—		10,800		Indefinite
Total identifiable intangible assets	108,100		(984)		107,116

Amortization expense of $984 associated with intangible assets was recorded for both the three and nine months ended September 30, 2026, which were included in selling, general and administrative expenses on the condensed consolidated statements of operations.