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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in goodwill by segment for the three months ended March 31, 2024 were as follows (in thousands):
| Environmental Services |  | Safety-Kleen Sustainability Solutions |  | Totals
Balance at January 1, 2024 | $ | 1,112,013 |  |  | $ | 175,723 |  |  | $ | 1,287,736 |
Increase from current period acquisitions | 195,265 |  |  | 5,744 |  |  | 201,009 |
Measurement period adjustments from prior period acquisitions | 218 |  |  | — |  |  | 218 |
Foreign currency translation | (815) |  |  | (327) |  |  | (1,142) |
Balance at March 31, 2024 | $ | 1,306,681 |  |  | $ | 181,140 |  |  | $ | 1,487,821 |
The Company assesses goodwill on an annual basis as of December 31 or at an interim date when events or changes in the business environment (“triggering events”) would more likely than not reduce the fair value of a reporting unit below its carrying value. During the period ended March 31, 2024, no such triggering events were identified. As of March 31, 2024 and December 31, 2023, the Company’s intangible assets consisted of the following (in thousands):
| March 31, 2024 |  | December 31, 2023
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Permits | $ | 191,130 |  |  | $ | 119,219 |  |  | $ | 71,911 |  |  | $ | 191,747 |  |  | $ | 117,556 |  |  | $ | 74,191 |
Customer and supplier relationships | 739,675 |  |  | 262,894 |  |  | 476,781 |  |  | 604,994 |  |  | 258,879 |  |  | 346,115 |
Other intangible assets | 112,336 |  |  | 41,123 |  |  | 71,213 |  |  | 100,068 |  |  | 37,862 |  |  | 62,206 |
Total amortizable permits and other intangible assets | 1,043,141 |  |  | 423,236 |  |  | 619,905 |  |  | 896,809 |  |  | 414,297 |  |  | 482,512 |
Trademarks and trade names | 120,070 |  |  | — |  |  | 120,070 |  |  | 120,285 |  |  | — |  |  | 120,285 |
Total permits and other intangible assets | $ | 1,163,211 |  |  | $ | 423,236 |  |  | $ | 739,975 |  |  | $ | 1,017,094 |  |  | $ | 414,297 |  |  | $ | 602,797 |
Amortization expense of permits, customer and supplier relationships and other intangible assets was $12.9 million and $12.7 million in the three months ended March 31, 2024 and March 31, 2023, respectively. The expected amortization of the net carrying amount of finite-lived intangible assets at March 31, 2024 was as follows (in thousands):
Years Ending December 31, | Expected Amortization
2024 (nine months) | $ | 37,463 |
2025 | 47,957 |
2026 | 45,383 |
2027 | 43,304 |
2028 | 42,044 |
Thereafter | 403,754 |
| $ | 619,905 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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