XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes to Goodwill | The changes in goodwill by segment for the six months ended June 30, 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 | 193,712 |  |  | 2,077 |  |  | 195,789 |
Measurement period adjustments from prior period acquisitions | 218 |  |  | — |  |  | 218 |
Foreign currency translation | (1,181) |  |  | (477) |  |  | (1,658) |
Balance at June 30, 2024 | $ | 1,304,762 |  |  | $ | 177,323 |  |  | $ | 1,482,085 |
Schedule of Finite-Lived Intangible Assets | As of June 30, 2024 and December 31, 2023, the Company’s intangible assets consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Permits | $ | 192,138 |  |  | $ | 121,085 |  |  | $ | 71,053 |  |  | $ | 191,747 |  |  | $ | 117,556 |  |  | $ | 74,191 |
Customer and supplier relationships | 706,721 |  |  | 244,082 |  |  | 462,639 |  |  | 604,994 |  |  | 258,879 |  |  | 346,115 |
Other intangible assets | 114,078 |  |  | 40,281 |  |  | 73,797 |  |  | 100,068 |  |  | 37,862 |  |  | 62,206 |
Total amortizable permits and other intangible assets | 1,012,937 |  |  | 405,448 |  |  | 607,489 |  |  | 896,809 |  |  | 414,297 |  |  | 482,512 |
Trademarks and trade names | 119,974 |  |  | — |  |  | 119,974 |  |  | 120,285 |  |  | — |  |  | 120,285 |
Total permits and other intangible assets | $ | 1,132,911 |  |  | $ | 405,448 |  |  | $ | 727,463 |  |  | $ | 1,017,094 |  |  | $ | 414,297 |  |  | $ | 602,797 |
Summary of Indefinite-Lived Intangible Assets | As of June 30, 2024 and December 31, 2023, the Company’s intangible assets consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Permits | $ | 192,138 |  |  | $ | 121,085 |  |  | $ | 71,053 |  |  | $ | 191,747 |  |  | $ | 117,556 |  |  | $ | 74,191 |
Customer and supplier relationships | 706,721 |  |  | 244,082 |  |  | 462,639 |  |  | 604,994 |  |  | 258,879 |  |  | 346,115 |
Other intangible assets | 114,078 |  |  | 40,281 |  |  | 73,797 |  |  | 100,068 |  |  | 37,862 |  |  | 62,206 |
Total amortizable permits and other intangible assets | 1,012,937 |  |  | 405,448 |  |  | 607,489 |  |  | 896,809 |  |  | 414,297 |  |  | 482,512 |
Trademarks and trade names | 119,974 |  |  | — |  |  | 119,974 |  |  | 120,285 |  |  | — |  |  | 120,285 |
Total permits and other intangible assets | $ | 1,132,911 |  |  | $ | 405,448 |  |  | $ | 727,463 |  |  | $ | 1,017,094 |  |  | $ | 414,297 |  |  | $ | 602,797 |
Schedule of Expected Amortization for the Net Carrying Amount of Finite Lived Intangible Assets | The expected amortization of the net carrying amount of finite-lived intangible assets at June 30, 2024 was as follows (in thousands):
Years Ending December 31, | Expected Amortization
2024 (six months) | $ | 27,418 |
2025 | 52,546 |
2026 | 50,657 |
2027 | 48,576 |
2028 | 47,260 |
Thereafter | 381,032 |
| $ | 607,489 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration