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Goodwill and Other Intangibles | 6 Months Ended
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Jun. 30, 2023
Goodwill and Other Intangibles |
Goodwill and Other Intangibles | 4. GOODWILL AND OTHER INTANGIBLES ​ We have two reporting units which are also our operating and reporting segments: Installation and Specialty Distribution. Both reporting units contain goodwill. Assets acquired and liabilities assumed are assigned to the applicable reporting unit based on whether the acquired assets and liabilities relate to the operations of and determination of the fair value of such unit. Goodwill assigned to the reporting unit is the excess of the fair value of the acquired business over the fair value of the individual assets acquired and liabilities assumed for the reporting unit. ​ In the fourth quarter of 2022, we performed an annual assessment on our goodwill resulting in no impairment and there were no indicators of impairment for the six months ended June 30, 2023. ​ Changes in the carrying amount of goodwill for six months ended June 30, 2023, by segment, were as follows, in thousands:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ |  | Accumulated |  | ​ | ​
​ | ​ | Gross Goodwill | ​ | ​ | ​ | FX Translation | ​ | Gross Goodwill | ​ | Impairment | ​ | Net Goodwill
​ | ​ | December 31, 2022 | ​ | Additions | ​ | Adjustment | ​ | June 30, 2023 | ​ | Losses | ​ | June 30, 2023
Goodwill, by segment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Installation | ​ | $ | 1,826,979 | ​ | $ | 23,568 | ​ | $ | - | ​ | $ | 1,850,547 | ​ | $ | (762,021) | ​ | $ | 1,088,526
Specialty Distribution | ​ |  | 902,036 | ​ |  | - | ​ | ​ | 1,387 | ​ |  | 903,423 | ​ |  | - | ​ |  | 903,423
Total goodwill | ​ | $ | 2,729,015 | ​ | $ | 23,568 | ​ | $ | 1,387 | ​ | $ | 2,753,970 | ​ | $ | (762,021) | ​ | $ | 1,991,949
​ See Note 11 – Business Combinations for goodwill recognized on acquisitions that occurred during the six months ended June 30, 2023. Other intangible assets, net includes customer relationships, non-compete agreements, and trademarks / trade names. The following table sets forth our other intangible assets, in thousands: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ |  | June 30, 2023 | ​ | December 31, 2022
Gross definite-lived intangible assets |  | $ | 797,503 | ​ | $ | 782,316
Accumulated amortization |  | ​ | (201,797) | ​ | ​ | (167,349)
Net definite-lived intangible assets |  | $ | 595,706 | ​ | $ | 614,967
​ The following table sets forth our amortization expense, in thousands:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Amortization expense | ​ | $ | 17,211 | ​ | $ | 16,809 | ​ | $ | 34,107 | ​ | $ | 33,839
​

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