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Note 9 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Text Block]

9.	Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2022 and 2021 are as follows:

	*Domestic*			*International*			*Total*
Balance at December 31, 2020	$	702,535		$	152,693		$	855,228
Acquisitions of businesses, net		293,614			284,447			578,061
Foreign currency translation		(705	)		(22,910	)		(23,615	)
Balance at December 31, 2021		995,444			414,230			1,409,674
Acquisitions of businesses, net		22,128			437			22,565
Foreign currency translation		(915	)		(30,444	)		(31,359	)
Balance at December 31, 2022	$	1,016,657		$	384,223		$	1,400,880

Refer to Note 3, “Acquisitions,” to the consolidated financial statements for further information regarding the Company’s acquisitions.

The details of the gross goodwill applicable to each reportable segment at December 31, 2022 and 2021 are as follows:

	*December 31, 2022*							*December 31, 2021*
	Gross		Accumulated Impairment			Net		Gross		Accumulated Impairment			Net
Domestic	$	1,519,850	$	(503,193	)	$	1,016,657	$	1,498,637	$	(503,193	)	$	995,444
International		388,834		(4,611	)		384,223		418,841		(4,611	)		414,230
Total	$	1,908,684	$	(507,804	)	$	1,400,880	$	1,917,478	$	(507,804	)	$	1,409,674

The following table summarizes intangible assets by major category as of December 31, 2022 and 2021:

			December 31, 2022							December 31, 2021
	Weighted Average Amortization Years		Gross		Accumulated Amortization			Net Book Value		Gross		Accumulated Amortization			Net Book Value
Finite-lived intangible assets:
Tradenames		14	$	157,751	$	(58,821	)	$	98,930	$	162,563	$	(47,353	)	$	115,210
Customer lists		11		577,203		(370,216	)		206,987		573,910		(335,188	)		238,722
Patents and technology		14		665,563		(210,806	)		454,757		662,341		(169,868	)		492,473
Software		-		1,046		(1,046	)		-		1,046		(1,046	)		-
Non-compete/other		5		70,585		(28,866	)		41,719		79,416		(12,980	)		66,436
Total finite-lived intangible assets			$	1,472,148	$	(669,755	)	$	802,393	$	1,479,276	$	(566,435	)	$	912,841
Indefinite-lived tradenames				128,321		-			128,321		128,321		-			128,321
Total intangible assets			$	1,600,469	$	(669,755	)	$	930,714	$	1,607,597	$	(566,435	)	$	1,041,162

Amortization expense of intangible assets was $103,320, $49,886, and $32,280 in 2022, 2021 and 2020, respectively. Excluding the impact of any future acquisitions, the Company estimates amortization expense for the next five years will be as follows: 2023 - $99,512; 2024 - $94,070; 2025 - $89,561; 2026 - $82,392; 2027 - $56,162.