XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.25.4

Note 9 - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2025
Notes to Financial Statements |
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, 2025 and 2024 are as follows:
|  | Domestic |  |  | International |  |  | Total |
Balance as of December 31, 2023 |  | $ | 1,018,528 |  |  | $ | 413,856 |  |  | $ | 1,432,384 |
Acquisitions of businesses, net |  |  | 22,641 |  |  |  | - |  |  |  | 22,641 |
Foreign currency translation rate changes |  |  | (22 | ) |  |  | (18,742 | ) |  |  | (18,764 | )
Balance as of December 31, 2024 |  |  | 1,041,147 |  |  |  | 395,114 |  |  |  | 1,436,261 |
Purchase accounting adjustments |  |  | (6,182 | ) |  |  | 310 |  |  |  | (5,872 | )
Foreign currency translation rate changes |  |  | 112 |  |  |  | 36,593 |  |  |  | 36,705 |
Balance as of December 31, 2025 |  | $ | 1,035,077 |  |  | $ | 432,017 |  |  | $ | 1,467,094 |
Refer to Note 3, “Acquisitions,” to the consolidated financial statements of this Annual Report on Form 10-K for further information regarding the Company’s acquisitions. Goodwill applicable to each reportable segment as of December 31, 2025 and 2024 is as follows:
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Gross |  |  | Accumulated Impairment |  |  | Net |  |  | Gross |  |  | Accumulated Impairment |  |  | Net |
Domestic |  | $ | 1,538,270 |  |  | $ | (503,193 | ) |  | $ | 1,035,077 |  |  | $ | 1,544,340 |  |  | $ | (503,193 | ) |  | $ | 1,041,147 |
International |  |  | 436,628 |  |  |  | (4,611 | ) |  |  | 432,017 |  |  |  | 399,725 |  |  |  | (4,611 | ) |  |  | 395,114 |
Total |  | $ | 1,974,898 |  |  | $ | (507,804 | ) |  | $ | 1,467,094 |  |  | $ | 1,944,065 |  |  | $ | (507,804 | ) |  | $ | 1,436,261 |
The following table summarizes intangible assets by major category as of December 31, 2025 and 2024:
|  |  |  |  |  | December 31, 2025 |  |  | December 31, 2024 |
|  | Weighted Average Amortization Years |  |  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 15 |  |  | $ | 162,098 |  |  | $ | (89,942 | ) |  | $ | 72,156 |  |  | $ | 160,473 |  |  | $ | (81,083 | ) |  | $ | 79,390 |
Customer lists |  |  | 13 |  |  |  | 602,526 |  |  |  | (475,009 | ) |  |  | 127,517 |  |  |  | 591,745 |  |  |  | (439,008 | ) |  |  | 152,737 |
Patents and technology |  |  | 14 |  |  |  | 678,953 |  |  |  | (340,645 | ) |  |  | 338,308 |  |  |  | 673,425 |  |  |  | (294,330 | ) |  |  | 379,095 |
Software |  |  | - |  |  |  | 1,046 |  |  |  | (1,046 | ) |  |  | - |  |  |  | 1,046 |  |  |  | (1,046 | ) |  |  | - |
Non-compete/other |  |  | 5 |  |  |  | 76,568 |  |  |  | (66,557 | ) |  |  | 10,011 |  |  |  | 76,251 |  |  |  | (56,225 | ) |  |  | 20,026 |
Total finite-lived intangible assets |  |  |  |  |  | $ | 1,521,191 |  |  | $ | (973,199 | ) |  | $ | 547,992 |  |  | $ | 1,502,940 |  |  | $ | (871,692 | ) |  | $ | 631,248 |
Indefinite-lived tradenames |  |  |  |  |  |  | 127,274 |  |  |  | - |  |  |  | 127,274 |  |  |  | 127,274 |  |  |  | - |  |  |  | 127,274 |
Total intangible assets |  |  |  |  |  | $ | 1,648,465 |  |  | $ | (973,199 | ) |  | $ | 675,266 |  |  | $ | 1,630,214 |  |  | $ | (871,692 | ) |  | $ | 758,522 |
Amortization expense of intangible assets was $101,507, $97,743, and $104,194 in 2025, 2024 and 2023, respectively. Excluding the impact of future acquisitions or divestitures, the Company estimates amortization expense for the next five years to be as follows: 2026 - $103,153; 2027 - $58,853; 2028 - $53,033; 2029 - $48,024; 2030 - $43,998.

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration