Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 12. GOODWILL AND INTANGIBLE ASSETS

The following table details amounts related to our goodwill and intangible assets:


		December 31, 2025				December 31, 2024
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	3-20 years	$	191.6	$	170.7	$	194.7	$	163.9
Developed technology	10-20 years		110.3		87.9		114.8		85.9
Trademarks and brand names	3-20 years		24.4		5.8		23.6		4.3
Software	5-7 years		19.7		11.2		19.7		7.8
Non-compete agreements	3-5 years		7.1		2.6		15.9		5.6
Other	Various		7.4		2.9		9.0		0.5
Total		$	360.5	$	281.1	$	377.7	$	268.0
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.8				345.3
Total intangible assets		$	706.3			$	723.0

Goodwill	Indefinite	$	217.8			$	203.2

As of December 31, 2025 and 2024, goodwill totaled $217.6 million and $203.0 million, respectively, within our Architectural Specialties segment, and $0.2 million within our Mineral Fiber segment for the same periods. The increase in goodwill as of December 31, 2025 compared to December 31, 2024 was due to changes in the purchase price allocation for Zahner, and the 2025 acquisitions of Parallel and Geometrik, net of foreign exchange movements.

The following table presents the amortization expense related to our intangible assets for the years ended December 31, 2025, 2024 and 2023:


	2025		2024		2023
Amortization expense	$	25.4	$	19.9	$	15.3

The expected annual amortization expense for the years 2026 through 2030 are as follows:


2026	$	20.6
2027		11.1
2028		9.8
2029		5.6
2030		4.1