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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, by segment

Goodwill consisted of the following: 

			At June 30,												At December 31,
(in thousands)			2022						2021						2021
North America			$	96,264					$	96,393					$	96,307
Europe			394,761						36,296						36,331
Asia/Pacific			1,313						1,432						1,384
Total			$	492,338					$	134,121					$	134,022

Schedule of net intangible assets, by segment

ntangible assets, net, consisted of the following:

			At June 30, 2022
			Gross						Accumulated						Net
			Carrying						Amortization						Carrying
(in thousands)			Amount						& FX change						Amount
North America			$	46,642					$	(28,063)					$	18,579
Europe			364,241						(25,122)						339,119
Total			$	410,883					$	(53,185)					$	357,698

			At June 30, 2021
			Gross												Net
(in thousands)			Carrying Amount						Accumulated Amortization						Carrying Amount
North America			$	41,003					$	(24,715)					$	16,288
Europe			26,499						(19,038)						7,461
Total			$	67,502					$	(43,753)					$	23,749

			At December 31, 2021
			Gross												Net
(in thousands)			Carrying Amount						Accumulated Amortization						Carrying Amount
North America			$	46,643					$	(26,346)					$	20,297
Europe			26,371						(20,399)						5,972
Total			$	73,014					$	(46,745)					$	26,269

Schedule of estimated future amortization of intangible assets

At June 30, 2022, the estimated future amortization of definite-lived intangible assets was as follows: 

(in thousands)
Remaining six months of 2022			$	10,674
2023			20,290
2024			19,384
2025			19,078
2026			18,416
2027			18,286
Thereafter			162,307
			$	268,435

Changes in the carrying amount of goodwill and intangible assets

The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2022, were as follows: 

									Intangible
(in thousands)			Goodwill						Assets
Balance at December 31, 2021			$	134,022					$	26,269
Acquisition of ETANCO			376,908						358,761
Amortization			—						(6,440)
Foreign exchange			(18,592)						(20,892)
Balance at June 30, 2022			$	492,338					$	357,698

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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