XML 41 R32.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill, by segment | Goodwill consisted of the following:
| At September 30, |  | At December 31,
(in thousands) | 2022 |  | 2021 |  | 2021
North America | $ | 96,087 |  |  | $ | 96,306 |  |  | $ | 96,307 |
Europe | 370,669 |  |  | 35,816 |  |  | 36,331 |
Asia/Pacific | 1,234 |  |  | 1,373 |  |  | 1,384 |
Total | $ | 467,990 |  |  | $ | 133,495 |  |  | $ | 134,022 |
Schedule of net intangible assets, by segment | ntangible assets, net, consisted of the following:
| At September 30, 2022
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 46,717 |  |  | $ | (28,922) |  |  | $ | 17,795 |
Europe | 342,407 |  |  | (29,669) |  |  | 312,738 |
Total | $ | 389,124 |  |  | $ | (58,591) |  |  | $ | 330,533 |
| At September 30, 2021
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 41,003 |  |  | $ | (25,563) |  |  | $ | 15,440 |
Europe | 26,361 |  |  | (19,724) |  |  | 6,637 |
Total | $ | 67,364 |  |  | $ | (45,287) |  |  | $ | 22,077 |
| 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 September 30, 2022, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining three months of 2022 | $ | 5,272 |
2023 | 20,275 |
2024 | 19,334 |
2025 | 19,085 |
2026 | 18,422 |
2027 | 18,275 |
Thereafter | 146,392 |
| $ | 247,055 |
Changes in the carrying amount of goodwill and intangible assets | The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2022, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2021 | $ | 134,022 |  |  | $ | 26,269 |
Acquisition of ETANCO | 368,673 |  |  | 357,402 |
Reclassifications | — |  |  | (95) |
Amortization | — |  |  | (11,846) |
Foreign exchange | (34,705) |  |  | (41,197) |
Balance at September 30, 2022 | $ | 467,990 |  |  | $ | 330,533 |

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References 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) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References 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) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration