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Goodwill and Intangibles | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangibles | GOODWILL AND INTANGIBLES Goodwill The change in carrying amount of goodwill by reporting segment was as follows (in millions):
| Installation |  | Other |  | Consolidated
Goodwill (gross) - January 1, 2025 | $ | 401.9 |  |  | $ | 100.7 |  |  | $ | 502.6 |
Business combinations | 3.6 |  |  | — |  |  | 3.6 |
Other adjustments | 0.7 |  |  | — |  |  | 0.7 |
Goodwill (gross) - June 30, 2025 | 406.2 |  |  | 100.7 |  |  | 506.9 |
Accumulated impairment losses | (70.0) |  |  | — |  |  | (70.0) |
Goodwill (net) - June 30, 2025 | $ | 336.2 |  |  | $ | 100.7 |  |  | $ | 436.9 |
We test goodwill for impairment annually during the fourth quarter of our fiscal year or earlier if there is an impairment indicator. The accumulated impairment losses included within the above table were all associated with the Installation segment and substantially all of the impairment losses were recorded prior to the year ended December 31, 2010. Intangibles, net The following table provides the gross carrying amount, accumulated amortization and net book value for each major class of intangibles (in millions):
| As of June 30, |  | As of December 31,
| 2025 |  | 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Amortized intangibles: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 392.6 |  |  | $ | 221.6 |  |  | $ | 171.0 |  |  | $ | 386.4 |  |  | $ | 207.6 |  |  | $ | 178.8 |
Covenants not-to-compete | 35.1 |  |  | 28.9 |  |  | 6.2 |  |  | 34.6 |  |  | 27.1 |  |  | 7.5 |
Trademarks and tradenames | 141.7 |  |  | 59.7 |  |  | 82.0 |  |  | 139.5 |  |  | 55.3 |  |  | 84.2 |
Backlog | 22.2 |  |  | 21.7 |  |  | 0.5 |  |  | 21.6 |  |  | 21.6 |  |  | — |
Total intangibles | $ | 591.6 |  |  | $ | 331.9 |  |  | $ | 259.7 |  |  | $ | 582.1 |  |  | $ | 311.6 |  |  | $ | 270.5 |
The gross carrying amount of intangibles increased $9.5 million during the six months ended June 30, 2025 primarily due to business combinations. For more information on business combinations, see Note 17, Business Combinations. Remaining estimated aggregate annual amortization expense is as follows (amounts, in millions, are for the fiscal year ended):
Remainder of 2025 | $ | 19.8 |
2026 | 36.1 |
2027 | 31.6 |
2028 | 28.2 |
2029 | 25.4 |
Thereafter | 118.6 |

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- 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
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