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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):
Fire SafetySpecialty ProductsTotal
Predecessor
Balance, December 31, 2020
$362,767 $119,274 $482,041 
Business acquired5,385 — 5,385 
Foreign currency translation286 (605)(319)
Balance, November 8, 2021$368,438 $118,669 $487,107 
Successor
Balance, November 9, 2021$871,425 $174,470 $1,045,895 
Foreign currency translation(3,618)(952)(4,570)
Balance, December 31, 2021
867,807 173,518 1,041,325 
Purchase price adjustment under Business Combination Agreement2,356 — 2,356 
Foreign currency translation(9,844)(2,377)(12,221)
Balance, December 31, 2022
$860,319 $171,141 $1,031,460 
Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands):
December 31, 2022
Estimated
Useful Life
(in years)		Gross ValueForeign
Currency
Translation		Accumulated
Amortization		Net Book
Value
Definite Lived Intangible Assets:
Existing technology and patents20$250,000 $(3,029)$(14,153)$232,818 
Customer lists20761,000 (7,451)(43,220)710,329 
Tradenames20101,000 (970)(5,737)94,293 
Balance, December 31, 2022
$1,112,000 $(11,450)$(63,110)$1,037,440 
December 31, 2021
Estimated
Useful Life
(in years)		Gross ValueForeign
Currency
Translation		Accumulated
Amortization		Net Book
Value
Definite Lived Intangible Assets:
Existing technology and patents20$250,000 $(836)$(1,796)$247,368 
Customer lists20761,000 (2,059)(5,482)753,459 
Tradenames20101,000 (268)(727)100,005 
Balance, December 31, 2021
$1,112,000 $(3,163)$(8,005)$1,100,832 
Amortization expense for definite-lived intangible assets for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period was $55.1 million, $8.0 million, $45.4 million and $51.5 million, respectively.
Estimated annual amortization expense of intangible assets for the five years subsequent to December 31, 2022 and thereafter is as follows (in thousands):
Years Ending December 31:
Amount
2023$55,600 
202455,600 
202555,600 
202655,600 
202755,600 
Thereafter759,440 
Total$1,037,440