XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Goodwill | The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):
| Fire Safety |  | Specialty Products |  | Total
Balance, December 31, 2021 | $ | 867,807 |  |  | $ | 173,518 |  |  | $ | 1,041,325 |
Purchase price adjustment under Business Combination Agreement | 2,356 |  |  | — |  |  | 2,356 |
Foreign currency translation | (9,844) |  |  | (2,377) |  |  | (12,221) |
Balance, December 31, 2022 | $ | 860,319 |  |  | $ | 171,141 |  |  | $ | 1,031,460 |
Foreign currency translation | 3,570 |  |  | 1,249 |  |  | 4,819 |
Balance, December 31, 2023 | $ | 863,889 |  |  | $ | 172,390 |  |  | $ | 1,036,279 |
Schedule of Definite Lived Intangible Assets | Intangible assets and related accumulated amortization as of December 31, 2023 and 2022 are as follows (in thousands):
| December 31, 2023
| Estimated Useful Life (in years) |  | Gross Value |  | Impairment |  | Foreign Currency Translation |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |
Customer lists | 20 |  | $ | 761,000 |  |  | $ | — |  |  | $ | (5,294) |  |  | $ | (80,920) |  |  | $ | 674,786 |
Technology and patents | 20 |  | 250,000 |  |  | (40,738) |  |  | (2,096) |  |  | (26,513) |  |  | 180,653 |
Tradenames | 20 |  | 101,000 |  |  | — |  |  | (691) |  |  | (10,741) |  |  | 89,568 |
Balance, December 31, 2023 |  |  | $ | 1,112,000 |  |  | $ | (40,738) |  |  | $ | (8,081) |  |  | $ | (118,174) |  |  | $ | 945,007 |
| December 31, 2022
| Estimated Useful Life (in years) |  | Gross Value |  | Foreign Currency Translation |  | Accumulated Amortization |  | Net Book Value
Definite Lived Intangible Assets: |  |  |  |  |  |  |  |  |
Customer lists | 20 |  | $ | 761,000 |  |  | $ | (7,451) |  |  | $ | (43,220) |  |  | $ | 710,329 |
Technology and patents | 20 |  | 250,000 |  |  | (3,029) |  |  | (14,153) |  |  | 232,818 |
Tradenames | 20 |  | 101,000 |  |  | (970) |  |  | (5,737) |  |  | 94,293 |
Balance, December 31, 2022 |  |  | $ | 1,112,000 |  |  | $ | (11,450) |  |  | $ | (63,110) |  |  | $ | 1,037,440 |
Schedule of Intangible Asset Future Amortization Expense | Estimated annual amortization expense of intangible assets for the five years subsequent to December 31, 2023 and thereafter is as follows (in thousands):
Years Ending December 31: |  | Amount
2024 |  | $ | 53,350 |
2025 |  | 53,350 |
2026 |  | 53,350 |
2027 |  | 53,350 |
2028 |  | 53,350 |
Thereafter |  | 678,257 |
Total |  | $ | 945,007 |

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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + 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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + 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 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration