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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill for the six months ended June 30, 2025 were as follows:
| Americas |  | EMEA |  | Asia/Pacific |  | Total |  |
Balance as of December 31, 2024 | $ | 276,875 |  | $ | 80,404 |  | $ | 161,615 |  | $ | 518,894 |  |
Goodwill recognized for Dipsol acquisition | 5,276 |  |  | 380 |  |  | 47,206 |  |  | 52,862 |  |
Goodwill recognized for Natech acquisition | — |  |  | 2,625 |  |  | — |  |  | 2,625 |  |
Goodwill recognized for CSI acquisition | — |  |  | 1,721 |  |  | — |  |  | 1,721 |  |
Goodwill recognized for Sutai acquisition (1) | — |  |  | — |  |  | (233) |  |  | (233) |  |
Currency translation adjustments | 3,454 |  |  | 3,710 |  |  | 8,245 |  |  | 15,409 |  |
Goodwill impairments | — |  |  | (88,840) |  |  | — |  |  | (88,840) |  |
Balance as of June 30, 2025 | $ | 285,605 |  |  | $ | — |  |  | $ | 216,833 |  |  | $ | 502,438 |  |  |
(1) During the six months ended June 30, 2025, the Company finalized the working capital settlements which impacted the goodwill recorded. See Note 2, Business Acquisitions, for additional information.
| Jun 30, 2025 |  | Dec 31, 2024 |
Goodwill, gross | $ | 694,922 |  |  | $ | 611,498 |  |
Accumulated impairment losses (1) | (192,484) |  |  | (92,604) |  |
Goodwill, net | $ | 502,438 |  |  | $ | 518,894 |  |
(1) Accumulated impairment losses are attributable to the non-cash impairment charges of $88.8 million and $93.0 million to write down the carrying value of the EMEA reporting unit during the second quarter of 2025 and the fourth quarter of 2022, respectively. These amounts include the impact of currency translation.
Schedule of Finite-Lived Intangible Assets | Gross carrying amounts and accumulated amortization for definite-lived intangible assets were as follows:
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
| June 30, 2025 |  | December 31, 2024 |  | June 30, 2025 |  | December 31, 2024 |  | June 30, 2025 |  | December 31, 2024
Customer lists and rights to sell | $ | 901,686 |  | $ | 829,255 |  | $ | 324,711 |  | $ | 285,450 |  | $ | 576,975 |  | $ | 543,805
Trademarks, formulations and product technology | 201,453 |  | 160,257 |  | 71,439 |  | 62,373 |  | 130,014 |  | 97,884
Other | 5,856 |  | 5,759 |  | 5,769 |  | 5,663 |  | 87 |  | 96
Total definite-lived intangible assets | $ | 1,108,995 |  | $ | 995,271 |  | $ | 401,919 |  | $ | 353,486 |  | $ | 707,076 |  | $ | 641,785
Schedule of Finite-lived Intangible Assets Amortization Expense | The Company recorded amortization expense as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Amortization expense | $ | 16,088 |  |  | $ | 14,744 |  |  | $ | 30,325 |  |  | $ | 29,215 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated annual aggregate amortization expense for the current year and subsequent five years is as follows:
For the remainder of 2025 | $ | 33,109
For the year ended December 31, 2026 | 63,917
For the year ended December 31, 2027 | 63,577
For the year ended December 31, 2028 | 63,105
For the year ended December 31, 2029 | 61,969
For the year ended December 31, 2030 | 59,665

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