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Goodwill and Related Intangible Assets | 3 Months Ended
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Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND RELATED INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the three months ended March 31, 2026 are as follows (in thousands):
| Residential |  | Agtech |  | Infrastructure |  | Total
Balance at December 31, 2025 | $ | 261,747 |  |  | $ | 121,607 |  |  | $ | 31,678 |  |  | $ | 415,032 |
Acquired goodwill | 519,029 |  |  | — |  |  | — |  |  | 519,029 |
Adjustments to prior year acquisitions | (1,609) |  |  | — |  |  | — |  |  | (1,609) |
Foreign currency translation | — |  |  | (233) |  |  | — |  |  | (233) |
Balance at March 31, 2026 | $ | 779,167 |  |  | $ | 121,374 |  |  | $ | 31,678 |  |  | $ | 932,219 |
Goodwill is recognized net of accumulated impairment losses of $133.2 million as of March 31, 2026 and December 31, 2025. The Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company determined that no triggering event had occurred as of March 31, 2026 which would require an interim impairment test to be performed. Intangible Assets Intangible assets consisted of the following (in thousands):
| March 31, 2026 |  | December 31, 2025 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | $ | 19,570 |  |  | $ | — |  |  | $ | 19,570 |  |  | $ | — |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | 123,300 |  |  | 3,526 |  |  | 13,300 |  |  | 2,253 |  |  |
Unpatented technology | 26,648 |  |  | 23,285 |  |  | 26,698 |  |  | 22,851 |  |  |
Customer relationships | 671,098 |  |  | 39,394 |  |  | 139,835 |  |  | 30,743 |  |  |
| 821,046 |  |  | 66,205 |  |  | 179,833 |  |  | 55,847 |  |  |
Total intangible assets | $ | 840,616 |  |  | $ | 66,205 |  |  | $ | 199,403 |  |  | $ | 55,847 |  |  |
The following table summarizes the intangible asset amortization expense (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Amortization expense | $ | 10,333 |  |  | $ | 3,421 |  |  |  |  |
Amortization expense related to intangible assets for the remainder of fiscal 2026 and the next five years thereafter is estimated as follows (in thousands):
| 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | 2031
Amortization expense | $ | 40,746 |  |  | $ | 53,994 |  |  | $ | 53,754 |  |  | $ | 53,692 |  |  | $ | 52,652 |  |  | $ | 52,164 |

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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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