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Note 14 - Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

(14)

Goodwill and Other Intangible Assets

 

The changes in the carrying amount of goodwill for the six months ended June 30, 2025 are as follows (in thousands):

 

   

Goodwill

  
         

December 31, 2024

   $ 189,657  

Marble working capital adjustment

     (5 )

AJR valuation adjustment

     22  

Foreign currency translation

     3,294  

June 30, 2025

   $ 192,968  

 

The carrying values of the Company’s definite lived intangible assets as of June 30, 2025 are as follows (in thousands):

 

June 30, 2025

  

Customer
List

    

Intellectual Property

    

Tradename & Brand

    

Non-
Compete

    

Total

  

Weighted-average amortization period

  

20 years

    

12.3 years

    

13.3 years

    

8.7 years

          

Gross amount

   $ 131,534     $ 28,057     $ 1,093     $ 6,769     $ 167,453  

Accumulated amortization

     (19,019 )     (3,611 )     (313 )     (2,536 )     (25,479 )

Net balance

   $ 112,515     $ 24,446     $ 780     $ 4,233     $ 141,974  

 

Amortization expense related to intangible assets was approximately $2.4 million and $4.8 million for the three and six months ended June 30, 2025, respectively, $1.0 million and $2.0 million for the three and six months ended June 30, 2024, respectively. The estimated remaining amortization expense as of June 30, 2025 is as follows (in thousands):

 

 

Remainder of 2025

   $ 4,847  

2026

     9,692  

2027

     9,636  

2028

     9,589  

2029

     9,557  

Thereafter

     98,653  

Total

   $ 141,974