XML 30 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill for the nine months ended September 30, 2025 are as follows (in thousands):
Goodwill
December 31, 2024$189,657 
Acquired in TPI business combination1,145 
Acquired in UNIPEC business combination3,163 
Marble working capital adjustment(5)
AJR valuation adjustment22 
Foreign currency translation3,320 
September 30, 2025$197,302 
The carrying values of the Company’s definite lived intangible assets as of September 30, 2025 are as follows (in thousands):
September 30, 2025Customer
 List
Intellectual PropertyTradename & BrandNon-
 Compete
Total
Weighted-average amortization period20 years12.3 years13.3 years8.3 years
Gross amount$134,374 $28,811 $1,094 $6,944 $171,223 
Accumulated amortization(20,700)(4,200)(334)(2,728)(27,962)
Net balance$113,674 $24,611 $760 $4,216 $143,261 
Amortization expense related to intangible assets was approximately $2.5 million and $7.3 million for the three and nine months ended September 30, 2025, respectively, and $2.0 million and $4.2 million for the three and nine months ended September 30, 2024, respectively. The estimated remaining amortization expense as of September 30, 2025 is as follows (in thousands):
Remainder of 2025$2,482 
20269,923 
20279,867 
20289,820 
20299,788 
Thereafter101,380 
Total$143,261