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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 6 – Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill by segment were as follows:
(in thousands) |  | Lawson |  | TestEquity |  | Gexpro Services |  | All Other |  | Total
Balance at December 31, 2021 |  | $ | — |  |  | $ | 70,112 |  |  | $ | 34,099 |  |  | $ | — |  |  | $ | 104,211 |
Acquisitions |  | 156,133 |  |  | 43,992 |  |  | 21,849 |  |  | 24,887 |  |  | 246,861 |
Impact of foreign exchange rates |  | (360) |  |  | — |  |  | (527) |  |  | (2,137) |  |  | (3,024) |
Balance at December 31, 2022 |  | 155,773 |  |  | 114,104 |  |  | 55,421 |  |  | 22,750 |  |  | 348,048 |
Acquisitions(1) |  | — |  |  | 50,886 |  |  | — |  |  | — |  |  | 50,886 |
Impact of foreign exchange rates |  | 142 |  |  | — |  |  | 322 |  |  | 527 |  |  | 991 |
Balance at December 31, 2023 |  | $ | 155,915 |  |  | $ | 164,990 |  |  | $ | 55,743 |  |  | $ | 23,277 |  |  | $ | 399,925 |
(1) Refer to Note 3 – Business Acquisitions for information related to measurement period adjustments. Intangible Assets The gross carrying and accumulated amortization for definite-lived intangible assets were as follows:
| December 31, 2023 |  | December 31, 2022
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names | $ | 117,881 |  |  | $ | (30,093) |  |  | $ | 87,788 |  |  | $ | 92,286 |  |  | $ | (17,401) |  |  | $ | 74,885 |
Customer relationships | 233,513 |  |  | (71,215) |  |  | 162,298 |  |  | 192,934 |  |  | (44,481) |  |  | 148,453 |
Other (1) | 8,011 |  |  | (4,263) |  |  | 3,748 |  |  | 7,961 |  |  | (3,305) |  |  | 4,656 |
Total | $ | 359,405 |  |  | $ | (105,571) |  |  | $ | 253,834 |  |  | $ | 293,181 |  |  | $ | (65,187) |  |  | $ | 227,994 |
(1) Other primarily consists of non-compete agreements. Amortization expense for definite-lived intangible assets was $40.3 million in 2023 and $29.1 million in 2022. Amortization expense related to intangible assets was recorded in Selling, general and administrative expenses. The remaining weighted-average useful lives of intangible assets as of December 31, 2023 was 3.9 years for trade names and 4.8 years for customer relationships. The estimated aggregate amortization expense for each of the next five years and thereafter are as follows:
(in thousands) |  | Amortization
2024 |  | $ | 42,875 |
2025 |  | 39,180 |
2026 |  | 36,167 |
2027 |  | 31,305 |
2028 |  | 27,192 |
Thereafter |  | 77,115 |
Total |  | $ | 253,834 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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