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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

8. GOODWILL AND INTANGIBLE ASSETS

Amounts related to goodwill are as follows:

 

 

 

Assessment, Permitting and Response

 

 

Measurement and Analysis

 

 

Remediation and Reuse

 

 

Total

 

Balance as of December 31, 2024

 

$

205,231

 

 

$

118,860

 

 

$

143,698

 

 

$

467,789

 

Acquisitions measurement period adjustments, net of foreign currency translation

 

 

1,096

 

 

 

220

 

 

 

(80

)

 

 

1,236

 

Balance as of September 30, 2025

 

$

206,327

 

 

$

119,080

 

 

$

143,618

 

 

$

469,025

 

 

Amounts related to finite-lived intangible assets are as follows:

 

September 30, 2025

 

Gross Balance

 

 

Accumulated Amortization

 

 

Total Intangible Assets—Net

 

Customer relationships

 

$

264,958

 

 

$

155,589

 

 

$

109,369

 

Covenants not to compete

 

 

41,529

 

 

 

35,787

 

 

 

5,742

 

Trade names

 

 

25,939

 

 

 

25,056

 

 

 

883

 

Proprietary software

 

 

31,201

 

 

 

25,227

 

 

 

5,974

 

Patent

 

 

17,479

 

 

 

6,598

 

 

 

10,881

 

Total other intangible assets, net

 

$

381,106

 

 

$

248,257

 

 

$

132,849

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

Gross Balance

 

 

Accumulated Amortization

 

 

Total Intangible Assets—Net

 

Customer relationships

 

$

264,477

 

 

$

138,787

 

 

$

125,690

 

Covenants not to compete

 

 

41,758

 

 

 

33,898

 

 

 

7,860

 

Trade names

 

 

25,939

 

 

 

23,375

 

 

 

2,564

 

Proprietary software

 

 

28,428

 

 

 

23,489

 

 

 

4,939

 

Patent

 

 

17,479

 

 

 

5,776

 

 

 

11,703

 

Total other intangible assets, net

 

$

378,081

 

 

$

225,325

 

 

$

152,756

 

Intangible assets with finite lives are stated at cost, less accumulated amortization and impairment losses, if any. These intangible assets are amortized using the straight-line method over the estimated useful lives of the assets.

Amortization expense was $7.3 million and $23.0 million for the three and nine months ended September 30, 2025, respectively, and $9.0 million and $24.6 million for the three and nine months ended September 30, 2024, respectively.

Future amortization expense is estimated to be as follows for each of the five following years and thereafter:

 

December 31,

 

 

 

2025 (remaining)

 

$

6,845

 

2026

 

 

25,635

 

2027

 

 

24,381

 

2028

 

 

18,967

 

2029

 

 

12,380

 

Thereafter

 

 

44,641

 

Total

 

$

132,849