The change in goodwill for the six months ended June 30, 2024 was as follows:


	Distribution		Material Handling			Total
January 1, 2024	$	14,730	$	80,662		$	95,392
Acquisition		—		214,999			214,999
Foreign currency translation		—		(349	)		(349	)
June 30, 2024	$	14,730	$	295,312		$	310,042

Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, non-competition agreements and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. Indefinite-lived trade names had a carrying value of $31.4 million and $9.8 million at June 30, 2024 and December 31, 2023, respectively. Refer to Note 3 for the intangible assets acquired through the Signature acquisition in February 2024.

In the Company’s last annual goodwill assessment as of October 1, 2023, the fair value of the Company’s six reporting units all had adequate cushion above carrying value. During the six months ended June 30, 2024, the Company’s overall market capitalization declined. Additionally, the Company’s rotational molding reporting unit has experienced overall volume lower than projected in the last annual assessment. Considering the latest Company projections, potential cost savings initiatives and adequate cushion above carrying value indicated during the Company’s last annual goodwill assessment date, the Company determined that there were no indicators of impairment as of June 30, 2024. Should market conditions continue to decline and/or future sales not meet current projections, goodwill impairment assessments in future periods could result in reduced cushion or impairment based on fair value.