Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Activity Related to Acquisitions

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, 2022	$	155,773	$	114,104	$	55,421	$	22,750	$	348,048
Acquisitions(1)	—		49,941		—		—		49,941
Impact of foreign exchange rates	(11)		—		(174)		(42)		(227)
Balance at September 30, 2023	$	155,762	$	164,045	$	55,247	$	22,708	$	397,762

(1)Refer to Note 3 – Business Acquisitions for information related to measurement period adjustments.

Gross Carrying Amount and Accumulated Amortization by Intangible Asset Class

The gross carrying amount and accumulated amortization for definite-lived intangible assets were as follows:

	September 30, 2023						December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	117,780	$	(26,498)	$	91,282	$	92,286	$	(17,401)	$	74,885
Customer relationships	234,346		(64,276)		170,070		192,934		(44,481)		148,453
Other (1)	7,974		(4,007)		3,967		7,961		(3,305)		4,656
Total	$	360,100	$	(94,781)	$	265,319	$	293,181	$	(65,187)	$	227,994

(1)    Other primarily consists of non-compete agreements.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated aggregate amortization expense for the remaining year 2023 and each of the next five years are as follows:

(in thousands)	Amortization
Remaining 2023	$	8,952
2024	42,856
2025	39,191
2026	36,217
2027	31,409
2028	27,537
Thereafter	79,157
Total	$	265,319