Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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, 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.

Gross Carrying Amount and Accumulated Amortization by Intangible Asset Class

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.

Schedule of Estimated Aggregate Amortization Expense for Next Five Years

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