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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2024
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)LawsonTestEquityGexpro ServicesAll OtherTotal
Balance at December 31, 2023$155,915 $164,990 $55,743 $23,277 $399,925 
Acquisitions2,973 — — — 2,973 
Impact of foreign exchange rates(135)— (250)(504)(889)
Balance at March 31, 2024$158,753 $164,990 $55,493 $22,773 $402,009 

Intangible Assets

The gross carrying amount and accumulated amortization for definite-lived intangible assets were as follows:
March 31, 2024December 31, 2023
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
Trade names$119,583 $(33,496)$86,087 $117,881 $(30,093)$87,788 
Customer relationships235,723 (77,919)157,804 233,513 (71,215)162,298 
Other (1)
8,328 (5,458)2,870 8,011 (4,263)3,748 
Total$363,634 $(116,873)$246,761 $359,405 $(105,571)$253,834 
(1)    Other primarily consists of non-compete agreements.
Amortization expense for definite-lived intangible assets was $10.7 million for the three months ended March 31, 2024 and $9.2 million for the three months ended March 31, 2023. Amortization expense related to intangible assets was recorded in Selling, general and administrative expenses.

The estimated aggregate amortization expense for the remaining year 2024 and each of the next four years and thereafter are as follows:
(in thousands)Amortization
Remaining 2024$32,987 
202539,349 
202636,362 
202731,515 
202827,419 
Thereafter79,129 
Total$246,761