Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Activity Related to Acquisitions

Changes in the carrying amount of goodwill by segment were as follows:

(in thousands)	Lawson		TestEquity		Gexpro Services		Canada Branch Division		Total
Balance at December 31, 2022	$	155,773	$	114,104	$	55,421	$	22,750	$	348,048
Acquisitions	—		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
Acquisitions(1)	37,177		(110)		1,372		28,942		67,381
Impact of foreign exchange rates	(494)		—		(773)		(3,250)		(4,517)
Balance at December 31, 2024	$	192,598	$	164,880	$	56,342	$	48,969	$	462,789

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

Schedule of 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:

	December 31, 2024						December 31, 2023
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	141,654	$	(45,386)	$	96,268	$	117,881	$	(30,093)	$	87,788
Customer relationships	272,051		(100,867)		171,184		233,513		(71,215)		162,298
Other (1)	8,310		(5,999)		2,311		8,011		(4,263)		3,748
Total	$	422,015	$	(152,252)	$	269,763	$	359,405	$	(105,571)	$	253,834

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

Amortization expense for definite-lived intangible assets is included in Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss) as follows:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Amortization expense for intangible assets	$	47,483	$	40,263	$	29,097

Schedule of Estimated Aggregate Amortization Expense

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

(in thousands)	Amortization
2025	$	46,224
2026	43,188
2027	38,139
2028	33,878
2029	30,331
Thereafter	78,003
Total	$	269,763