Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill by Segment

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, 2024	$	192,598	$	164,880	$	56,342	$	48,969	$	462,789
Acquisitions(1)	—		—		168		849		1,017
Impact of foreign exchange rates	191		—		1,414		1,613		3,218
Balance at September 30, 2025	$	192,789	$	164,880	$	57,924	$	51,431	$	467,024

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

Schedule of Gross Carrying Amount and Accumulated Amortization for Definite-Lived Intangible Assets

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

	September 30, 2025						December 31, 2024
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	141,392	$	(56,448)	$	84,944	$	141,654	$	(45,386)	$	96,268
Customer relationships	274,467		(123,924)		150,543		272,051		(100,867)		171,184
Other (1)	7,869		(6,129)		1,740		8,310		(5,999)		2,311
Total	$	423,728	$	(186,501)	$	237,227	$	422,015	$	(152,252)	$	269,763

(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 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Amortization expense for intangible assets	$	11,650	$	11,972	$	34,885	$	34,924

Schedule of Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for the remaining year 2025 and each of the next four years and thereafter are as follows:

(in thousands)	Amortization
Remaining 2025	$	11,760
2026	43,582
2027	38,501
2028	34,214
2029	30,628
Thereafter	78,542
Total	$	237,227