Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 9—Goodwill and Other Intangible Assets

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses. Goodwill is not amortized but is evaluated for impairment on an annual basis or more frequently if impairment indicators arise. To date, the Company has not recognized an impairment of its goodwill.

The following table sets forth the amounts of goodwill by reportable segment as of March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025

Environmental Services	$	46,645	$	46,645
Dietary	33,152		33,152
Total Goodwill	$	79,797	$	79,797

Intangible Assets

The Company’s other intangible assets consist of customer relationships, trade names, patents and non-compete agreements which were obtained through acquisitions and are recorded at their fair values at the date of acquisition. Intangible assets with determinable lives are amortized on a straight-line basis over their estimated useful lives. The weighted-average amortization period of customer relationships, trade names, patents and non-compete agreements are approximately 10 years, 10 years, 4 years and 4 years, respectively.

The following table sets forth the estimated amortization expense for intangibles subject to amortization for the remainder of 2026, the following five fiscal years and thereafter:


Period/Year	Total Amortization Expense
	(in thousands)
April 1 to December 31, 2026	$	1,945
2027	$	1,127
2028	$	545
2029	$	545
2030	$	545
2031	$	545
Thereafter	$	1,063

Amortization expense for the three months ended March 31, 2026 and 2025 was $0.6 million and $0.7 million, respectively.