XML 62 R44.htm IDEA: XBRL DOCUMENT v3.25.4
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amounts of goodwill in our reportable segments for the years ended December 31, 2025, 2024, and 2023, were as follows:
(in thousands)CAGWaterLPD
Balance as of December 31, 2022$323,482 $17,899 $13,883 
Impact of changes in foreign currency exchange rates2,740 321 1,105 
Balance as of December 31, 2023$326,222 $18,220 $14,988 
Business combinations45,782 — — 
Impact of changes in foreign currency exchange rates(5,029)(109)(1,505)
Balance as of December 31, 2024$366,975 $18,111 $13,483 
Impact of changes in foreign currency exchange rates7,472 298 1,634 
Balance as of December 31, 2025$374,447 $18,409 $15,117 
Schedule of Estimated Useful Lives for Intangible Assets
We provide for amortization, primarily using the straight-line method, by charges to income in amounts that allocate the intangible assets over their estimated useful lives as follows:
Asset Classification Estimated Useful Life
  
Customer-related intangible assets (1)
3 to 17 years
Product rights (2)
 
5 to 15 years
Noncompete agreements 
3 to 5 years
Schedule of Intangible Assets Other Than Goodwill
Intangible assets other than goodwill consisted of the following:
(in thousands)December 31, 2025December 31, 2024
CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Customer-related intangible assets (1)
$127,099 $54,785 $72,314 $110,860 $44,617 $66,243 
Product rights (2)
57,117 22,751 34,366 55,117 14,161 40,956 
Noncompete agreements6,570 3,407 3,163 6,570 2,093 4,477 
Total intangible assets other than goodwill
$190,786 $80,943 $109,843 $172,547 $60,871 $111,676 
The table above reflect the effects of foreign currency exchange rates, and excludes fully amortized intangible assets.
(1)Customer-related intangible assets comprise customer lists and customer relationships acquired from third parties.
(2)Product rights comprise certain technologies, intellectual property, licenses, and trade names acquired from third parties.
Schedule of Expected Amortization Expense
As of December 31, 2025, the aggregate amortization expense associated with intangible assets is estimated to be as follows for each of the next five years and thereafter:
(in thousands)
2026$20,782 
202719,442 
202818,032 
202912,410 
203012,572 
Thereafter26,605 
Total amortization$109,843