Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table sets forth the changes in the carrying amount of goodwill by reportable segment:


	Aperture Solutions		Surface Solutions		Shelter Solutions		Total
Balance, December 31, 2021 (Predecessor)	$	541,196	$	655,098	$	161,762	$	1,358,056
Currency translation	(750)		(561)		—		(1,311)
Measurement period adjustments	(366)		(10)		(97,474)		(97,850)
Balance, July 24, 2022 (Predecessor)	$	540,080	$	654,527	$	64,288	$	1,258,895


Balance, July 25, 2022 (Successor)	$	612,368	$	763,324	$	284,796	$	1,660,488
Measurement period adjustments	14,527		29,288		(10,709)		33,106
Currency translation	(2,886)		(2,160)		—		(5,046)
Balance, December 31, 2022 (Successor)	$	624,009	790,452		274,087		1,688,548
Go private measurement period adjustments	90,385		(108,630)		(70,976)		(89,221)
Acquisition related measurement period adjustments and other (1)	58,520		27,065		(903)		84,682
Currency translation	(1,781)		(464)		—		(2,245)
Balance, December 31, 2023 (Successor)	$	771,133	$	708,423	$	202,208	$	1,681,764

(1)Measurement period adjustments have been recorded in conjunction with the acquisition of MAC Metal and EAS during the period. See Note 3 — Mergers and Acquisitions for additional information.

Intangible Assets, Net

The following table sets forth the major components of intangible assets:


	Range of Life (in Years)			Weighted Average Amortization Period Remaining (Years)	Cost		Accumulated Amortization		Net Carrying Value
As of December 31, 2023:
Trademarks, trade names and other		15		14	$	653,992	$	(59,208)	$	594,784
Customer lists and relationships	3	–	19	16	1,883,757		(192,473)		1,691,284
Total intangible assets					$	2,537,749	$	(251,681)	$	2,286,068


	Life (in Years)			Weighted Average Amortization Period Remaining (Years)	Cost		Accumulated Amortization		Net Carrying Value
As of December 31, 2022:
Trademarks, trade names and other		13		13	$	522,137	$	(18,332)	$	503,805
Customer lists and relationships		13		13	2,088,548		(73,330)		2,015,218
Total intangible assets					$	2,610,685	$	(91,662)	$	2,519,023

Intangible assets are amortized on a straight-line basis. The following table sets forth the amortization expense related to intangible assets:


			Year Ended December 31, 2022

	Successor				Predecessor
	Year Ended December 31, 2023		July 25, 2022 through December 31, 2022		January 1, 2022 through July 24, 2022		Year Ended December 31, 2021
Amortization expense	$	171,300	$	85,400	$	109,500	$	189,500

The expected amortization expense over the next five years and thereafter for acquired intangible assets recorded as of December 31, 2023 is as follows:


	Amount
2024	$	191,053
2025	172,858
2026	147,386
2027	147,386
2028	144,952
Thereafter	1,482,433
Total	$	2,286,068