Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

The table below presents changes in the carrying amount of goodwill and our accumulated impairment losses (in thousands):


Goodwill (gross) at December 31, 2019	$	198,475
Acquired goodwill	82,497
Foreign currency translation and other adjustments	584
Goodwill (gross) at December 31, 2020	281,556

Accumulated impairment losses at December 31, 2019	(9,879)
Goodwill impairment	(3,510)
Accumulated impairment losses at December 31, 2020	(13,389)

Goodwill (net) at December 31, 2020	$	268,167

Goodwill (gross) at December 31, 2020	$	281,556
Acquired goodwill (1)	422,126
Foreign currency translation and other adjustments	(1,929)
Goodwill (gross) at December 31, 2021	701,753

Accumulated impairment losses at December 31, 2020	(13,389)
Goodwill impairment	—
Accumulated impairment losses at December 31, 2021	(13,389)

Goodwill (net) at December 31, 2021	$	688,364

(1)Primarily includes the acquisition of Porpoise Pool & Patio, Inc.

Other intangible assets consisted of the following (in thousands):


	December 31,												Weighted Average Useful Life
	2021						2020
	Intangibles Gross		Accumulated Amortization		Intangibles Net		Intangibles Gross		Accumulated Amortization		Intangibles Net
Horizon tradename	$	8,400	$	—	$	8,400	$	8,400	$	—	$	8,400	Indefinite
Pinch A Penny brand name	169,000		—		169,000		—		—		—		Indefinite
National Pool Tile (NPT) tradename	1,500		(1,037)		463		1,500		(962)		538		20
Non-compete agreements	8,096		(3,891)		4,205		6,917		(3,674)		3,243		4.58
Customer relationships	109,000		(214)		108,786		—		—		—		20
Franchise agreements	22,000		(40)		21,960		—		—		—		20
Total other intangibles	$	317,996	$	(5,182)	$	312,814	$	16,817	$	(4,636)	$	12,181

The table below presents estimated amortization expense for other intangible assets for the next five years (in thousands):