Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

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

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
Goodwill (gross) at December 31, 2021	$	701,753
Acquired goodwill	5,500
Foreign currency translation and other adjustments	(1,266)
Goodwill (gross) at December 31, 2022	705,987
Accumulated impairment losses at December 31, 2021	(13,389)
Goodwill impairment	(605)
Accumulated impairment losses at December 31, 2022	(13,994)
Goodwill (net) at December 31, 2022	$	691,993

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

Other intangible assets

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

	December 31,												Weighted Average Useful Life
	2022						2021
	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		169,000		—		169,000		Indefinite
National Pool Tile (NPT) tradename	1,500		(1,112)		388		1,500		(1,037)		463		20
Non-compete agreements	6,022		(2,533)		3,489		8,096		(3,891)		4,205		4.58
Customer relationships	109,000		(5,677)		103,323		109,000		(214)		108,786		20
Franchise agreements	22,000		(1,150)		20,850		22,000		(40)		21,960		20
Total other intangibles	$	315,922	$	(10,472)	$	305,450	$	317,996	$	(5,182)	$	312,814

Estimated amortization expense for other intangible assets for next five years

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

2023	$	7,908
2024	7,602
2025	7,441
2026	7,013
2027	6,660