Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

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, 2022	$	705,987
Acquired goodwill	8,137
Foreign currency translation and other adjustments	498
Goodwill (gross) at December 31, 2023	714,622
Accumulated impairment losses at December 31, 2022	(13,994)
Goodwill impairment	(550)
Accumulated impairment losses at December 31, 2023	(14,544)
Goodwill (net) at December 31, 2023	$	700,078
Goodwill (gross) at December 31, 2023	$	714,622
Acquired goodwill	2,170
Foreign currency translation and other adjustments (1)	(3,338)
Goodwill (gross) at December 31, 2024	713,454
Accumulated impairment losses at December 31, 2023	(14,544)
Goodwill impairment	—
Accumulated impairment losses at December 31, 2024	(14,544)
Goodwill (net) at December 31, 2024	$	698,910

(1) Includes a $2.0 million reduction of goodwill for our Porpoise Pool & Patio reporting unit for the sale of two Pinch A Penny retail stores in 2024.

Other intangible assets

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

	December 31,												Weighted Average Useful Life
	2024						2023
	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		(1,262)		238		1,500		(1,187)		313		20
Non-compete agreements	6,419		(4,394)		2,025		6,206		(3,258)		2,948		4.65
Customer relationships	109,000		(16,573)		92,427		109,000		(11,125)		97,875		20
Franchise agreements	22,000		(3,358)		18,642		22,000		(2,254)		19,746		20
Total other intangibles	$	316,319	$	(25,587)	$	290,732	$	316,106	$	(17,824)	$	298,282

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):

2025	$	7,724
2026	7,203
2027	6,850
2028	6,678
2029	6,567