XML 42 R28.htm IDEA: XBRL DOCUMENT v3.25.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill

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

 

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

 

 

 

 

Goodwill (gross) at December 31, 2024

 

$

713,454

 

Acquired goodwill

 

 

7,197

 

Foreign currency translation and other adjustments

 

 

1,523

 

Goodwill (gross) at December 31, 2025

 

 

722,174

 

 

 

 

Accumulated impairment losses at December 31, 2024

 

 

(14,544

)

Goodwill impairment

 

 

(285

)

Accumulated impairment losses at December 31, 2025

 

 

(14,829

)

 

 

 

Goodwill (net) at December 31, 2025

 

$

707,345

 

 

(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.
Schedule of other intangible assets

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

 

 

December 31,

 

 

Weighted

 

 

2025

 

 

2024

 

 

Average

 

 

Intangibles Gross

 

 

Accumulated Amortization

 

 

Intangibles
Net

 

 

Intangibles
Gross

 

 

Accumulated
Amortization

 

 

Intangibles
Net

 

 

Useful
Life

 

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

 

 

 

(1,338

)

 

 

162

 

 

 

1,500

 

 

 

(1,262

)

 

 

238

 

 

 

20

 

Non-compete agreements

 

 

7,569

 

 

 

(5,766

)

 

 

1,803

 

 

 

6,419

 

 

 

(4,394

)

 

 

2,025

 

 

 

4.47

 

Customer relationships

 

 

109,000

 

 

 

(22,021

)

 

 

86,979

 

 

 

109,000

 

 

 

(16,573

)

 

 

92,427

 

 

 

20

 

Franchise agreements

 

 

22,000

 

 

 

(4,462

)

 

 

17,538

 

 

 

22,000

 

 

 

(3,358

)

 

 

18,642

 

 

 

20

 

Total other intangibles

 

$

317,469

 

 

$

(33,587

)

 

$

283,882

 

 

$

316,319

 

 

$

(25,587

)

 

$

290,732

 

 

 

 

Schedule of 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):

 

2026

 

$

7,703

 

2027

 

 

6,950

 

2028

 

 

6,778

 

2029

 

 

6,667

 

2030

 

 

6,627