Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.21.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2021
GOODWILL AND OTHER INTANGIBLE ASSETS  
Summary of changes in goodwill

The following table summarizes the changes in goodwill for the nine months ended September 30, 2021:

    

Products

    

Distribution

    

Total

Balance, December 31, 2020

$

63,698

$

2,616

$

66,314

Foreign currency translation adjustments

 

(87)

 

 

(87)

Balance, September 30, 2021

$

63,611

$

2,616

$

66,227

Summary of intangible assets

Intangible assets consisted of the following as of September 30, 2021 and December 31, 2020:

September 30, 2021

    

    

    

    

Weighted 

Accumulated 

Average 

Gross

amortization

Net

 

Useful Life

Definite lived intangibles:

 

  

 

  

 

  

 

  

Customer relationships

$

74,088

 

(50,858)

 

23,230

 

11

Technology

 

11,978

 

(10,919)

 

1,059

 

7

Tradenames

 

6,472

 

(2,980)

 

3,492

 

4

Non-compete agreements

 

1,037

 

(1,037)

 

 

4

$

93,575

 

(65,794)

 

27,781

Indefinite lived intangibles:

 

  

 

  

 

  

 

  

Tradenames

 

16,678

 

 

16,678

 

Indefinite

Total

$

110,253

 

(65,794)

 

44,459

 

  

December 31, 2020

    

    

    

    

Weighted 

Accumulated 

Average 

Gross

amortization

Net

 

Useful Life

Definite lived intangibles:

 

  

 

  

 

  

 

  

Customer relationships

$

74,123

 

(45,815)

 

28,308

 

11

Technology

 

11,991

 

(10,333)

 

1,658

 

7

Tradenames

 

6,490

 

(2,135)

 

4,355

 

4

Non-compete agreements

 

1,041

 

(1,027)

 

14

 

4

$

93,645

 

(59,310)

 

34,335

Indefinite lived intangibles:

 

  

 

  

 

  

 

  

Tradenames

 

16,674

 

 

16,674

 

Indefinite

Total

$

110,319

 

(59,310)

 

51,009

 

  

Summary of estimated amortization expense for finite lived intangible assets

The estimated amortization expense for finite-lived intangible assets for the remaining three months of 2021, the next four years and thereafter is as follows:

Remainder of 2021

    

$

2,037

2022

 

7,683

2023

 

6,754

2024

 

3,856

2025

 

1,856

Thereafter

 

5,595

$

27,781