Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.23.3
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):
Fire Safety Specialty Products Total
Balance, December 31, 2022
 $ 860,319  $ 171,141  $ 1,031,460 
Foreign currency translation (2,078) (580) (2,658)
Balance, September 30, 2023
 $ 858,241  $ 170,561  $ 1,028,802 
Schedule of Definite Lived Intangible Assets
Intangible assets and related accumulated amortization as of September 30, 2023 and December 31, 2022 are as follows (in thousands):
September 30, 2023
Estimated
Useful Life
(in years)		 Gross Value Impairment Foreign
Currency
Translation		 Accumulated
Amortization		 Net Book
Value
Definite Lived Intangible Assets:
Customer lists 20 $ 761,000  $ —  $ (7,987) $ (71,504) $ 681,509 
Technology and patents 20 250,000  (40,738) (3,317) (23,427) 182,518 
Tradenames 20 101,000  —  (1,038) (9,491) 90,471 
Balance, September 30, 2023
 $ 1,112,000  $ (40,738) $ (12,342) $ (104,422) $ 954,498 
December 31, 2022
Estimated
Useful Life
(in years)		 Gross Value Foreign
Currency
Translation		 Accumulated
Amortization		 Net Book
Value
Definite Lived Intangible Assets:
Customer lists 20 $ 761,000  $ (7,451) $ (43,220) $ 710,329 
Technology and patents 20 250,000  (3,029) (14,153) 232,818 
Tradenames 20 101,000  (970) (5,737) 94,293 
Balance, December 31, 2022
 $ 1,112,000  $ (11,450) $ (63,110) $ 1,037,440 
Schedule of Intangible Asset Future Amortization Expense
Estimated annual amortization expense of intangible assets for the next five years ending December 31 and thereafter is as follows (in thousands):
2023 remaining $ 13,338 
2024 53,350 
2025 53,350 
2026 53,350 
2027 53,350 
Thereafter 727,760 
Total $ 954,498