Perimeter Group Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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5. Goodwill and Other Intangible Assets
- GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):
| Fire Safety | Specialty Products | Total | |
|---|---|---|---|
| Balance, December 31, 2024 | $852,754 | $181,789 | $1,034,543 |
| Foreign currency translation | 3,178 | 1,585 | 4,763 |
| Balance, March 31, 2025 | $855,932 | $183,374 | $1,039,306 |
Intangible assets and related accumulated amortization as of March 31, 2025 and December 31, 2024 are as follows (in thousands):
| EstimatedUseful Life(in years) · Gross Value · Accumulated Impairment · ForeignCurrencyTranslation · AccumulatedAmortization · Net Book Value | ||||||||
|---|---|---|---|---|---|---|---|---|
| Definite Lived Intangible Assets: | ||||||||
| Customer lists | 10 | to | 20 | $767,000 | $— | $(9,268) | $(128,116) | $629,616 |
| Technology and patents | 10 | to | 20 | 259,150 | (40,738) | (3,433) | (42,115) | 172,864 |
| Tradenames | 10 | to | 20 | 104,500 | — | (1,218) | (17,073) | 86,209 |
| Balance, March 31, 2025 | $1,130,650 | $(40,738) | $(13,919) | $(187,304) | $888,689 | |||
| EstimatedUseful Life(in years) · Gross Value · Accumulated Impairment · ForeignCurrencyTranslation · AccumulatedAmortization · Net Book Value | ||||||||
|---|---|---|---|---|---|---|---|---|
| Definite Lived Intangible Assets: | ||||||||
| Customer lists | 10 | to | 20 | $767,000 | $— | $(10,659) | $(118,596) | $637,745 |
| Technology and patents | 10 | to | 20 | 257,100 | (40,738) | (4,187) | (38,868) | 173,307 |
| Tradenames | 10 | to | 20 | 104,500 | — | (1,393) | (15,742) | 87,365 |
| Balance, December 31, 2024 | $1,128,600 | $(40,738) | $(16,239) | $(173,206) | $898,417 | |||
Amortization expense for definite-lived intangible assets for the three months ended March 31, 2025 and 2024 was $14.1 millionand$13.8 million, respectively.
Estimated annual amortization expense of intangible assets for the next five years ended December 31, and thereafter is as follows (in thousands):
| Amount | |
|---|---|
| 2025 remaining | $41,411 |
| 2026 | 55,215 |
| 2027 | 55,215 |
| 2028 | 55,215 |
| 2029 | 55,215 |
| Thereafter | 626,418 |
| Total | $888,689 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.