Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 82

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 82
---
,652 29,840 Furniture, fixtures and equipment 137,058 113,945 Finance lease right of use assets 23,612 15,171 Less – Accumulated depreciation and amortization (113,470) (99,361) Property and equipment, net $ 81,556 $ 61,618 Depreciation expense was $9.0 million, $8.4 million, and $9.6 million for the years ended December 31, 2024, 2023, and 2022, respectively. Capital expenditures by segment are included in Note 20 - Segment Reporting. Table of Contents 61

NOTE 8 - GOODWILL AND OTHER INTANGIBLE ASSETS The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2024 (in thousands): Goodwill Other Intangible Assets, Net Total Balances as of December 31, 2023 $ 343,991 $ 63,895 $ 407,886 Translation adjustment (1,380) (10) (1,390) Acquisitions 109,732 41,621 151,353 Amortization — (19,827) (19,827) Balances as of December 31, 2024 $ 452,343 $ 85,679 $ 538,022 The following table presents the changes in the carrying amount of goodwill and other intangible assets during the year ended December 31, 2023 (in thousands): Goodwill Other Intangible Assets, Net Total Balances as of December 31, 2022 $ 333,759 $ 79,584 $ 413,343 Translation adjustment 464 15 479 Acquisitions 9,768 2,527 12,295 Amortization — (18,231) (18,231) Balances as of December 31, 2023 $ 343,991 $ 63,895 $ 407,886 The following table presents the goodwill balance by reportable segment as of December 31, 2024 and 2023 (in thousands): December 31, 2024 2023 Service Centers $ 335,611 $ 270,865 Innovative Pumping Solutions 99,593 55,987 Supply Chain Services 17,139 17,139 Total $ 452,343 $ 343,991 Gross carrying amounts as well as accumulated amortization are partially affected by the fluctuation of