Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 118

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 118
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 each of our reporting units, the decreases in estimated fair values described above would not have significantly impacted the results of our 2024 impairment tests. Further, for each of our reporting units, a 10% decline in the estimated fair value of such reporting unit, due to other changes in our assumptions, including forecasted future cash flows, would not have significantly impacted the results of our 2024 impairment tests. The changes in the carrying amount of goodwill by reportable segment during the years ended December 31, 2024 and 2023 were as follows (in thousands):   United Stateselectricalconstructionand facilitiesservices segmentUnited Statesmechanicalconstructionand facilitiesservices segmentUnited Statesbuildingservices segmentUnited Statesindustrial services segmentTotalBalance at December 31, 2022$178,013 $315,329 $311,721 $114,088 $919,151 Acquisitions— 4,524 32,874 — 37,398 Intersegment transfers— (1,500)1,500 — — Balance at December 31, 2023178,013 318,353 346,095 114,088 956,549 Acquisitions13,739 26,111 12,210 9,806 61,866 Balance at December 31, 2024$191,752 $344,464 $358,305 $123,894 $1,018,415 The aggregate goodwill balance as of December 31, 2022 included $493.6 million of accumulated impairment charges, which were comprised of $139.5 million within our United States building services segment and $354.1 million within our United States industrial services segment.Identifiable Intangible Assets and Other Long-Lived AssetsOur identifiable intangible assets, arising out of the acquisition of businesses, include customer relationships, subsidiary trade names, developed technology/vendor network, and contract backlog, all of which are subject to amortization. In addition, our identifiable intangible assets include certain other subsidiary trade names, which are indefinite-lived and therefore not subject to amortization.Absent earlier indicators of impairment, we test for impairment of subsidiary trade names that are not subject to amortization on an annual basis (October 1). In performing this test, we calculate the fair value of each trade name using the “relief from royalty payments” methodology. This approach involves two steps