Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 237

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 237
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, plant and equipmentDecember 31,(in thousands)20242023Machinery and equipment$269,367 $233,970 Office furniture, computers and software72,721 66,244 Leasehold improvements120,046 95,262 Buildings and land11,375 12,816 Construction in process24,807 15,197 498,316 423,489 Less: accumulated depreciation(253,570)(232,206)Total$244,746 $191,283 

Depreciation expense was approximately $43.9 million, $46.0 million and $39.5 million for the years ended December 31, 2024, 2023 and 2022, respectively. 

Note G — Goodwill and Intangible Assets

GoodwillAs a result of acquisitions of various businesses, the Company has significant intangible assets on its balance sheet that include goodwill and indefinite-lived intangibles. The Company’s goodwill and indefinite-lived intangibles are tested and reviewed for impairment annually as of March 31st or more frequently if facts and circumstances warrant by comparing the fair value of each reporting unit to its carrying value. Each of the Company’s businesses represent a reporting unit.  

F-30

COMPASS DIVERSIFIED HOLDINGSNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

 A reconciliation of the change in the carrying value of goodwill by segment for the years ended December 31, 2024 and 2023 are as follows (in thousands):Balance at January 1, 2024Acquisitions/Measurement Period Adjustments (1) Goodwill ImpairmentBalance at December 31, 20245.11$92,966 $— $— $92,966 BOA254,153 — — 254,153 Lugano86,337 — — 86,337 PrimaLoft232,536 — — 232,536 The Honey Pot Co.— 107,039 — 107,039 Velocity Outdoor8,182 — (8,182)— Altor Solutions91,130 23,489 — 114,619 Arnold39,267 — — 39,267 Sterno55,336 — — 55,336 Total$859,907 $130,528 $(8,182)$982,253 (1)    Acquisition of