Company: CLH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000822818-25-000019
Chunk: 71

Company: CLEAN HARBORS INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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258.2 million and $230.5 million, respectively.(3) Balances inclusive of gross ROU assets classified as finance leases of $9.2 million in both periods.Depreciation expense, inclusive of landfill and finance lease amortization, was $98.7 million and $82.2 million for the three months ended March 31, 2025 and March 31, 2024, respectively. For the three months ended March 31, 2025, capitalized interest recorded by the Company was negligible. For the three months ended March 31, 2024, the Company recorded $2.5 million of capitalized interest mainly due to the construction of the new incinerator in Kimball, Nebraska.

(7) GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in goodwill by segment for the three months ended March 31, 2025 were as follows (in thousands):Environmental ServicesSafety-Kleen Sustainability SolutionsTotalsBalance at January 1, 2025$1,296,204 $180,995 $1,477,199 Measurement period adjustments from prior period acquisitions146 (99)47 Foreign currency translation44 17 61 Balance at March 31, 2025$1,296,394 $180,913 $1,477,307 The Company assesses goodwill on an annual basis as of December 31 or at an interim date when events or changes in the business environment (“triggering events”) would more likely than not reduce the fair value of a reporting unit below its carrying value. During the period ended March 31, 2025, no such triggering events were identified.As of March 31, 2025 and December 31, 2024, the Company’s intangible assets consisted of the following (in thousands):March 31, 2025December 31, 2024CostAccumulated AmortizationNetCostAccumulated AmortizationNetPermits$192,010 $125,528 $66,482 $191,921 $123,939 $67,982 Customer and supplier relationships697,353 265,529 431,824 697,326 256,657 440,669 Other intangible assets120,319 49,189 71,130 120,316 46,490 73,826 Total amortizable permits and other intangible assets1,009,682