Alliance Laundry Holdings Inc.ALH
Alliance Laundry Holdings Inc. Goodwill & Intangibles Disclosure
Goodwill and Other Intangibles
Other Intangibles
The following table presents a summary of identifiable intangible assets as of December 31, 2025.
(in thousands) | Gross Amount | Accumulated Amortization | Net Amount | Weighted Average Life Remaining | |||
Identifiable intangible assets: | |||||||
Trademarks and tradenames, indefinite lives | $407,005 | $— | $407,005 | Indefinite | |||
Trademarks and tradenames, definite lives | 16,423 | 12,008 | 4,415 | 2.75 years | |||
Customer agreements and distributor network | 752,513 | 411,663 | 340,850 | 8.02 years | |||
Engineering and manufacturing designs and processes | 66,983 | 66,983 | — | 0.00 years | |||
Patents | 644 | 480 | 164 | 8.77 years | |||
Computer software and other | 20,158 | 17,855 | 2,303 | 3.48 years | |||
$1,263,726 | $508,989 | $754,737 |
The Company’s trademarks and tradenames have renewal terms and the costs to renew these intangible assets are
expensed as incurred. At December 31, 2025, the trademarks have a weighted average time until the next renewal of 4.73
years.
The following table presents a summary of identifiable intangible assets as of December 31, 2024.
(in thousands) | Gross Amount | Accumulated Amortization | Net Amount | Weighted Average Life Remaining | |||
Identifiable intangible assets: | |||||||
Trademarks and tradenames, indefinite lives | $407,005 | $— | $407,005 | Indefinite | |||
Trademarks and tradenames, definite lives | 14,207 | 9,017 | 5,190 | 4.50 years | |||
Customer agreements and distributor network | 733,657 | 358,769 | 374,888 | 9.02 years | |||
Engineering and manufacturing designs and processes | 64,382 | 60,053 | 4,329 | 0.67 years | |||
Patents | 644 | 452 | 192 | 9.31 years | |||
Computer software and other | 16,016 | 13,954 | 2,062 | 3.76 years | |||
$1,235,911 | $442,245 | $793,666 |
The Company’s indefinite-lived intangible assets are the Speed Queen, Huebsch and UniMac trademarks. The
trademarks were determined to have an indefinite useful life as the Company expects to continue to use these assets for the
foreseeable future.
The indefinite-lived trademarks are tested for impairment at least annually and more frequently if an event occurs
which indicates the intangible asset may be impaired. The Company performs the annual impairment test of its indefinite-
lived intangible assets on October 1 of each year and more frequently if an event occurs which indicates intangible assets
may be impaired. The impairment test consists of a comparison of the fair value of the intangible asset with its carrying
value amount. An impairment loss is recognized if the carrying amount of an intangible asset exceeds its fair value in an
amount equal to that excess, but not to exceed the carrying amount of the intangible asset. The fair value of the tradenames
and trademarks is determined with the assistance of a third party using the relief-from-royalty method.
Based on the impairment tests, the Company did not record an impairment charge for the years ended December 31,
2025, 2024 and 2023 as the fair values of the Speed Queen, UniMac, and Huebsch trademarks were in excess of their
carrying values as of December 31, 2025, 2024 and 2023.
Amortization expense of the Company’s definite-lived intangibles consisted of the following.
Year Ended December 31, | |||||
(in thousands) | 2025 | 2024 | 2023 | ||
Amortization expense | $51,681 | $50,515 | $50,151 | ||
Estimated amortization expense for existing definite-lived intangible assets beginning in 2026 is expected to be
approximately $49.6 million, $49.3 million, $47.7 million, $45.3 million and $44.9 million for each of the years in the
succeeding five-year period ending December 31, 2030. Estimated amortization expense can be affected by various factors
including future acquisitions or divestitures of trademark, licensing or distribution rights.
Goodwill
The following table presents the changes in carrying amount of goodwill by reporting unit. The North America
reporting unit is included within the North America reportable segment. The Europe, Asia, and Middle East & Africa
reporting units are included within the International reporting segment. There has been no goodwill allocated to the Retail
Operations or Latin America reporting units, therefore these reporting units have been excluded from this presentation.
(in thousands) | North America | Europe | Asia | Middle East & Africa | Consolidated | ||||
Balance, December 31, 2023⁽¹⁾ | $583,307 | $53,438 | $14,341 | $9,026 | $660,112 | ||||
Goodwill acquired | 11,284 | — | — | — | 11,284 | ||||
Measurement period adjustments | (34) | — | — | — | (34) | ||||
Currency translation | — | (4,481) | (75) | (226) | (4,782) | ||||
Balance, December 31, 2024⁽¹⁾ | $594,557 | $48,957 | $14,266 | $8,800 | $666,580 | ||||
Goodwill acquired | 8,180 | — | — | — | 8,180 | ||||
Measurement period adjustments | (262) | — | — | — | (262) | ||||
Currency translation | — | 9,120 | 152 | 460 | 9,732 | ||||
Balance, December 31, 2025⁽¹⁾ | $602,475 | $58,077 | $14,418 | $9,260 | $684,230 |
_____________________
(1)The carrying amount of goodwill is presented net of accumulated impairment losses of $112.5 million, $95.8 million and $104.1 million as of
December 31, 2025, 2024 and 2023, respectively.
On October 1 of each year, and more frequently if an event occurs which indicates goodwill may be impaired, the
Company performs an annual impairment test of its goodwill. Based on the impairment tests, the Company did not record
an impairment charge for the years ended December 31, 2025, 2024 or 2023.
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About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.