Note 7 - Goodwill and Identifiable Intangibles

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7. Goodwill and Identifiable Intangibles

The carrying amount of goodwill is summarized as follows (in thousands):

	*June 30,*			*December 31,*
	*2025*			*2024*
Gross value	$	177,162		$	177,162
Accumulated impairment		(161,940	)		(161,940	)
Net	$	15,222		$	15,222

We perform an annual impairment analysis of goodwill as of December 31, or whenever there is a triggering event that indicates an impairment loss may have been incurred. As of June 30, 2025 and 2024, we did not identify any triggering events that would indicate potential impairment for Repeat Precision, our only reportable unit with goodwill. Therefore, no goodwill impairment has been recorded for the three and six months ended June 30, 2025 and 2024.

Identifiable intangibles by major asset class consist of the following (in thousands):

		*June 30, 2025*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(1,251	)	$	2,707
Customer relationships	10		4,100		(3,451	)		649
Total identifiable intangibles		$	8,058	$	(4,702	)	$	3,356

		*December 31, 2024*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(1,122	)	$	2,836
Customer relationships	10		4,100		(3,246	)		854
Total identifiable intangibles		$	8,058	$	(4,368	)	$	3,690

Total amortization expense, which is associated with SG&A expenses on the condensed consolidated statements of operations, was $0.2 million for each of the three months ended June 30, 2025 and 2024, respectively, and $0.3 million for each of the six months ended June 30, 2025 and 2024.

Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. As of June 30, 2025 and 2024, we evaluated potential triggering events and determined that there were no triggering events which indicated potential impairment of our intangibles, which are substantially related to our Repeat Precision asset group. Therefore, we did not record any impairment charges related to our identifiable intangibles for the three and six months ended June 30, 2025 and 2024.