v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
We have three operating segments which are also our reporting units: Electronic Test, Environmental Technologies and Process Technologies. Goodwill and intangible assets on our Consolidated Balance Sheets are the result of our acquisitions.
Goodwill
Changes in the amount of the carrying value of goodwill for the three months ended March 31, 2026, are as follows:
(in thousands)
Balance - January 1, 2026$32,359 
Impact of foreign currency translation adjustments(218)
Balance – March 31, 2026$32,141 
Goodwill was comprised of the following at March 31, 2026, and December 31, 2025:
(in thousands)March 31,
2026		December 31,
2025
Electronic Test$13,742 $13,957 
Environmental Technologies1,817 1,817 
Process Technologies16,582 16,585 
Total goodwill$32,141 $32,359 
Intangible Assets
Changes in the amount of the carrying value of our intangible assets for the three months ended March 31, 2026 were as follows:
(in thousands)Finite-LivedIndefinite-Lived
Balance - January 1, 2026$14,372 $10,504 
Impact of foreign currency translation adjustments(185)(52)
Amortization(778)— 
Balance – March 31, 2026$13,409 $10,452 
The following tables provide further detail about our intangible assets as of March 31, 2026, and December 31, 2025:
March 31, 2026
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$25,005 $14,381 $10,624 
Technology6,211 3,426 2,785 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,216 18,807 13,409 
Indefinite-lived intangible assets:
Trademarks10,452 — 10,452 
Total intangible assets$42,668 $18,807 $23,861 
December 31, 2025
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$25,192 $13,857 $11,335 
Technology6,279 3,242 3,037 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,471 18,099 14,372 
Indefinite-lived intangible assets:
Trademarks10,504 — 10,504 
Total intangible assets$42,975 $18,099 $24,876 
The following table sets forth the estimated annual amortization expense for each of the next five years and thereafter:
(in thousands)
Remaining 2026$1,677 
20272,044 
20281,688 
20291,356 
20301,246 
Thereafter5,398 
Total estimated amortization of finite-lived intangible assets$13,409