v3.26.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 9. Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill by reportable segment were as follows:

 

 

Electronic
Components

 

 

Mechanical
Components

 

 

Total

 

Balance as of December 31, 2025

 

$

 

1,307,611

 

 

$

 

1,437,740

 

 

$

 

2,745,351

 

Additions

 

 

 

 

 

17,775

 

 

 

17,775

 

Foreign currency translation

 

 

(548)

 

 

 

(5,698)

 

 

 

(6,246)

 

Balance as of March 31, 2026

 

$

1,307,063

 

 

$

1,449,817

 

 

$

2,756,880

 

Intangible Assets

Intangible assets consisted of the following:

 

 

March 31, 2026

 

 

Weighted-
Average
Remaining
Useful Lives
(in years)

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Net Book Value

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists / relationships

 

20

 

$

 

2,120,784

 

 

$

 

(297,837

)

 

$

 

1,822,947

 

Patents and technology

 

16

 

 

 

401,275

 

 

 

 

(48,899

)

 

 

 

352,376

 

Trademarks / trade names

 

14

 

 

 

252,902

 

 

 

 

(49,938

)

 

 

 

202,964

 

Total amortized intangible assets

 

 

 

 

 

2,774,961

 

 

 

 

(396,674

)

 

 

 

2,378,287

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks / trade names

 

 

 

 

 

36,800

 

 

 

 

 

 

 

36,800

 

Total intangible assets

 

 

 

$

 

2,811,761

 

 

$

 

(396,674

)

 

$

 

2,415,087

 

 

 

 

December 31, 2025

 

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Net Book Value

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

Customer lists / relationships

 

$

2,107,860

 

 

$

(273,349

)

 

$

1,834,511

 

Patents and technology

 

 

395,546

 

 

 

(42,416

)

 

 

353,130

 

Trademarks / trade names

 

 

250,873

 

 

 

(45,435

)

 

 

205,438

 

Total amortized intangible assets

 

 

2,754,279

 

 

 

(361,200

)

 

 

2,393,079

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Trademarks / trade names

 

 

36,800

 

 

 

 

 

 

36,800

 

Total intangible assets

 

$

2,791,079

 

 

$

(361,200

)

 

$

2,429,879

 

 

Amortization expense for amortized intangible assets was $36,023 and $34,080 for the three months ended March 31, 2026 and 2025, respectively.

As of March 31, 2026, estimated amortization expense for amortized intangible assets for the next five years and thereafter was as follows:

Years Ending December 31:

 

Amount

Remaining portion of 2026

 

$

107,994

2027

 

 

143,665

2028

 

 

143,565

2029

 

 

143,454

2030

 

 

142,123

Thereafter

 

 

1,697,486

Total expected future amortization expense

 

$

2,378,287