| 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 |
|
|
| Estimated Amortization Expense for Amortized Intangible Assets |
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 |
|