Goodwill and Intangible Assets

3 Months Ended

Apr. 03, 2026

Goodwill and Intangible Assets [Abstract]

GOODWILL AND INTANGIBLE ASSETS

9. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill, which is assigned entirely to the Company’s EMP segment (see Note 19 – Segments), during the three months ended April 3, 2026 were as follows:

		Amount
Balance as of December 31, 2025		$	4,583
Foreign currency translation adjustment			(36	)
Balance as of April 3, 2026		$	4,547

The Company had no accumulated impairment losses as of April 3, 2026 or December 31, 2025.

Intangible Assets

The gross carrying amount and accumulated amortization of the Company’s intangible assets consisted of the following as of April 3, 2026:

		Gross Carrying Value				Accumulated Amortization				Foreign Currency Translation Adjustment				Net Carrying Value				Weighted Average Remaining Amortization Period
Intangible assets:
Customer relationships		$	10,656			$	(5,340	)		$	13			$	5,329				5.4 years
Trademarks and patents			2,181				(640	)			—				1,541				10.6 years
Total intangible assets		$	12,837			$	(5,980	)		$	13			$	6,870

The gross carrying amount and accumulated amortization of the Company’s intangible assets consisted of the following as of December 31, 2025:

		Gross Carrying Value				Accumulated Amortization				Foreign Currency Translation Adjustment				Net Carrying Value				Weighted Average Remaining Amortization Period
Intangible assets:
Customer relationships		$	10,656			$	(5,069	)		$	19			$	5,606				5.6 years
Trademarks and patents			2,181				(603	)			—				1,578				10.9 years
Total intangible assets		$	12,837			$	(5,672	)		$	19			$	7,184

During the three months ended April 3, 2026 and March 31, 2025, the Company recognized aggregate amortization expense of approximately $0.3 million, of which $0.2 million was included within general and administrative expense and $0.1 million was included within cost of goods sold in the consolidated statements of operations for both periods then ended.

As of April 3, 2026, estimated future amortization expense of finite-lived intangible assets is as follows:

Fiscal Year		Amount
Remaining 2026		$	919
2027			1,236
2028			1,236
2029			1,236
2030			705
Thereafter			1,538
		$	6,870