Note 8 - Goodwill and Identifiable Intangibles

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

Note 8. Goodwill and Identifiable Intangibles

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

		*June 30,*				*December 31,*
		*2026*				*2025*
Gross value		$	178,327			$	177,162
Acquisition			—				1,165
Accumulated impairment			(161,940	)			(161,940	)
Net		$	16,387			$	16,387

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. We perform our impairment analysis at a reportable unit level, evaluated separately for Repeat Precision and for the remaining NCS business. During 2025, we recorded goodwill totaling $1.2 million associated with the ResMetrics acquisition, allocated to our tracer diagnostics services group within the NCS reportable unit. See “Note 2. Acquisition of ResMetrics.” As of June 30, 2026, the only reporting units with remaining goodwill are the tracer diagnostics services group within the NCS reportable unit and Repeat Precision. We did not identify any triggering events that would indicate potential impairment for either of these units. No goodwill impairment has been recorded for the three and six months ended June 30, 2026 and 2025.

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

			*June 30, 2026*
	*Estimated*		*Gross*
	*Useful*		*Carrying*				*Accumulated*				*Net*
	*Lives (Years)*		*Amount*				*Amortization*				*Balance*
Technology	1 - 20		$	4,063			$	(1,522	)		$	2,541
Customer relationships	6 - 10			6,800				(4,273	)			2,527
Trademarks	5			190				(35	)			155
Non-compete agreements	5			197				(36	)			161
Total identifiable intangibles			$	11,250			$	(5,866	)		$	5,384

			*December 31, 2025*
	*Estimated*		*Gross*
	*Useful*		*Carrying*				*Accumulated*				*Net*
	*Lives (Years)*		*Amount*				*Amortization*				*Balance*
Technology	1 - 20		$	4,063			$	(1,386	)		$	2,677
Customer relationships	6 - 10			6,800				(3,843	)			2,957
Trademarks	5			190				(16	)			174
Non-compete agreements	5			197				(16	)			181
Total identifiable intangibles			$	11,250			$	(5,261	)		$	5,989

Total amortization expense, which is associated with SG&A expenses on the condensed consolidated statements of operations, was $0.3 million and $0.2 million for the three months ended June 30, 2026 and 2025, respectively, and $0.6 million and $0.3 million for the six months ended June 30, 2026 and 2025.

Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Prior to the acquisition of ResMetrics, our intangible assets were primarily attributable to Repeat Precision. However, the acquisition has contributed identifiable intangible assets to the tracer diagnostics services group within the NCS reportable unit. As of June 30, 2026 and 2025, we evaluated potential triggering events and determined that there were no triggering events which indicated potential impairment of our intangible assets. Therefore, we did not record any impairment charges related to our identifiable intangibles for the three and six months ended June 30, 2026 and 2025.