
(in thousands)	Electrical		Safety & Infrastructure		Total
Balance as of September 30, 2025	$	260,843	$	33,642	$	294,485

Impairment	(6,500)		—		(6,500)
Divestiture	(1,488)		—		(1,488)

Exchange rate effects	(858)		(127)		(985)
Balance as of June 26, 2026	$	251,997	$	33,515	$	285,512

Goodwill balances as of June 26, 2026 included $12,145 and $61,885 of accumulated impairment losses within the Electrical and Safety & Infrastructure segments, respectively.

Upon classification as held for sale in the second quarter of fiscal 2026, $6,500 of goodwill was allocated to the disposal group and fully impaired before the sale. The goodwill was allocated to the disposal group based on the relative fair value.

The Company allocated $1,488 of goodwill to Vergo Galva NV and Vergo Coating SRL in connection with their divestiture. The goodwill was allocated to the disposal group based on the relative fair value.

The Company assesses the recoverability of goodwill and indefinite-lived trade names on an annual basis in accordance with ASC 350, “Intangibles - Goodwill and Other.” The measurement date is the first day of the fourth fiscal quarter, or more frequently, if events or circumstances indicate that it is more likely than not that the fair value of a reporting unit or the respective indefinite-lived trade name is less than the carrying value.

The following table provides the gross carrying value, accumulated amortization and net carrying value for each major class of intangible asset:


		June 26, 2026						September 30, 2025
(in thousands)	Weighted Average Useful Life (Years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable intangible assets:
Customer relationships	11	$	374,692	$	(346,238)	$	28,454	$	401,771	$	(338,201)	$	63,570
Other	8	23,438		(21,515)		1,923		25,205		(20,797)		4,408
Total		398,130		(367,753)		30,377		426,976		(358,998)		67,978
Indefinite-lived intangible assets:
Trade names		92,758		—		92,758		92,780		—		92,780
Total		$	490,888	$	(367,753)	$	123,135	$	519,756	$	(358,998)	$	160,758

Other intangible assets consist of definite-lived trade names, technology, non-compete agreements and backlogs. Included in the table above are the effects of changes in exchange rates, which were not material for the nine months ended June 26, 2026. Amortization expense for the three months ended June 26, 2026 and June 27, 2025 was $3,608 and $10,108, respectively.

Expected amortization expense for intangible assets for the remainder of fiscal 2026 and over the next five years and thereafter is as follows:

Actual amounts of amortization may differ from estimated amounts due to additional intangible asset acquisitions, impairment of intangible assets and other events.