Orion recorded $0.9 million of goodwill related to its purchase of Voltrek LLC ("Voltrek") in the third quarter of fiscal 2023, which has an indefinite life, and is assigned to the EV operating segment.

Orion recorded $0.6 million of goodwill related to its purchase of Stay-Lite Lighting, Inc. ("Stay-Lite") during fiscal year 2022, which has an indefinite life, and is assigned to the maintenance operating segment.

As of June 30, 2026, and March 31, 2026, the components of, and changes in, the carrying amount of other intangible assets, net, were as follows (dollars in thousands):


	June 30, 2026									March 31, 2026
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Useful Life		Gross Carrying Amount		Accumulated Amortization			Net
Amortized Intangible Assets
Patents	$	1,865	$	(1,615	)	$	250		8.5	$	1,865	$	(1,603	)	$	262
Licenses		58		(58	)		—		—		58		(58	)		—
Trade name and trademarks (1)		1,240		(224	)		1,016		9.4		300		(209	)		91
Customer relationships		5,000		(5,000	)		—		—		5,000		(5,000	)		—
Vendor relationships		2,600		(1,390	)		1,210		3.3		2,600		(1,297	)		1,303
Developed technology		900		(900	)		—		—		900		(900	)		—
Total Amortized Intangible Assets	$	11,663	$	(9,187	)	$	2,476		6.3	$	10,723	$	(9,067	)	$	1,656

Indefinite-lived Intangible Assets
Trade name and trademarks	$	50	$	—		$	50			$	990	$	—		$	990
Total Non-Amortized Intangible Assets	$	50	$	—		$	50			$	990	$	—		$	990

Total Other Intangible Assets	$	11,713	$	(9,187	)	$	2,526			$	11,713	$	(9,067	)	$	2,646

(1) A trade name that was previously classified as an indefinite-lived asset was reclassified as a definite-lived asset as of June 30, 2026. See Note 2 - Summary of Significant Accounting Policies for additional information.

Amortization expense on intangible assets was $0.1 million for the three months ended June 30, 2026. Amortization expense on intangible assets was $0.2 million for the three months ended June 30, 2025.