v3.26.1
GOODWILL
6 Months Ended
Jun. 30, 2026
GOODWILL [Abstract]  
GOODWILL

Note 7 — Goodwill:

As described above in Note 2, “Business Combinations,” on January 27, 2026, the Company acquired CMB.Tech’s 50% equity interest in TUKA and recognized $7.6 million of goodwill at the time of acquisition.

The changes in goodwill during the six months ended June 30, 2026 were as follows:

(Dollars in thousands)

Amounts

Balance at December 31, 2025

$

Acquisition of TUKA

7,624

Foreign currency translation adjustment

(255)

Balance at June 30, 2026

$

7,369