GOODWILL AND INTANGIBLES, NET

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

NOTE 2 – GOODWILL AND INTANGIBLES, NET

The annual review of goodwill impairment will be performed in October 2026. There were no triggering events during the three and six months ended June 30, 2026 and 2025.

The Company had goodwill of $81.7 million at June 30, 2026 and December 31, 2025.

Intangible assets consisted of the following at June 30, 2026 and December 31, 2025 (in 000’s):


	June 30, 2026		December 31, 2025		Useful Life
Technology and know-how	$	53,600	$	53,600	15 years
Trademarks and tradenames	17,700		17,700		15 years
	71,300		71,300
Accumulated amortization of technology and know-how	(27,692)		(25,906)
Accumulated amortization of tradenames and trademarks	(9,146)		(8,555)
Total intangible assets	$	34,462	$	36,839

Amortization of intangible assets will be $4.8 million per year for each of the next five fiscal years.

Aggregate amortization expense on intangible assets was approximately $1.2 million for both of the three months ended June 30, 2026 and 2025 and $2.4 million for both of the six months ended June 30, 2026 and 2025.