Note 7 Goodwill and Other Intangible Assets

The following tables summarize the Company’s other intangible assets in (“000’s”):

Intangible assets are amortized over the estimated useful lives of the respective assets on a straight-line basis. Total amortization expense for the three and six months ended June 30, 2026 and 2025 was $37.0 and $2.0 thousand and $70.0 and $4.0 thousand, respectively.

Total future amortization expense for finite-lived intangible assets was estimated as follows in (“000’s):

The future amortization schedule above excludes $64.0 thousand of indefinite-lived trademarks, which are not subject to amortization and are tested for impairment at least annually.

Note 7 Goodwill and Other Intangible Assets (cont.)

The changes in the carrying amount of goodwill for the six months ended June 30, 2026 are as follows in (“000’s”):

2025 Impairment Assessment

During the year ended December 31, 2025, the Company engaged Loop Capital and performed a quantitative goodwill impairment test for the Instone reporting unit as of October 1, 2025. The estimated fair value of the reporting unit was determined using a weighted blend of the income approach (discounted cash flow method, 50% weight), the guideline public company method (25% weight), and the guideline merged and acquired company method (25% weight). The blended enterprise value of approximately $28,148.0 thousand, after adjustment for net debt of approximately $14,632.0 thousand, resulted in an estimated fair value of equity of $13,516.0 thousand, which was $6.2 million (31.4%) below the carrying value of $19.7 million. Accordingly, the Company recorded a goodwill impairment charge of $6.2 million during the fourth quarter of 2025. Following the impairment charge, goodwill allocated to the Instone reporting unit was $17.1 million as of December 31, 2025.