v3.26.1
Goodwill
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill

 

4. Goodwill

 

The following table presents the changes in the carrying value of goodwill for the periods indicated:

 

Schedule of Goodwill

(In thousands)  Avionics   Drones   Electric Air Mobility   Training   Total 
Balance as of January 1, 2026  $-   $121,765   $434,347   $15,541   $571,653 
Effect of exchange rate   -    (3,443)   -    -    (3,443)
Balance as of June 30, 2026  $-   $118,322   $434,347   $15,541   $568,210 
                          
Balance as of January 1, 2025  $-   $107,620   $434,347   $15,541   $557,508 
Effect of exchange rate   -    14,524    -    -    14,524 
Balance as of June 30, 2025  $-   $122,144   $434,347   $15,541   $572,032 

 

The Company evaluates goodwill for impairment as of October 1 each year, and more frequently if events or circumstances indicate that there may be impairment. The Company completed its most recent annual goodwill impairment test as of October 1, 2025 and determined that no goodwill impairment existed. No triggering events were identified during the six months ended June 30, 2026 that would require an interim impairment assessment.