The changes in the carrying amount of goodwill, which is assigned entirely to the Company’s EMP segment (see Note 19 – Segments), during the six months ended July 3, 2026 were as follows (in thousands):


	Amount
Balance as of December 31, 2025	$	4,583
Foreign currency translation adjustment	(56)
Balance as of July 3, 2026	$	4,527

The Company had no accumulated impairment losses as of July 3, 2026 or December 31, 2025.

The gross carrying amount and accumulated amortization of the Company’s intangible assets consisted of the following as of July 3, 2026 (in thousands):


	Gross Carrying Value		Accumulated Amortization		Foreign Currency Translation Adjustment		Net Carrying Value		Weighted Average Remaining Amortization Period
Intangible assets:
Customer relationships	$	10,656	$	(5,612)	$	10	$	5,054	5.2 years
Trademarks and patents	2,181		(677)		—		1,504		10.4 years
Total intangible assets	$	12,837	$	(6,289)	$	10	$	6,558

The gross carrying amount and accumulated amortization of the Company’s intangible assets consisted of the following as of December 31, 2025 (in thousands):


	Gross Carrying Value		Accumulated Amortization		Foreign Currency Translation Adjustment		Net Carrying Value		Weighted Average Remaining Amortization Period
Intangible assets:
Customer relationships	$	10,656	$	(5,069)	$	19	$	5,606	5.6 years
Trademarks and patents	2,181		(603)		—		1,578		10.9 years
Total intangible assets	$	12,837	$	(5,672)	$	19	$	7,184

During the three months ended July 3, 2026 and June 30, 2025, the Company recognized aggregate amortization expense of approximately $0.3 million, of which $0.2 million was included within general and administrative expense and $0.1 million was included within cost of goods sold in the consolidated statements of operations for both periods then ended.

During the six months ended July 3, 2026 and June 30, 2025, the Company recognized aggregate amortization expense of approximately $0.6 million, of which $0.4 million was included within general and administrative expense and $0.2 million was included within cost of goods sold in the consolidated statements of operations for both periods then ended.

As of July 3, 2026, estimated future amortization expense of finite-lived intangible assets is as follows (in thousands):


Fiscal Year	Amount
Remaining 2026	$	607
2027	1,236
2028	1,236
2029	1,236
2030	705
Thereafter	1,538
	$	6,558