| Goodwill |
The change in the carrying amount of goodwill by reportable segment was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Balance as of December 31, 2025 |
|
$ |
1,307,611 |
|
|
$ |
1,437,740 |
|
|
$ |
2,745,351 |
|
Additions |
|
|
43,231 |
|
|
|
18,223 |
|
|
|
61,454 |
|
Foreign currency translation |
|
|
(895 |
) |
|
|
(6,802 |
) |
|
|
(7,697 |
) |
Balance as of June 30, 2026 |
|
$ |
1,349,947 |
|
|
$ |
1,449,161 |
|
|
$ |
2,799,108 |
|
|
The change in the carrying amount of goodwill by reportable segment were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic
Components |
|
|
Mechanical
Components |
|
|
Total |
|
Beginning balance as of January 1, 2024 |
|
$ |
444,758 |
|
|
$ |
387,284 |
|
|
$ |
832,042 |
|
Additions |
|
|
863,094 |
|
|
|
945,890 |
|
|
|
1,808,984 |
|
Foreign currency translation |
|
|
(1,905 |
) |
|
|
(9,938 |
) |
|
|
(11,843 |
) |
Ending balance as of December 31, 2024 |
|
$ |
1,305,947 |
|
|
$ |
1,323,236 |
|
|
$ |
2,629,183 |
|
Additions |
|
|
— |
|
|
|
86,519 |
|
|
|
86,519 |
|
Foreign currency translation |
|
|
1,664 |
|
|
|
27,985 |
|
|
|
29,649 |
|
Ending balance as of December 31, 2025 |
|
$ |
1,307,611 |
|
|
$ |
1,437,740 |
|
|
$ |
2,745,351 |
|
|
| Intangible Assets |
Intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Weighted-
Average
Remaining
Useful Lives
(in years) |
|
|
Gross Amount |
|
|
Accumulated
Amortization |
|
|
Net Book Value |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer lists / relationships |
|
|
20 |
|
|
$ |
2,173,784 |
|
|
$ |
(323,433 |
) |
|
$ |
1,850,351 |
|
Patents and technology |
|
|
15 |
|
|
|
413,181 |
|
|
|
(54,806 |
) |
|
|
358,375 |
|
Trademarks / trade names |
|
|
13 |
|
|
|
257,236 |
|
|
|
(54,561 |
) |
|
|
202,675 |
|
Total amortized intangible assets |
|
|
|
|
|
2,844,201 |
|
|
|
(432,800 |
) |
|
|
2,411,401 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks / trade names |
|
|
|
|
|
36,800 |
|
|
|
— |
|
|
|
36,800 |
|
Total intangible assets |
|
|
|
|
$ |
2,881,001 |
|
|
$ |
(432,800 |
) |
|
$ |
2,448,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Gross Amount |
|
|
Accumulated
Amortization |
|
|
Net Book Value |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
Customer lists / relationships |
|
$ |
2,107,860 |
|
|
$ |
(273,349 |
) |
|
$ |
1,834,511 |
|
Patents and technology |
|
|
395,546 |
|
|
|
(42,416 |
) |
|
|
353,130 |
|
Trademarks / trade names |
|
|
250,873 |
|
|
|
(45,435 |
) |
|
|
205,438 |
|
Total amortized intangible assets |
|
|
2,754,279 |
|
|
|
(361,200 |
) |
|
|
2,393,079 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
Trademarks / trade names |
|
|
36,800 |
|
|
|
— |
|
|
|
36,800 |
|
Total intangible assets |
|
$ |
2,791,079 |
|
|
$ |
(361,200 |
) |
|
$ |
2,429,879 |
|
|
Intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Weighted-
Average
Remaining
Useful Lives
(in years) |
|
|
Gross
Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer lists / relationships |
|
|
20 |
|
|
$ |
2,107,860 |
|
|
$ |
(273,349 |
) |
|
$ |
1,834,511 |
|
Patents and technology |
|
|
16 |
|
|
|
395,546 |
|
|
|
(42,416 |
) |
|
|
353,130 |
|
Trademarks / trade names |
|
|
14 |
|
|
|
250,873 |
|
|
|
(45,435 |
) |
|
|
205,438 |
|
Total amortized intangible assets |
|
|
|
|
|
2,754,279 |
|
|
|
(361,200 |
) |
|
|
2,393,079 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks / trade names |
|
|
|
|
|
36,800 |
|
|
|
— |
|
|
|
36,800 |
|
Total intangible assets |
|
|
|
|
$ |
2,791,079 |
|
|
$ |
(361,200 |
) |
|
$ |
2,429,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Gross Amount |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
Customer lists / relationships |
|
$ |
2,036,285 |
|
|
$ |
(176,093 |
) |
|
$ |
1,860,192 |
|
Patents and technology |
|
|
355,241 |
|
|
|
(19,559 |
) |
|
|
335,682 |
|
Trademarks / trade names |
|
|
245,018 |
|
|
|
(28,271 |
) |
|
|
216,747 |
|
Total amortized intangible assets |
|
|
2,636,544 |
|
|
|
(223,923 |
) |
|
|
2,412,621 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
Developed technology |
|
|
25,000 |
|
|
|
— |
|
|
|
25,000 |
|
Trademarks / trade names |
|
|
36,800 |
|
|
|
— |
|
|
|
36,800 |
|
Total intangible assets |
|
$ |
2,698,344 |
|
|
$ |
(223,923 |
) |
|
$ |
2,474,421 |
|
|
| Estimated Amortization Expense for Amortized Intangible Assets |
As of June 30, 2026, estimated amortization expense for amortized intangible assets for the next five years and thereafter was as follows:
|
|
|
|
|
Years Ending December 31: |
|
Amount |
|
Remaining portion of 2026 |
|
$ |
74,301 |
|
2027 |
|
|
148,102 |
|
2028 |
|
|
148,002 |
|
2029 |
|
|
147,891 |
|
2030 |
|
|
146,558 |
|
Thereafter |
|
|
1,746,547 |
|
Total expected future amortization expense |
|
$ |
2,411,401 |
|
|
As of December 31, 2025, estimated amortization expense for amortized intangible assets for the next five years and thereafter was as follows:
|
|
|
|
|
Years Ending December 31: |
|
Amount |
|
2026 |
|
$ |
142,040 |
|
2027 |
|
|
142,002 |
|
2028 |
|
|
141,902 |
|
2029 |
|
|
141,789 |
|
2030 |
|
|
140,446 |
|
Thereafter |
|
|
1,684,900 |
|
Total expected future amortization expense |
|
$ |
2,393,079 |
|
|