| Schedule of Goodwill |
The table below summarizes the changes in the Company’s goodwill balances:
|
|
|
|
|
|
|
Total Goodwill |
|
|
|
(in thousands) |
|
Balance at January 1, 2025 |
|
$ |
225,146 |
|
Acquisitions |
|
|
127,367 |
|
Impairments |
|
|
— |
|
Balance at December 31, 2025 |
|
|
352,513 |
|
Acquisitions |
|
|
199,243 |
|
Impairments |
|
|
— |
|
Foreign Currency Translation |
|
|
(1,118 |
) |
Balance at September 30, 2026 |
|
$ |
550,638 |
|
|
| Schedule of Carrying Amount Identifiable Intangible Assets |
The table below summarizes the carrying amounts of the Company’s identifiable intangible assets as of September 30, 2026 and December 31, 2025, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2026 |
|
|
As of December 31, 2025 |
|
|
Weighted Average Amortization Period |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
(in years) |
|
|
(in thousands) |
|
Trade Names (3.0 years) |
|
3.0 |
|
|
$ |
2,000 |
|
|
$ |
(444 |
) |
|
$ |
1,556 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Patents (9 years) |
|
9.0 |
|
|
|
2,722 |
|
|
|
(1,303 |
) |
|
|
1,419 |
|
|
|
2,722 |
|
|
|
(1,076 |
) |
|
|
1,646 |
|
Know-How (7.0 - 15.0 years) |
|
10.2 |
|
|
|
40,324 |
|
|
|
(4,359 |
) |
|
|
35,965 |
|
|
|
15,686 |
|
|
|
(1,841 |
) |
|
|
13,845 |
|
Customer Backlogs (0.8 - 7.5 years) |
|
3.2 |
|
|
|
75,233 |
|
|
|
(49,582 |
) |
|
|
25,651 |
|
|
|
47,750 |
|
|
|
(39,782 |
) |
|
|
7,968 |
|
Customer Relationships (10.0 - 19.0 years) |
|
16.6 |
|
|
|
359,852 |
|
|
|
(86,466 |
) |
|
|
273,386 |
|
|
|
333,300 |
|
|
|
(70,871 |
) |
|
|
262,429 |
|
Customer Contracts (8.0 years) |
|
8.0 |
|
|
|
17,500 |
|
|
|
(1,458 |
) |
|
|
16,042 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total Intangible Assets |
|
|
|
$ |
497,631 |
|
|
$ |
(143,612 |
) |
|
$ |
354,019 |
|
|
$ |
399,458 |
|
|
$ |
(113,570 |
) |
|
$ |
285,888 |
|
|