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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
We have three operating segments which are also our reporting units: Electronic Test, Environmental Technologies and Process Technologies. Goodwill and intangible assets on our Consolidated Balance Sheets are the result of our acquisitions.
Goodwill
Changes in the amount of the carrying value of goodwill for the nine months ended September 30, 2025, are as follows:
(in thousands)
Balance - January 1, 2025$30,744 
Impact of foreign currency translation adjustments1,570 
Balance – September 30, 2025$32,314 
Goodwill was comprised of the following at September 30, 2025, and December 31, 2024:
(in thousands)September 30,
2025		December 31,
2024
Electronic Test$13,904 $12,567 
Environmental Technologies1,817 1,817 
Process Technologies16,593 16,360 
Total goodwill$32,314 $30,744 
Intangible Assets
Changes in the amount of the carrying value of our intangible assets for the nine months ended September 30, 2025 were as follows:
(in thousands)Finite-LivedIndefinite-Lived
Balance - January 1, 2025$16,201 $10,175 
Impact of foreign currency translation adjustments1,484 314 
Amortization(2,504)— 
Balance – September 30, 2025$15,181 $10,489 
The following tables provide further detail about our intangible assets as of September 30, 2025, and December 31, 2024:
September 30, 2025
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$25,146 $13,286 $11,860 
Technology6,259 2,938 3,321 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,405 17,224 15,181 
Indefinite-lived intangible assets:
Trademarks10,489 — 10,489 
Total intangible assets$42,894 $17,224 $25,670 
December 31, 2024
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$23,912 $11,496 $12,416 
Technology5,786 2,001 3,785 
Patents590 590 — 
Backlog481 481 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets31,179 14,978 16,201 
Indefinite-lived intangible assets:
Trademarks10,175 — 10,175 
Total intangible assets$41,354 $14,978 $26,376 
The following table sets forth the estimated annual amortization expense for each of the next five years and thereafter:
(in thousands)
Remaining 2025$908 
20262,592 
20272,043 
20281,687 
20291,355 
Thereafter6,596 
Total estimated amortization of finite-lived intangible assets$15,181