GOODWILL

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

The following table summarizes the change in the carrying amount of goodwill during the six months ended June 30, 2025 (in thousands):

	Gross Carrying Amount		Accumulated Impairment		Goodwill
Balance as of December 31, 2024	$	—	$	—	$	—
Acquisition of Beowulf E&D	55,457		—		55,457
Balance as of June 30, 2025	$	55,457	$	—	$	55,457

Goodwill attributed to the acquisition reflects the Company’s allocation of purchase consideration in excess of the estimated fair values of net assets acquired. The Company recorded no impairment during the three and six months ended June 30, 2025.