GOODWILL

12 Months Ended

Dec. 31, 2025

Goodwill [Abstract]

GOODWILL

7. GOODWILL

The changes in the carrying amount of goodwill for 2025 and 2024 are as follows:

(In thousands)	Aerospace & Industrial		Defense Electronics		Naval & Power		Consolidated
December 31, 2023	$	325,131	$	710,378	$	523,317	$	1,558,826
Acquisitions	—		—		132,153		132,153
Foreign currency translation adjustment	(1,627)		(8,659)		(4,975)		(15,261)
December 31, 2024	$	323,504	$	701,719	$	650,495	$	1,675,718
Adjustments(1)	—		—		(10,969)		(10,969)
Foreign currency translation adjustment	4,661		12,883		10,197		27,741
December 31, 2025	$	328,165	$	714,602	$	649,723	$	1,692,490

(1)Amount includes post-closing purchase price adjustments related to the Corporation's acquisitions of WSC and I&C Solutions.

The Corporation accounts for acquisitions by assigning the purchase price to acquired tangible and intangible assets and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts assigned is recorded as goodwill.

The Corporation completed its annual goodwill impairment testing as of October 31, 2025, 2024, and 2023 and concluded that there was no impairment of goodwill.