Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

(5) Goodwill and Intangible Assets

The carrying amount of goodwill totaled $66.2 million at December 31, 2025, and 2024. There were no changes in goodwill during the year ending December 2025.

The following are changes to the carrying amount of goodwill during the year ending December 31, 2024 (in thousands):

	Gross		Accumulated Impairment			Net
Balance at December 31, 2023	$	62,328	$	(714	)	$	61,614
Goodwill acquired		4,538		-			4,538
Balance at December 31, 2024	$	66,866	$	(714	)	$	66,152

Intangible assets consisted of the following at December 31, 2025:

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)			(In thousands)
Non-amortizing intangible assets:
Indefinite trade name				$	1,191			$	1,191
Amortizing intangible assets:
Customer related	5	-	15		9,772		9,317		455
Technology	3	-	7		2,790		2,209		581
Trade names		10			1,572		1,572		—
Total amortizing intangible assets					14,134		13,098		1,036
Total intangible assets other than goodwill				$	15,325	$	13,098	$	2,227

Intangible assets consisted of the following at December 31, 2024:

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)			(In thousands)
Non-amortizing intangible assets:
Indefinite trade name				$	1,191			$	1,191
Amortizing intangible assets:
Customer related	5	-	15		9,772		9,214		558
Technology	3	-	7		2,790		1,923		867
Trade names		10			1,572		1,572		—
Total amortizing intangible assets					14,134		12,709		1,425
Total intangible assets other than goodwill				$	15,325	$	12,709	$	2,616

Aggregate amortization expense for customer related intangibles, trade names, and technology for the years ended December 31, 2025, 2024, and 2023 was $389,000, $264,000, and $140,000, respectively. Estimated future amortization expense is $249,000, $249,000, $249,000, $166,000, and $83,000 for 2026, 2027, 2028, 2029, and 2030, respectively.