GOODWILL

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

The following table summarizes the changes in the carrying amount of goodwill at December 31 as follows:

(In thousands)	Aerospace		Test Systems		Total
Balance at December 31, 2022	$	36,534	$	21,635	$	58,169
Foreign Currency Translations and Other	41		—		41
Balance at December 31, 2023	36,575		21,635		58,210
Foreign Currency Translations and Other	(154)		—		(154)
Balance at December 31, 2024	$	36,421	$	21,635	$	58,056
Goodwill, Gross	$	157,122	$	21,635	$	178,757
Accumulated Impairment Losses	(120,701)		—		(120,701)
Goodwill, Net	$	36,421	$	21,635	$	58,056

The Company’s four reporting units with goodwill as of the first day of our fourth quarters of 2024, 2023 and 2022 were subject to the annual goodwill impairment test. Based on our quantitative assessments of our reporting units performed during our annual goodwill impairment tests, the Company concluded that no impairment to the carrying value of goodwill in any of the Company’s reporting units was indicated and no impairment charges were recognized in 2024, 2023 and 2022.