GOODWILL

12 Months Ended

Dec. 31, 2025

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, 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
Acquisitions	4,759		—		4,759
Foreign Currency Translations and Other	108		—		108
Balance at December 31, 2025	$	41,288	$	21,635	$	62,923
Goodwill, Gross	$	161,989	$	21,635	$	183,624
Accumulated Impairment Losses	(120,701)		—		(120,701)
Goodwill, Net	$	41,288	$	21,635	$	62,923

The Company’s five reporting units with goodwill as of the first day of our fourth quarters of 2025, 2024 and 2023 were subject to the annual goodwill impairment test. Based on our 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 2025, 2024 and 2023.