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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill consisted of the following:
December 31, 2024
Industrial OperationsEnergy OperationsManufacturing OperationsTotal
(In thousands)
Beginning balance$7,541 $1,449 $— $8,990 
Acquisition of business— — 20,628 20,628 
Effect of foreign currency translation— — (279)(279)
Impairment losses— — — — 
Ending balance$7,541 $1,449 $20,349 $29,339 
December 31, 2023
Industrial OperationsEnergy OperationsTotal
(In thousands)
Beginning balance$7,541 $— $7,541 
Acquisition of business— 1,449 1,449 
Impairment losses— — — 
Ending balance$7,541 $1,449 $8,990 
Schedule of Finite-Lived Intangible Assets
Other intangible assets, net consisted of the following:
December 31, 2024
Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Book Value
(In thousands)
Patents:
Intellectual property operations6 years$351,403 $(332,211)$19,192 
Industrial operations7 years3,400 (1,568)1,832 
Total patents354,803 (333,779)21,024 
Customer relationships:
Industrial operations7 years5,300 (2,446)2,854 
Manufacturing operations15 years20,200 (269)19,931 
Total customer relationships25,500 (2,715)22,785 
Trade name and trademarks
Industrial operations7 years3,430 (1,583)1,847 
Manufacturing operations10 years400 (8)392 
Manufacturing operationsIndefinite8,009 — 8,009 
Total trade name and trademarks11,839 (1,591)10,248 
Developed technology - manufacturing operations10 years1,000 (20)980 
Favorable leases - manufacturing operations1.9 years704 (312)392 
Total$393,846 $(338,417)$55,429 
December 31, 2023
Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Book Value
(In thousands)
Patents:
Intellectual property operations6 years$341,403 $(316,114)$25,289 
Industrial operations7 years3,400 (1,083)2,317 
Total patents344,803 (317,197)27,606 
Customer relationships - industrial operations7 years5,300 (1,689)3,611 
Trade name and trademarks - industrial operations7 years3,430 (1,091)2,339 
Total$353,533 $(319,977)$33,556 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents the scheduled annual aggregate amortization expense (in thousands):
Years Ending December 31,
2025$20,108 
20265,796 
20273,356 
20282,957 
20291,623 
Thereafter13,580 
Total$47,420