Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.2.u1
Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets are comprised of the following:

 

 

Weighted Average Amortization Period

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

At June 30, 2024

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

Customer relationships

8 - 20 years

 

$

16,200

 

 

$

2,186

 

 

$

14,014

 

Technology and technical know-how

10 - 20 years

 

 

12,600

 

 

 

1,724

 

 

 

10,876

 

Backlog

4 years

 

 

3,900

 

 

 

3,733

 

 

 

167

 

Tradename

3 years

 

 

300

 

 

 

66

 

 

 

234

 

 

 

 

$

33,000

 

 

$

7,709

 

 

$

25,291

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Tradename

Indefinite

 

$

6,700

 

 

$

 

 

$

6,700

 

 

 

 

$

6,700

 

 

$

 

 

$

6,700

 

 

 

 

Weighted Average Amortization Period

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

At June 30, 2023

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

Customer relationships

20 years

 

$

11,800

 

 

$

1,229

 

 

$

10,571

 

Technology and technical know-how

20 years

 

 

10,100

 

 

 

1,052

 

 

 

9,048

 

Backlog

4 years

 

 

3,900

 

 

 

3,162

 

 

 

738

 

 

 

 

$

25,800

 

 

$

5,443

 

 

$

20,357

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Tradename

Indefinite

 

$

6,700

 

 

$

 

 

$

6,700

 

 

 

 

$

6,700

 

 

$

 

 

$

6,700

 

Schedule of Estimated Annual Amortization Expense The estimated annual amortization expense by fiscal year is as follows:

 

 

Annual Amortization

 

Remainder of 2025

 

$

1,664

 

2026

 

 

1,995

 

2027

 

 

1,953

 

2028

 

 

1,895

 

2029

 

 

1,895

 

2030 and thereafter

 

 

15,889

 

Total intangible amortization

 

$

25,291