| Intangible Assets |
NOTE 4 – INTANGIBLE ASSETS:
Intangible assets are comprised of the following:
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Weighted Average Amortization Period |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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At September 30, 2025 |
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Intangibles subject to amortization: |
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Customer relationships |
8 - 20 years |
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$ |
16,200 |
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$ |
3,611 |
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$ |
12,589 |
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Technology and technical know-how |
10 - 20 years |
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12,600 |
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2,667 |
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9,933 |
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Tradename |
3 years |
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300 |
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192 |
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|
108 |
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$ |
29,100 |
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$ |
6,470 |
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$ |
22,630 |
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Intangibles not subject to amortization: |
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Goodwill |
Indefinite |
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$ |
25,520 |
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$ |
— |
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$ |
25,520 |
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Tradename |
Indefinite |
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6,700 |
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— |
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6,700 |
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$ |
32,220 |
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$ |
— |
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$ |
32,220 |
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Weighted Average Amortization Period |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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At March 31, 2025 |
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Intangibles subject to amortization: |
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Customer relationships |
8 - 20 years |
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$ |
16,200 |
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$ |
3,041 |
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$ |
13,159 |
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Technology and technical know-how |
10 - 20 years |
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12,600 |
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2,290 |
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10,310 |
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Backlog |
4 years |
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3,900 |
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3,900 |
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— |
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Tradename |
3 years |
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|
300 |
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|
142 |
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|
158 |
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$ |
33,000 |
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$ |
9,373 |
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$ |
23,627 |
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Intangibles not subject to amortization: |
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Goodwill |
Indefinite |
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$ |
25,520 |
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$ |
— |
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$ |
25,520 |
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Tradename |
Indefinite |
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6,700 |
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— |
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6,700 |
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$ |
32,220 |
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$ |
— |
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$ |
32,220 |
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Intangible amortization was $498 and $555 for the three months ended September 30, 2025 and 2024, respectively, and $997 and $1,109 for the six months ended September 30, 2025 and 2024, respectively. The estimated annual future amortization expense by fiscal year is as follows:
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Annual Amortization |
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Remainder of 2026 |
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$ |
998 |
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2027 |
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1,953 |
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2028 |
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1,895 |
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2029 |
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1,895 |
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2030 |
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1,895 |
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2031 and thereafter |
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13,994 |
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Total intangible amortization |
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$ |
22,630 |
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