| Intangible Assets |
NOTE 5 – 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 December 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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$ |
3,896 |
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$ |
12,304 |
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Technology and technical know-how |
10 - 20 years |
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13,250 |
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2,867 |
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10,383 |
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Tradename |
3 years |
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|
300 |
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217 |
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83 |
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$ |
29,750 |
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$ |
6,980 |
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$ |
22,770 |
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Intangibles not subject to amortization: |
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Goodwill |
Indefinite |
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$ |
26,181 |
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$ |
— |
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$ |
26,181 |
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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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$ |
32,881 |
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$ |
— |
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$ |
32,881 |
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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 $510 and $554 for the three months ended December 31, 2025 and 2024, respectively, and $1,507 and $1,663 for the nine months ended December 31, 2025 and 2024, respectively. The estimated annual future amortization expense by fiscal year is as follows:
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Annual Amortization |
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Remainder of 2026 |
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$ |
515 |
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2027 |
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2,018 |
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2028 |
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1,960 |
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2029 |
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1,960 |
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2030 |
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|
1,960 |
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2031 and thereafter |
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14,357 |
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Total intangible amortization |
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$ |
22,770 |
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