Annual report [Section 13 and 15(d), not S-K Item 405]

GOODWILL

v3.25.4
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.