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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The Company’s carrying amount of goodwill remained unchanged at $143.2 million as of both December 31, 2025 and 2024. The Company’s reporting units are E&M, T&D, and Wagner Smith Equipment (“WSE”). WSE is within the T&D reportable segment. Goodwill also remained unchanged for each reportable segment as of both December 31, 2025 and 2024, with $115.9 million for E&M and $27.3 million for T&D. No impairments of goodwill were recorded for the years ended December 31, 2025, 2024 and 2023.
Other Intangible Assets
Finite-lived intangible assets, which were classified in Other noncurrent assets, were as follows as of December 31:
2024
(In thousands)
Customer relationships$10,450 
Less: accumulated amortization
(10,334)
Net customer relationships
116 
Total $116 
During the third quarter of 2025, the Company wrote off the remaining asset cost and associated accumulated amortization of the finite-lived intangible assets related to customer relationships that were fully amortized.
For the years ended December 31, 2025, 2024 and 2023, amortization expense for finite-lived intangible assets was $0.1 million, $1.9 million and $2.1 million, respectively. As a result of the finite-lived intangible assets being fully amortized during the first quarter of 2025, there was no future amortization expense remaining for finite-lived intangible assets.
Amortization expense is recognized in Selling, general and administrative expenses in the consolidated statements of income.
No impairments of finite-lived intangible assets were recorded for the years ended December 31, 2025, 2024 and 2023.