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GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2025

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

7. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill were:

​	​	​	​	​
​	​	December 31, 2025	​ ​ ​	December 31, 2024
Goodwill	​	$ 17,226	​	$ 16,982
Acquisitions	​	-	​	3,737
Impairments	​	-	​	(2,386)
Currency translation impact	​	646	​	(1,107)
Total goodwill	​	$ 17,872	​	$ 17,226

​

The Company performed its annual goodwill impairment testing in the fourth quarter of 2025 and 2024. In 2024, the Company determined that the goodwill associated with SUCCESS^® was impaired. The Company recognized goodwill impairment charge of $2,386 for the year ended December 31, 2024.

The Company has a risk of future impairment to the extent that individual reporting unit performance does not meet projections. Additionally, if current assumptions and estimates, including projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates and other market factors, are not met, or if valuation factors outside of the Company’s control change unfavorably, the estimated fair value of goodwill could be adversely affected, leading to a potential impairment in the future.  

Definite-lived intangible assets were as follows:

​	​	​	​	​	​	​	​	​
​	​	December 31, 2025
​	​	Gross	​	Accumulated	​	​	​	Net Carrying
​	​ ​ ​	Amount	​ ​ ​	Amortization	​ ​ ​	Impairment	​	Amount
Trade name		$ 2,068		($ 1,262)		$ -	​	$ 806
Existing technology	​	5,996	​	(4,871)	​	-	​	1,125
Non-competition agreements	​	476	​	(368)	​	-	​	108
Customer relationships	​	2,011	​	(1,051)	​	-	​	960
Licensing agreement	​	210	​	(210)	​	-	​	-
Intellectual property	​	1,453	​	(31)	​	-	​	1,422
Total intangible assets		$ 12,214		($ 7,793)		$ -	​	$ 4,421

​

​	​	​	​	​	​	​	​	​
​	​	December 31, 2024
​	​	Gross	​	Accumulated	​	​	​	Net Carrying
​	​	Amount	​ ​ ​	Amortization	​ ​ ​	Impairment	​	Amount
Trade name		$ 2,042		($ 943)		$ -	​	$ 1,099
Existing technology	​	5,349	​	(2,564)	​	-	​	2,785
Non-competition agreements	​	461	​	(272)	​	-	​	189
Customer relationships	​	2,560	​	(503)	​	(549)	​	1,508
Licensing agreement	​	210	​	(210)	​	-	​	-
Intellectual property	​	3,448	​	(578)	​	(1,995)	​	875
Total intangible assets		$ 14,070		($ 5,070)		($ 2,544)	​	$ 6,456

​

For the years ended December 31, 2025, 2024 and 2023, amortization expense for definite-lived intangible assets was $2,692, $2,454, and $2,540, respectively.

As part of the Company’s annual assessment, the Company also reviews the useful lives of its amortizable intangible assets and determines if there should be any change to the amortization period. In 2024, for amortizable intangible assets related to SUCCESS^®, the Company recognized an impairment loss related to the net book value of the customer lists of $549 and content of $1,995.

In 2025, there was no impairment of goodwill or intangible assets, and there was no change to the useful lives of amortizable intangible assets.

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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