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GOODWILL | 12 Months Ended
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Dec. 31, 2023
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, 2021 | $ | 36,648 |  |  | $ | 21,634 |  |  | $ | 58,282 |
Foreign Currency Translations and Other | (114) |  |  | 1 |  |  | (113) |
Balance at December 31, 2022 | 36,534 |  |  | 21,635 |  |  | 58,169 |
Foreign Currency Translations and Other | 41 |  |  | — |  |  | 41 |
Balance at December 31, 2023 | $ | 36,575 |  |  | $ | 21,635 |  |  | $ | 58,210 |
Goodwill, Gross | $ | 157,276 |  |  | $ | 21,635 |  |  | $ | 178,911 |
Accumulated Impairment Losses | (120,701) |  |  | — |  |  | (120,701) |
Goodwill, Net | $ | 36,575 |  |  | $ | 21,635 |  |  | $ | 58,210 |
The Company’s four reporting units with goodwill as of the first day of our fourth quarters of 2023, 2022 and 2021 were subject to the annual goodwill impairment test. Based on our quantitative 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 2023, 2022 and 2021.

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