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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2026
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | 5. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The following table summarizes the changes in goodwill for the three and six months ended June 30, 2026: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Product | ​ ​ ​ | Distribution | ​ ​ ​ | Total
Balance, December 31, 2025 | ​ | $ | 178,790 | ​ | $ | 2,616 | ​ | $ | 181,406
TYR acquisition | ​ | ​ | 50,441 | ​ | ​ | — | ​ | ​ | 50,441
Zircaloy measurement period adjustments | ​ | ​ | 344 | ​ | ​ | — | ​ | ​ | 344
Foreign currency translation adjustments | ​ |  | (966) | ​ |  | — | ​ |  | (966)
Balance, March 31, 2026 | ​ | $ | 228,609 | ​ | $ | 2,616 | ​ | $ | 231,225
Alien Gear acquisition | ​ | ​ | 2,932 | ​ | ​ | — | ​ | ​ | 2,932
TYR measurement period adjustments | ​ | ​ | 32 | ​ | ​ | — | ​ | ​ | 32
Foreign currency translation adjustments | ​ | ​ | (282) | ​ | ​ | — | ​ | ​ | (282)
Balance, June 30, 2026 | ​ | $ | 231,291 | ​ | $ | 2,616 | ​ | $ | 233,907
​ Gross goodwill and accumulated impairment losses were $241,492 and $7,585, respectively, as of June 30, 2026 and $188,991 and $7,585, respectively, as of December 31, 2025. Intangible Assets Intangible assets such as certain customer relationships and patents on core technologies and product technologies are amortizable over their estimated useful lives. Certain trade names and trademarks which provide exclusive and perpetual rights to manufacture and sell their respective products are deemed indefinite-lived and are therefore not subject to amortization. Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2026
​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | Weighted
​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | Average
​ | ​ | Gross | ​ | Amortization | ​ | Net |  | Useful Life
Definite-lived intangibles: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Customer relationships | ​ | $ | 138,384 |  | $ | (75,672) |  | $ | 62,712 |  | 18
Technology | ​ |  | 93,057 |  |  | (23,224) |  |  | 69,833 |  | 16
Tradenames | ​ |  | 33,134 |  |  | (8,923) |  |  | 24,211 |  | 13
Non-compete agreements | ​ |  | 1,025 |  |  | (1,025) |  |  | — |  | -
​ | ​ | $ | 265,600 |  | $ | (108,844) |  | $ | 156,756 | ​ | ​
Indefinite-lived intangibles: | ​ |  | ​ |  |  | ​ |  |  | ​ |  | ​
Tradenames | ​ |  | 17,392 |  |  | — |  |  | 17,392 |  | Indefinite
Total | ​ | $ | 282,992 |  | $ | (108,844) |  | $ | 174,148 |  | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025
​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | Weighted
​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | Average
​ | ​ | Gross | ​ | Amortization | ​ | Net |  | Useful Life
Definite-lived intangibles: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Customer relationships | ​ | $ | 112,693 |  | $ | (73,577) |  | $ | 39,116 |  | 17
Technology | ​ |  | 69,056 |  |  | (20,587) |  |  | 48,469 |  | 13
Tradenames | ​ |  | 18,045 |  |  | (8,078) |  |  | 9,967 |  | 12
Non-compete agreements | ​ |  | 1,037 |  |  | (1,037) |  |  | — |  | -
​ | ​ | $ | 200,831 |  | $ | (103,279) |  | $ | 97,552 | ​ | ​
Indefinite-lived intangibles: | ​ |  | ​ |  |  | ​ |  |  | ​ |  | ​
Tradenames | ​ |  | 17,432 |  |  | — |  |  | 17,432 |  | Indefinite
Total | ​ | $ | 218,263 |  | $ | (103,279) |  | $ | 114,984 |  | ​
​ ​ Amortization expense for the three months ended June 30, 2026 and 2025 was $3,219 and $2,431, respectively, of which $1,501 and $1,198 was included in cost of goods sold in the condensed consolidated statements of operations and comprehensive income for the respective periods. Amortization expense for the six months ended June 30, 2026 and 2025 was $6,117 and $4,526, respectively, of which $2,884 and $2,272 was included in cost of goods sold in the condensed consolidated statements of operations and comprehensive income for the respective periods. The estimated amortization expense for definite-lived intangible assets for the remaining six months of 2026, the next four years and thereafter is as follows: ​
​ | ​ | ​ | ​
Remainder of 2026 | ​ ​ ​ | $ | 6,411
2027 | ​ |  | 12,301
2028 | ​ |  | 12,301
2029 | ​ |  | 12,201
2030 | ​ |  | 11,498
Thereafter | ​ |  | 102,044
Total | ​ | $ | 156,756
​

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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 + Details
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