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Note 15 - Goodwill
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Goodwill Disclosure [Text Block]
15.Goodwill

 

Our operating segments, NLA, ESSA, MENA and APAC, are also our reporting units. The allocation of goodwill by operating segment was as follows (in thousands):

 

  

December 31,

 
  

2025

  

2024

 

NLA

 $161,986  $164,505 

ESSA

  101,385   102,379 

MENA

  51,595   49,579 

APAC

  33,592   32,455 

Total

 $348,558  $348,918 

 

The following table provides the gross carrying amount and cumulative impairment expense of goodwill for each operating segment as of  December 31, 2025 and 2024 (in thousands):

 

  

2025

  

2024

 
  

Cost

  

Measurement period adjustments

  

Accumulated impairment

  

Net Book Value

  

Cost

  

Acquired in acquisitions

  

Measurement period adjustments

  

Accumulated impairment

  

Net Book Value

 

NLA

 $201,846  $(2,519) $(37,341) $161,986  $176,853  $22,986  $2,007  $(37,341) $164,505 

ESSA

  116,857   (994)  (14,478)  101,385   97,797   18,197   863   (14,478)  102,379 

MENA

  175,962   2,016   (126,383)  51,595   131,824   42,140   1,998   (126,383)  49,579 

APAC

  72,568   1,137   (40,113)  33,592   59,528   12,450   590   (40,113)  32,455 

Total

 $567,233  $(360) $(218,315) $348,558  $466,002  $95,773  $5,458  $(218,315) $348,918 

 

During April 2025, the Company made net measurement period adjustments of $0.4 million related to the Coretrax Acquisition. During 2024, the Company initially recognized goodwill totaling $95.8 million from the Coretrax Acquisition and made net measurement period adjustments of $5.5 million related to the Coretrax Acquisition and PRT Acquisition. Please see Note 3 “Business combinations and dispositions” for additional information.

 

No goodwill impairment expense was recognized during the years ended December 31, 2025, 2024 and 2023.