XML 28 R17.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value Measurement
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
There were no assets or liabilities measured on a recurring basis as of June 30, 2025 or December 31, 2024. The Company had no assets or liabilities Level 3 fair value measurements during the three months ended June 30, 2025 or during the year ended December 31, 2024.
Valuation Techniques
The Company has not changed its valuation techniques in measuring the fair value of any of its other financial assets and liabilities during the period. For details of the Company’s fair value measurement policies under the fair value hierarchy, refer to the Company’s 2024 Form 10-K/A for the year ended December 31, 2024.
Nonrecurring Fair Value Measurements
The following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of June 30, 2025 and December 31, 2024. Refer to "Note F - Goodwill and Intangible Assets", for a description of the valuation techniques used to determine fair value of the assets measured on a non-recurring basis in the tables below.
Expense
Fair Value Measurements at June 30, 2025Six months ended
(in thousands)Carrying
Value
Level 1Level 2Level 3June 30, 2025
Property, plant and equipment - Lugano3,114 — — $3,114 $29,528 
Right-of-use asset - Lugano37,949 — — $37,949 $1,884 
Expense
Fair Value Measurements at December 31, 2024Year ended
(in thousands)Carrying
Value
Level 1Level 2Level 3December 31, 2024
Goodwill - Velocity$— — — $— $8,182