XML 38 R13.htm IDEA: XBRL DOCUMENT v3.25.0.1
GOODWILL
12 Months Ended
Dec. 31, 2024
GOODWILL.  
GOODWILL

5.GOODWILL

The Company’s acquisition of substantially all of the assets and assumption of certain liabilities of Southern Hydraulic Cylinder, Inc. resulted in the recognition of approximately $8.4 million of goodwill. For additional information on the Company’s acquisition from Southern Hydraulic Cylinder, Inc., see Note 2 – “Business Combinations”.

The following table summarizes the changes in the carrying amount of goodwill:

(in thousands)

Balance as of December 31, 2023

$

20,022

SHC, Inc.

(24)

Balance as of December 31, 2024

$

19,998