XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

DIVESTITURES | 9 Months Ended
--- | ---
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
DIVESTITURES | NOTE 4 - DIVESTITURES In September 2025, the Company entered into a definitive agreement for the sale of its 3DXpert and Oqton businesses to Hubb Global Holdings, LLC for $3.5 million plus a revenue-based royalty of up to $12.9 million. 3DXpert and Oqton are included in our Industrial Solutions segment. On October 31, 2025, the Company completed the sale of the 3DXpert and Oqton businesses, subject to customary adjustments. The Company determined that the associated assets and liabilities met the held for sale criteria during September 2025, with approval by the Company's Board of Directors and the signing of the purchase agreement. Accordingly, the Company classified $1.6 million of assets and $5.1 million of liabilities as held for sale in the Company’s Condensed Consolidated Balance Sheet as of September 30, 2025. No loss was recognized to measure the disposal group at the lower of its carrying value or fair value less costs to sell. The disposal group has not been classified as a discontinued operation in the accompanying condensed consolidated financial statements, as the sale of 3DXpert and Oqton does not constitute a strategic shift that would have a major effect on the Company’s operations. The following table summarizes the assets and liabilities of 3DXpert and Oqton that have been classified as held for sale at September 30, 2025:
(in thousands) | September 30, 2025
Assets |
Prepaid expenses and other current assets | $ | 294 |
Total current assets held for sale | 294 |
Property and equipment, net | 77 |
Intangible assets, net | 3 |
Other assets | 1,187 |
Total assets held for sale | $ | 1,561 |
Liabilities |
Accounts payable | $ | 149 |
Accrued and other liabilities | 529 |
Customer deposits | 50 |
Deferred revenue | 2,941 |
Total current liabilities held for sale | 3,669 |
Other liabilities | 1,408 |
Total liabilities held for sale | $ | 5,077 |
In December 2024, the Company entered into a definitive agreement with Hexagon AB for the sale of its Geomagic software business ("Geomagic"), which was included in our Industrial Solutions segment. On April 1, 2025, the Company completed the sale of Geomagic and received $119.4 million in cash, which reflected applicable purchase price adjustments under the Asset Purchase Agreement and Business Transfer Agreement. The Company recorded a pre-tax gain of $125.7 million from the sale of Geomagic in the nine months ended September 30, 2025. No loss was recognized to measure the disposal group at the lower of its carrying value or fair value less costs to sell. The disposal group has not been presented as a discontinued operation in the accompanying condensed consolidated financial statements because the sale of Geomagic does not represent a strategic shift that will have a major effect on the Company’s operations. The Company determined that the associated assets and liabilities met the held for sale criteria in December 2024. The following table summarizes the assets and liabilities of Geomagic:
(in thousands) |  |  | December 31, 2024
Assets |  |  |
Accounts receivable, net |  |  | $ | 765 |
Prepaid expenses and other current assets |  |  | 47 |
Total current assets held for sale |  |  | 812 |
Intangible assets, net |  |  | 917 |
Other assets |  |  | 1,447 |
Total assets held for sale |  |  | $ | 3,176 |
Liabilities |  |  |
Accounts payable |  |  | $ | 491 |
Accrued and other liabilities |  |  | 303 |
Deferred revenue |  |  | 7,197 |
Total current liabilities held for sale |  |  | 7,991 |
Other liabilities |  |  | 2,260 |
Total liabilities held for sale |  |  | $ | 10,251 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration