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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 sale294 
Property and equipment, net77 
Intangible assets, net3 
Other assets1,187 
Total assets held for sale$1,561 
Liabilities
Accounts payable$149 
Accrued and other liabilities529 
Customer deposits50 
Deferred revenue2,941 
Total current liabilities held for sale3,669 
Other liabilities1,408 
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 assets47 
Total current assets held for sale812 
Intangible assets, net917 
Other assets1,447 
Total assets held for sale$3,176 
Liabilities
Accounts payable$491 
Accrued and other liabilities303 
Deferred revenue7,197 
Total current liabilities held for sale7,991 
Other liabilities2,260 
Total liabilities held for sale$10,251