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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the amount of the carrying value of goodwill for the nine months ended September 30, 2025, are as follows:
(in thousands) |  |
Balance - January 1, 2025 |  | $ | 30,744 |
Impact of foreign currency translation adjustments |  | 1,570 |
Balance – September 30, 2025 |  | $ | 32,314 |
Goodwill was comprised of the following at September 30, 2025, and December 31, 2024:
(in thousands) |  | September 30, 2025 |  | December 31, 2024
Electronic Test |  | $ | 13,904 |  |  | $ | 12,567 |
Environmental Technologies |  | 1,817 |  |  | 1,817 |
Process Technologies |  | 16,593 |  |  | 16,360 |
Total goodwill |  | $ | 32,314 |  |  | $ | 30,744 |
Schedule of Indefinite-Lived Intangible Assets | Changes in the amount of the carrying value of our intangible assets for the nine months ended September 30, 2025 were as follows:
(in thousands) |  | Finite-Lived |  | Indefinite-Lived
Balance - January 1, 2025 |  | $ | 16,201 |  |  | $ | 10,175 |
Impact of foreign currency translation adjustments |  | 1,484 |  |  | 314 |
Amortization |  | (2,504) |  |  | — |
Balance – September 30, 2025 |  | $ | 15,181 |  |  | $ | 10,489 |
The following tables provide further detail about our intangible assets as of September 30, 2025, and December 31, 2024:
|  | September 30, 2025
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |
Customer relationships |  | $ | 25,146 |  |  | $ | 13,286 |  |  | $ | 11,860 |
Technology |  | 6,259 |  |  | 2,938 |  |  | 3,321 |
Patents |  | 590 |  |  | 590 |  |  | — |
Software |  | 270 |  |  | 270 |  |  | — |
Trade name |  | 140 |  |  | 140 |  |  | — |
Total finite-lived intangible assets |  | 32,405 |  |  | 17,224 |  |  | 15,181 |
Indefinite-lived intangible assets: |  |  |  |  |  |
Trademarks |  | 10,489 |  |  | — |  |  | 10,489 |
Total intangible assets |  | $ | 42,894 |  |  | $ | 17,224 |  |  | $ | 25,670 |
|  | December 31, 2024
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |
Customer relationships |  | $ | 23,912 |  |  | $ | 11,496 |  |  | $ | 12,416 |
Technology |  | 5,786 |  |  | 2,001 |  |  | 3,785 |
Patents |  | 590 |  |  | 590 |  |  | — |
Backlog |  | 481 |  |  | 481 |  |  | — |
Software |  | 270 |  |  | 270 |  |  | — |
Trade name |  | 140 |  |  | 140 |  |  | — |
Total finite-lived intangible assets |  | 31,179 |  |  | 14,978 |  |  | 16,201 |
Indefinite-lived intangible assets: |  |  |  |  |  |
Trademarks |  | 10,175 |  |  | — |  |  | 10,175 |
Total intangible assets |  | $ | 41,354 |  |  | $ | 14,978 |  |  | $ | 26,376 |
Schedule of Finite-Lived Intangible Assets | Changes in the amount of the carrying value of our intangible assets for the nine months ended September 30, 2025 were as follows:
(in thousands) |  | Finite-Lived |  | Indefinite-Lived
Balance - January 1, 2025 |  | $ | 16,201 |  |  | $ | 10,175 |
Impact of foreign currency translation adjustments |  | 1,484 |  |  | 314 |
Amortization |  | (2,504) |  |  | — |
Balance – September 30, 2025 |  | $ | 15,181 |  |  | $ | 10,489 |
The following tables provide further detail about our intangible assets as of September 30, 2025, and December 31, 2024:
|  | September 30, 2025
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |
Customer relationships |  | $ | 25,146 |  |  | $ | 13,286 |  |  | $ | 11,860 |
Technology |  | 6,259 |  |  | 2,938 |  |  | 3,321 |
Patents |  | 590 |  |  | 590 |  |  | — |
Software |  | 270 |  |  | 270 |  |  | — |
Trade name |  | 140 |  |  | 140 |  |  | — |
Total finite-lived intangible assets |  | 32,405 |  |  | 17,224 |  |  | 15,181 |
Indefinite-lived intangible assets: |  |  |  |  |  |
Trademarks |  | 10,489 |  |  | — |  |  | 10,489 |
Total intangible assets |  | $ | 42,894 |  |  | $ | 17,224 |  |  | $ | 25,670 |
|  | December 31, 2024
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |
Customer relationships |  | $ | 23,912 |  |  | $ | 11,496 |  |  | $ | 12,416 |
Technology |  | 5,786 |  |  | 2,001 |  |  | 3,785 |
Patents |  | 590 |  |  | 590 |  |  | — |
Backlog |  | 481 |  |  | 481 |  |  | — |
Software |  | 270 |  |  | 270 |  |  | — |
Trade name |  | 140 |  |  | 140 |  |  | — |
Total finite-lived intangible assets |  | 31,179 |  |  | 14,978 |  |  | 16,201 |
Indefinite-lived intangible assets: |  |  |  |  |  |
Trademarks |  | 10,175 |  |  | — |  |  | 10,175 |
Total intangible assets |  | $ | 41,354 |  |  | $ | 14,978 |  |  | $ | 26,376 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table sets forth the estimated annual amortization expense for each of the next five years and thereafter:
(in thousands) |  |
Remaining 2025 |  | $ | 908 |
2026 |  | 2,592 |
2027 |  | 2,043 |
2028 |  | 1,687 |
2029 |  | 1,355 |
Thereafter |  | 6,596 |
Total estimated amortization of finite-lived intangible assets |  | $ | 15,181 |

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