INTANGIBLE ASSETS AND GOODWILL
Intangible assets and goodwill consisted of the following at December 31, 2025 and 2024 (in thousands):
Useful lives20252024
INTANGIBLE ASSETS
Patents
4-10 years
$100 $100 
Customer relationships
8-15 years
50,973 48,036 
Technology
3-5 years
8,615 8,371 
Non-compete
 3 years
391 391 
Tradenames
2-10 years
12,659 12,253 
Intangible assets, at cost72,738 69,151 
Accumulated amortization(55,658)(43,207)
Intangible assets, net of accumulated amortization$17,080 $25,944 
For the years ended December 31, 2025 and 2024, the Company recorded amortization expense on intangible assets of $9.8 million and $19.9 million, respectively. Amortization expense as of December 31, 2024 included approximately $12.3 million of accelerated amortization resulting from a revision to the useful lives of certain intangible assets from both the Americas and EMEA reporting segments to reflect the current expected economic useful life due to forecasted industry changes in the interactive flat panel display market as well as the Company’s operational strategy to move to a unified worldwide display brand. There was no change to the gross carrying amount of recognized intangible assets due to translation adjustments as of December 31, 2025. Changes to gross carrying amount of recognized intangible assets due to translation adjustments were approximately $(0.8) million as of December 31, 2024.
Expected future amortization expense for intangible assets as of December 31, 2025 is as follows (in thousands):
2026$3,629 
20273,480 
20283,468 
20293,446 
20302,849 
Thereafter208 
Total$17,080 
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Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Mar 28, 2025
2023Mar 14, 2024
2022Mar 17, 2023
2021Apr 13, 2022
2020Mar 31, 2021
2019May 13, 2020
2018Mar 28, 2019
2017Apr 2, 2018

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.