Core Laboratories Inc. /DE/ Goodwill & Intangibles Disclosure
7. INTANGIBLES AND GOODWILL
The components of intangibles, net are as follows (in thousands):
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|
December 31, |
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|
|
|
|
2025 |
|
|
2024 |
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|
|
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Gross |
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|
Accumulated Amortization |
|
|
Gross |
|
|
Accumulated Amortization |
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||||
|
|
Useful life in years |
|
Carrying Value |
|
|
and Impairment |
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|
Carrying Value |
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|
and Impairment |
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||||
Acquired trade secrets |
|
2-20 |
|
$ |
4,278 |
|
|
$ |
(4,108 |
) |
|
$ |
4,278 |
|
|
$ |
(3,967 |
) |
Acquired patents and technology |
|
4-15 |
|
|
15,604 |
|
|
|
(14,306 |
) |
|
|
15,722 |
|
|
|
(14,243 |
) |
Agreements not to compete and other |
|
2-5 |
|
|
2,143 |
|
|
|
(1,106 |
) |
|
|
1,105 |
|
|
|
(1,105 |
) |
Acquired trade names and trademarks |
|
Indefinite |
|
|
4,624 |
|
|
|
(11 |
) |
|
|
4,624 |
|
|
|
(11 |
) |
Total intangibles, net |
|
|
|
$ |
26,649 |
|
|
$ |
(19,531 |
) |
|
$ |
25,729 |
|
|
$ |
(19,326 |
) |
Our estimated amortization expense relating to these intangibles for the next five years is summarized in the following table (in thousands):
|
|
December 31, 2025 |
|
|
2026 |
|
$ |
614 |
|
2027 |
|
|
459 |
|
2028 |
|
|
244 |
|
2029 |
|
|
181 |
|
2030 |
|
|
1,007 |
|
The following table summarizes the change in goodwill for each reportable segment (in thousands):
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|
Reservoir |
|
|
Production |
|
|
|
|
|||
|
|
Description |
|
|
Enhancement |
|
|
Total |
|
|||
Balance at December 31, 2023 |
|
$ |
99,445 |
|
|
$ |
— |
|
|
$ |
99,445 |
|
Balance at December 31, 2024 |
|
$ |
99,445 |
|
|
$ |
— |
|
|
$ |
99,445 |
|
Business acquisitions |
|
|
6,344 |
|
|
|
— |
|
|
|
6,344 |
|
Balance at December 31, 2025 |
|
$ |
105,789 |
|
|
$ |
— |
|
|
$ |
105,789 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 23, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
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.