GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the periods ended September 30, 2025 and December 31, 2024, were as follows (in thousands):


	North America Segment
	Monroe		MB Group		Shyft		Total
Balance at December 31, 2024	$	197,969	$	23,220	$	—	$	221,189
Acquisition and measurement period adjustment	—		—		193,960		193,960
Balance at September 30, 2025	$	197,969	$	23,220	$	193,960	$	415,149

Schedule of Finite-Lived Intangible Assets

The following table provides information regarding other intangible assets:


	September 30, 2025						December 31, 2024
	Gross carrying amount		Accumulated amortization		Net		Gross carrying amount		Accumulated amortization		Net
Concessions, rights, and licenses	$	602	$	(332)	$	270	$	602	$	(305)	$	297
Customer relationships	248,028		(49,368)		198,660		158,637		(39,901)		118,736
Brands	126,450		(15,383)		111,067		65,612		(11,799)		53,813
Technology	30,917		(3,180)		27,737		4,549		(2,071)		2,478
Order backlog	4,809		(1,202)		3,607		—		—		—
Total intangible assets	$	410,806	$	(69,465)	$	341,341	$	229,400	$	(54,076)	$	175,324

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated remaining amortization associated with finite-lived intangible assets is expected to be expensed as follows:


	Amount
2025	$	8,049
2026	29,793
2027	27,388
2028	27,267
2029	27,115
Thereafter	221,729
Total intangible assets	$	341,341

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Aebi Schmidt Holding AG 10-Q