Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 56

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 56
---
 on this analysis, we write down the affected inventory value for estimated excess and obsolescence charges. At the point of loss recognition, a new, lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Inventory consisted of the following (in thousands):As of December 31,20242023Raw materials$19,165 $23,426 Work in process and semi-finished goods17,390 19,640 Finished goods4,245 9,094 $40,800 $52,160 

Note 8 - Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):  Useful lifeAs of December 31, (years)20242023Automobiles3$64 $109 Computer hardware and software3 - 59,672 9,145 Manufacturing and lab equipment2 - 795,106 91,050 Office equipment and furniture5 - 72,542 2,634 Leasehold and building improvements2 - 1233,104 31,988 Buildings309,392 9,392 LandN/A3,399 3,399 153,279 147,717 Accumulated depreciation (106,342)(95,417)$46,937 $52,300 

50

Note 9 - Intangible Assets and Goodwill

Intangible AssetsThe details of definite lived intangible assets were as follows (in thousands):Estimated useful life(in years) As of December 31, 20242023Patents3 - 5$— $6,345 Development programs2 - 47,200 7,200 Developed technology52,959 2,959 10,159 16,504 Accumulated amortization (9,326)(14,852)$833 $1,652 Amortization related to intangible assets was as follows (in thousands):Year Ended December 31, 202420232022Amortization expense$820 $2,410 $2,879 Estimated amortization expense for future years is as follows (in thousands):2025$484 2026349 Thereafter— $833 Goodwill  The carrying amount of goodwill by segment was as follows (in thousands):Laser ProductsAdvanced DevelopmentTotalsBalance, December 31, 202