Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 73

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 73
---
5December 31, 2024Gross Carrying AmountAccumulatedAmortizationNet CarryingAmountWeighted-Average  LivesGross Carrying AmountAccumulatedAmortizationNet CarryingAmountWeighted-Average  LivesCustomer relationships$64,792 $(34,634)$30,158 11 years$62,671 $(29,747)$32,924 11 yearsTechnology, and Production know-how43,261 (25,011)18,250 8 years40,823 (22,891)17,932 8 yearsTrademark and trade name16,114 (12,296)3,818 8 years15,665 (11,145)4,520 8 yearsPatents8,034 (8,034)— 8 years8,034 (8,034)— 8 yearsTotal$132,201 $(79,975)$52,226 $127,193 $(71,817)$55,376 Amortization expense for the three months ended September 30, 2025 and 2024 was $2,402 and $1,377, respectively. Amortization expense for the nine months ended September 30, 2025 and 2024 was $7,498 and $4,180, respectively. The estimated future amortization expense for intangible assets for the remainder of 2025 and subsequent years is as follows:2025 (a)2026202720282029ThereafterTotal$2,302 $8,060 $7,847 $7,473 $7,232 $19,312 $52,226 (a) For the three-month period beginning October 1, 2025.

 8. OTHER LIABILITIES

Accrued expenses and other current liabilities consist of the following:September 30,December 31, 20252024Accrued compensation$79,008 $56,568 Contract liabilities54,893 56,454 Current portion of accrued warranty19,110 21,398 Short-term lease liabilities4,903 4,835 Other13,114 12,793 Total$171,028 $152,048 Other long-term liabilities and deferred income taxes consist of the following:September 30,December 31, 20252024Unrecognized tax benefits$16,387 $13,855 Accrued warranty13