Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 499

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 4
Chunk 499
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 10,719 Property and equipment  165 Intangible assets  12,000 Operating lease right-of-use assets  810 Other assets, current and noncurrent  63 Accounts payable, accrued expenses and other liabilities, current and noncurrent  (2,180)Deferred revenue  (489)Operating lease liabilities, current and noncurrent  (714)Deferred tax liabilities, net  (2,080)Total $22,153  The goodwill recognized in connection with the acquisition is primarily attributable to anticipated synergies from future growth and will not be deductible for income tax purposes. The following table summarizes the fair value of the separately identifiable intangible assets at the time of acquisition:      Estimated Useful life (In thousands) Fair Value  (in years) Developed technology $9,130   12 Trade names  1,050   10 Customer relationships  810   11 Non-compete agreements and others  1,010  1-3  Total intangible assets acquired $12,000      Acquisition-related costs were $0.5 million during the year ended May 30, 2025 and were expensed in the period incurred within selling, general and administrative expense in the Company's Consolidated Statements of Operations. The Company's Consolidated Statement of Operations for the year ended May 30, 2025 included $18.6 million in revenue and $3.8 million in net income contributed by Incal from the date of acquisition. Pro forma results of operations for this acquisition have not been presented, as the financial impact to the Company's consolidated results of operations is not material. 

 44Table of Contents

5. GOODWILL AND PURCHASED INTANGIBLE ASSETS Goodwill The Company's goodwill activity during the year ended May 30, 2025 was as follows: (In thousands) Total Balance as of May 31, 2024 $- Addition due to business combination  10,719 Balance as of May 30, 2025 $10,719  Goodwill was tested for impairment in the fourth quarter at the reporting unit level. There were no impairments to goodwill during the year ended May 30, 2025. Purchased Intangible Assets The Company’s purchased intangible assets, net, were as follows:   May 30,