Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 144

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 144
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 analysis, the Company determined that the fair value of the RF&S Components reporting unit was less than its carrying value and recorded a non-cash goodwill impairment charge of $32,600 during the year ended December 30, 2024. If the Company's future cash flow projections and other fair value assumptions for its reporting unit change, the Company’s goodwill may be subject to potential additional impairment charges in subsequent quarters. Estimating the fair value of the reporting unit requires the Company to make assumptions and estimates in such areas as future economic conditions, industry-specific conditions, product pricing, and necessary capital expenditures. The use of different assumptions or estimates for future cash flows, discount rates, or terminal growth rates, which are subject to a high degree of judgment, could produce substantially different estimates of the fair value of the reporting unit.

78

TTM TECHNOLOGIES, INC. Notes to Consolidated Financial Statements — (Continued)

(7)Definite-lived IntangiblesThe components of definite-lived intangibles were as follows: 

        GrossAmount

        AccumulatedAmortization

        NetCarryingAmount

        WeightedAverageAmortizationPeriod

        (In thousands)

        (In years)

        As of December 30, 2024

        Customer relationships
         
        $
        323,500

        $
        (161,710
        )
         
        $
        161,790

        11.8

        Technology

        66,650

        (36,621
        )

        30,029

        8.2

        Total
         
        $
        390,150

        $
        (198,331
        )
         
        $
        191,819

        As of January 1, 2024

        Customer relationships
         
        $
        416,230

        $
        (222,766
        )
         
        $
        193,464

        11.2

        Technology

        66,650

        (27,278
        )

        39,372

        8.2

        Backlog

        13,000

        (9,750
        )

        3,250

        2.0

        Trade names

        2,500

        (1,875
        )

        625

        2.0

        Total
         
        $
        498,380

        $
        (