Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 315

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1C
Chunk 315
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 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, 2025 (In thousands)    Accumulated     Finite-lived intangible assets: Gross  Amortization  Net Developed technology $9,130  $(634) $8,496 Trade names  1,050   (88)  962 Customer relationships  810   (61)  749 Non-compete agreements and others  1,010   (436)  574 Total $12,000  $(1,219) $10,781  Amortization expense related to purchased intangible assets with finite lives was $1.2 million for the year ended May 30, 2025. As of May 30, 2025, the estimated future amortization expense of purchased intangible assets with finite lives is as follows: (In thousands) Amount     2026 $1,229 2027  1,183 2028  981 2029  939 2030  939 Thereafter  5,510 Total $10,781  There were no impairment charges related