Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 95

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 95
---
 the three months ended March 31, 2025 are as follows (in thousands):

			Goodwill

			December 31, 2024

			$
			189,657

			Foreign currency translation

			901

			March 31, 2025

			$
			190,558

The carrying values of the Company’s definite lived intangible assets as of March 31, 2025 are as follows (in thousands):

			March 31, 2025

			Customer
			List

			Intellectual Property

			Tradename & Brand

			Non-
			Compete

			Total

			Weighted-average amortization period

			20 years

			12.3 years

			13.2 years

			8.7 years

			Gross amount

			$
			130,162

			$
			27,664

			$
			1,038

			$
			6,721

			$
			165,585

			Accumulated amortization

			(17,307
			)

			(2,987
			)

			(289
			)

			(2,334
			)
			 
			$
			(22,917
			)

			Net balance

			$
			112,855

			$
			24,677

			$
			749

			$
			4,387

			$
			142,668

Amortization expense related to intangible assets was approximately $2.4 million and $1.0 million for the three-month periods ended March 31, 2025 and 2024, respectively. The estimated remaining amortization expense as of March 31, 2025 is as follows (in thousands):

			Remainder of 2025

			$
			7,188

			2026

			9,581

			2027

			9,528

			2028

			9,482

			2029

			9,452

			Thereafter

			97,437

			Total

			$
			142,668

			(15)

			Other Long-Term Liabilities

Other long-term liabilities consist of the following (