Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 31

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 table sets forth the changes in the carrying amount of goodwill:Six Months Ended June 30,20252024Balance, beginning of period$67,241 $38,540 Foreign exchange adjustment4,522 (262)Balance, end of period$71,763 $38,278 Intangible assets, subject to amortization, consisted of the following:June 30, 2025December 31, 2024Gross Carrying AmountAccumulatedAmortizationNet CarryingAmountWeighted-Average  LivesGross Carrying AmountAccumulatedAmortizationNet CarryingAmountWeighted-Average  LivesCustomer relationships$64,816 $(33,096)$31,720 11 years$62,671 $(29,747)$32,924 11 yearsTechnology, and Production know-how43,272 (24,388)18,884 8 years40,823 (22,891)17,932 8 yearsTrademark and trade name16,118 (12,069)4,049 8 years15,665 (11,145)4,520 8 yearsPatents8,034 (8,034)— 8 years8,034 (8,034)— 8 yearsTotal$132,240 $(77,587)$54,653 $127,193 $(71,817)$55,376 Amortization expense for the three months ended June 30, 2025 and 2024 was $2,593 and $1,377, respectively. Amortization expense for the six months ended June 30, 2025 and 2024 was $5,096 and $2,802, respectively. The estimated future amortization expense for intangibles for the remainder of 2025 and subsequent years is as follows:2025 (a)2026202720282029ThereafterTotal$4,675 $7,990 $7,777 $7,407 $7,163 $19,641 $54,653 (a) For the six-month period beginning July 1, 2025.

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Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

 8. OTHER LIABILITIES

Accrued expenses and other current liabilities consist of the following: