Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 15

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 15
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 the local currency). We utilize the China Credit Facility to meet local working capital demands, fund letters of credit and bank guarantees, and support other short-term cash requirements of our China operations. We had $4.2 million outstanding borrowings under the China Credit Facility as of June 30, 2025 and zero outstanding borrowing as of December 31, 2024. At June 30, 2025, we had $7.0 million of availability under the China Credit Facility.Cash Paid for InterestFor the six months ended June 30, 2025 and 2024, cash payments for interest were $5.6 million and $5.8 million, respectively.

5. Intangible Assets

Our definite-lived intangible assets were comprised of the following: June 30, 2025December 31, 2024Weighted-AverageAmortizationPeriodGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountTrademarks/tradenames30 years$6,925 $(4,081)$2,844 $8,182 $(5,251)$2,931 Customer relationships15 years5,223 (4,411)812 5,227 (4,240)987 $12,148 $(8,492)$3,656 $13,409 $(9,491)$3,918          The aggregate intangible asset amortization expense was $0.1 million and $0.1 million for the three months ended June 30, 2025 and 2024, respectively. The aggregate intangible asset amortization expense was $0.3 million and $0.3 million for the six months ended June 30, 2025 and 2024 respectively.

6. Fair Value Measurement

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels, and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:Level 1 - Unadjusted quoted prices in active markets for identical assets and liabilities.Level 2 - Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for