Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 16

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 16
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 2025 and 2024, cash payments for interest were $9.5 million and $9.0 million, respectively.

5. Intangible Assets

Our definite-lived intangible assets were comprised of the following: September 30, 2025December 31, 2024Weighted-AverageAmortizationPeriodGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountTrademarks/tradenames30 years$6,922 $(4,130)$2,792 $8,182 $(5,251)$2,931 Customer relationships15 years5,038 (4,338)700 5,227 (4,240)987 $11,960 $(8,468)$3,492 $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 September 30, 2025 and 2024, respectively. The aggregate intangible asset amortization expense was $0.4 million and $0.5 million for the nine months ended September 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 identical assets or liabilities in inactive markets.Level 3 - Significant unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.

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Our financial instruments consist of cash, accounts receivable, accounts payable, accrued liabilities, pension assets and liabilities. The carrying value of these instruments approximates fair value as a result of the short duration of such instruments or due to the variability of the interest cost associated with such instruments.Recurring MeasurementsForeign Currency Forward Exchange Contracts.  Our derivative assets and liabilities represent foreign exchange contracts that are measured at