Company: KEQU
Filing Date: 2025-12-12
Form Type: 10-Q
Source: 0000055529-25-000054
Chunk: 49

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-12-12
Form: 10-Q
Item: Part I, Item 8
Chunk 49
---
 balance of goodwill at October 31, 2025 and April 30, 2025 was approximately $12.5 million.Also in connection with the Nu Aire Acquisition, the Company recorded other intangible assets on November 1, 2024 of $18.6 million on its Condensed Consolidated Balance Sheet. See Note C, Nu Aire Acquisition for additional information. The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill as of October 31, 2025 and April 30, 2025 were as follows:October 31, 2025($ in thousands)Estimated Useful LifeGross Carrying AmountAccumulated AmortizationNet Book ValueCustomer relationships10 years$9,800 $(980)$8,820 Trade names and trademarksindefinite4,900 — 4,900 Developed technology7 years3,900 (557)3,343 Total$18,600 $(1,537)$17,063 

11

April 30, 2025($ in thousands)Estimated Useful LifeGross Carrying AmountAccumulated AmortizationNet Book ValueCustomer relationships10 years$9,800 $(490)$9,310 Trade names and trademarksindefinite4,900 — 4,900 Developed technology7 years3,900 (279)3,621 Total$18,600 $(769)$17,831 Expected future amortization expense related to intangible assets, net as of October 31, 2025, excluding trade names and trademarks, are as follows:

($ in thousands)Remainder of fiscal 2026$769 20271,537 20281,537 20291,537 20301,537 Thereafter5,246 Total$12,163  

H. Long-term Debt and Other Credit Arrangements

The components of the Company's long-term debt at October 31, 2025 and April 30, 2025, excluding lease, deferred financing costs of $0.7 million and $0.8 million related to the debt at each respective date, and sale-leaseback-related activity, as presented on the Condensed Consolidated Balance Sheet were as follows:($ in thousands)October 31, 2025April 30, 2025PNC Loan Agreement$12,250 $13,750 Seller Notes23,000 23,935