v3.26.1
GOODWILL
6 Months Ended
Jun. 30, 2026
GOODWILL [Abstract]  
GOODWILL

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Note 7 — Goodwill:

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As described above in Note 2, “Business Combinations,” on January 27, 2026, the Company acquired CMB.Tech’s 50% equity interest in TUKA and recognized $7.6 million of goodwill at the time of acquisition.

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The changes in goodwill during the six months ended June 30, 2026 were as follows:

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(Dollars in thousands)

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Amounts

Balance at December 31, 2025

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$

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Acquisition of TUKA

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7,624

Foreign currency translation adjustment

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(255)

Balance at June 30, 2026

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$

7,369

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