INNOVATE Corp.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
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) Goodwill and Intangibles, Net
- Goodwill and Intangibles, Net
Goodwill
The carrying amounts of goodwill were as follows (in millions):
| Infrastructure | |
|---|---|
| Balance as of December 31, 2025 | $105.6 |
| Translation adjustments | 0.1 |
| Balance as of June 30, 2026 | $105.7 |
Definite-Lived Intangible Assets
The gross carrying amounts and accumulated amortization of definite-lived intangible assets by major intangible asset class were as follows (in millions):
| Weighted-Average Original Useful Life · June 30, 2026 | ||||
|---|---|---|---|---|
| Gross Carrying Amount · Accumulated Amortization · Net | ||||
| Trade names | 15 years | $25.2 | $(13.4) | $11.8 |
| Customer relationships and contracts | 11 years | 87.6 | (56.8) | 30.8 |
| Other | 10 years | 3.7 | (2.3) | 1.4 |
| Total | $116.5 | $(72.5) | $44.0 | |
| Weighted-Average Original Useful Life · December 31, 2025 | ||||
|---|---|---|---|---|
| Gross Carrying Amount · Accumulated Amortization · Net | ||||
| Trade names | 15 years | $25.2 | $(12.6) | $12.6 |
| Customer relationships and contracts | 11 years | 87.6 | (54.3) | 33.3 |
| Other | 10 years | 3.6 | (2.2) | 1.4 |
| Total | $116.4 | $(69.1) | $47.3 | |
Amortization expense for definite-lived intangible assets was $1.7 million and $1.9 million for the three months ended June 30, 2026 and 2025, respectively. Amortization expense for definite-lived intangible assets was $3.4 million and $3.9 million for the six months ended June 30, 2026 and 2025, respectively. Amortization expense is included in Depreciation and amortization in the Condensed Consolidated Statements of Operations.
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