MILLER INDUSTRIES INC TN
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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Goodwill
**5.**GOODWILL
The Company’s acquisition of substantially all of the assets and assumption of certain liabilities of Southern Hydraulic Cylinder, Inc. resulted in the recognition of approximately$8.4 million of goodwill. For additional information on the Company’s acquisition from Southern Hydraulic Cylinder, Inc., see Note 2 – “Business Combinations”.
The following table summarizes the changes in the carrying amount of goodwill:
| | | | |
|---|---|---|---|
| (in thousands) | | | |
| Balance as of December 31, 2023 | | $20,022 | |
| SHC, Inc. | | | (24) |
| Balance as of December 31, 2024 | | $19,998 |
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