Ultra Clean Holdings, Inc.
For the period ended Sep 25, 2026. Filed Oct 28, 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.
Sep 25, 2026 · Filed Oct 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Goodwill and Intangible Assets
- GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill represents the excess of the consideration transferred over the fair value of tangible and identifiable intangible assets acquired, less liabilities assumed in a business combination. During the nine months ended September 25, 2026, the Company didnot recognize any impairment charges or additions to goodwill. Details of aggregate goodwill of the Company are as follows:
| (In millions) | Products | Services | Total |
|---|---|---|---|
| Balance at December 26, 2025 | $114.2 | $— | $114.2 |
| Balance at September 25, 2026 | $114.2 | $— | $114.2 |
Intangible Assets
Intangible assets are generally recorded in connection with business acquisitions and are amortized over their estimated useful lives. The Company evaluates the useful lives of its intangible assets each reporting period and reviews such assets for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
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Details of intangible assets were as follows:
| As of September 25, 2026 · As of December 26, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| (Dollars in millions) | Useful Life (In years) | Gross Carrying Amount | Accumulated Amortization | Carrying Value | Gross Carrying Amount | Accumulated Amortization | Carrying Value |
| Customer relationships | 6 - 10 | $207.2 | $(148.7) | $58.5 | $207.2 | $(135.6) | $71.6 |
| Recipes | 20 | 73.2 | (29.6) | 43.6 | 73.2 | (26.8) | 46.4 |
| Intellectual property/know-how | 7 - 15 | 48.9 | (30.5) | 18.4 | 48.9 | (27.2) | 21.7 |
| Tradename | 4 - 6* | 32.5 | (23.5) | 9.0 | 32.5 | (23.4) | 9.1 |
| Standard operating procedures | 20 | 8.6 | (3.5) | 5.1 | 8.6 | (3.2) | 5.4 |
| Developed technology | 5 | 4.6 | (2.8) | 1.8 | 4.6 | (2.0) | 2.6 |
| Total | $375.0 | $(238.6) | $136.4 | $375.0 | $(218.2) | $156.8 | |
*The Company concluded that the useful life of the UCT tradename of $9.0 million is indefinite and is therefore not amortized but is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.
The Company amortizes its intangible assets on a straight-line or accelerated basis over the estimated economic life of the assets. Amortization expense was approximately $6.8 million and $20.4 million for the three and nine months ended September 25, 2026, respectively. For the three and nine months ended September 26, 2025, amortization expense was approximately $6.9 million and $21.2 million, respectively. Amortization expense related to recipes, standard operating procedures, developed technology and certain intellectual property/know-how is included in cost of revenues, while the remaining amortization expense is included in general and administrative expense. As of September 25, 2026, future estimated amortization expense is expected to be as follows:
| (In millions) | Amortization Expense |
|---|---|
| 2026 (remaining in year) | $6.9 |
| 2027 | 26.9 |
| 2028 | 23.8 |
| 2029 | 16.2 |
| 2030 | 15.3 |
| Thereafter | 38.3 |
| Total | $127.4 |
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