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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Components of Intangible Assets

September 30, 2023

 

December 31, 2022

Gross

 

Gross

Carrying

Accumulated

 

Carrying

Accumulated

    

Amount

    

Amortization

 

Amount

    

Amortization

Amortizing intangible assets:

Customer relationships

$

219,467

$

152,718

$

222,716

$

145,502

Patents & proprietary technology

 

58,439

 

44,673

 

58,404

 

21,291

Trade names

 

2,870

 

952

 

2,850

 

645

Other

 

4,676

 

4,393

 

2,462

 

2,164

Non-amortizing intangible assets:

Trade names

57,536

59,785

$

342,988

$

202,736

$

346,217

$

169,602

Schedule of Carrying Amount of Goodwill

The carrying amount of goodwill by segment as of September 30, 2023 and December 31, 2022 was as follows:

    

Infrastructure

    

Agriculture

    

Total

Gross balance as of December 31, 2022

$

473,551

$

313,777

$

787,328

Accumulated impairment losses

 

(47,467)

 

 

(47,467)

Balance as of December 31, 2022

 

426,084

 

313,777

739,861

Acquisition

 

 

17,645

 

17,645

Divestiture

(160)

(160)

Impairments

(1,915)

(120,000)

(121,915)

Foreign currency translation

 

(610)

 

196

 

(414)

Balance as of September 30, 2023

$

423,559

$

211,458

$

635,017

Infrastructure

    

Agriculture

    

Total

Gross balance as of September 30, 2023

$

472,941

$

331,458

$

804,399

Accumulated impairment losses

(49,382)

(120,000)

(169,382)

Balance as of September 30, 2023

$

423,559

$

211,458

$

635,017