Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying amount of goodwill by segment is as follows (in thousands):

	Total		Measurement Systems								Weighing Solutions
			KELK Acquisition		DSI Acquisition		Pacific Instruments Acquisition		DTS Acquisition		Stress-Tek Acquisition
Balance at January 1, 2021	$	31,105	$	6,726	$	16,942	$	1,126	$	—	$	6,311
Goodwill acquired	15,903		—		—		—		15,903		—
Impairment charges	(1,126)		—		—		(1,126)		—		—
Foreign currency translation adjustment	(52)		(20)		(32)		—		—		—
Balance at December 31, 2021	45,830		6,706		16,910		—		15,903		6,311
Adjustment to goodwill acquired	130		—		—		—		130		—
Foreign currency translation adjustment	(416)		(393)		(23)		—		—		—
Balance at December 31, 2022	$	45,544	$	6,313	$	16,887	$	—	$	16,033	$	6,311

Schedule of Finite-Lived Intangible Assets

Intangible assets were as follows (in thousands):

	December 31,
	2022		2021
Intangible assets subject to amortization
(Definite-lived):
Patents and acquired technology	$	32,570	$	33,026
Customer relationships	33,226		34,036
Trade names	1,521		1,665
Non-competition agreements	10,133		11,335
	77,450		80,062
Accumulated amortization:
Patents and acquired technology	(9,059)		(7,430)
Customer relationships	(16,209)		(14,918)
Trade names	(1,521)		(1,665)
Non-competition agreements	(10,098)		(11,329)
	(36,887)		(35,342)
Net intangible assets subject to amortization	$	40,563	$	44,720
Intangible assets not subject to amortization
(Indefinite-lived):
Trade names	7,654		7,717
	$	48,217	$	52,437

Schedule of Expected Amortization Expense

Estimated annual amortization expense for each of the next five years is as follows (in thousands):

2023	$	3,729
2024	3,698
2025	3,681
2026	3,681
2027	3,647