Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets are comprised of the following:     

(in thousands)	Gross carrying amount		Accumulated amortization		Net intangible assets, excluding goodwill
March 31, 2023
Amortized intangible assets:
Customer relationships – GCR – Jake Marshall	$	570	$	(107)	$	463
Customer relationships – ODR – Jake Marshall	3,050		(536)		2,514
Customer relationships – ODR – Limbach	4,710		(3,828)		882
Favorable leasehold interests – Limbach	190		(101)		89
Backlog – GCR – Jake Marshall	260		(219)		41
Backlog – ODR – Jake Marshall	680		(573)		107
Trade name – Jake Marshall	1,150		(249)		901
Total amortized intangible assets	10,610		(5,613)		4,997
Unamortized intangible assets:
Trade name – Limbach(1)	9,960		—		9,960
Total unamortized intangible assets	9,960		—		9,960
Total amortized and unamortized assets, excluding goodwill	$	20,570	$	(5,613)	$	14,957

(1)    The Company has determined that its trade name has an indefinite useful life. The Limbach trade name has been in existence since the Company’s founding in 1901 and therefore is an established brand within the industry.

(in thousands)	Gross carrying amount		Accumulated amortization		Net intangible assets, excluding goodwill
December 31, 2022
Amortized intangible assets:
Customer relationships – GCR – Jake Marshall	$	570	$	(87)	$	483
Customer relationships – ODR – Jake Marshall	3,050		(436)		2,614
Customer relationships – ODR – Limbach	4,710		(3,765)		945
Favorable leasehold interests – Limbach	190		(97)		93
Backlog – GCR – Jake Marshall	260		(178)		82
Backlog – ODR – Jake Marshall	680		(465)		215
Trade name – Jake Marshall	1,150		(202)		948
Total amortized intangible assets	10,610		(5,230)		5,380
Unamortized intangible assets:
Trade name – Limbach	9,960		—		9,960
Total unamortized intangible assets	9,960		—		9,960
Total amortized and unamortized assets, excluding goodwill	$	20,570	$	(5,230)	$	15,340