Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill / Tradename

(table only in thousands)	Engineered Systems segment			Industrial Process Solutions segment			Totals
Balance of goodwill at December 31, 2019	$	97,007		$	55,013		$	152,020
Acquisitions		2,085			7,022			9,107
Foreign currency translation		693			—			693
Balance of goodwill at December 31, 2020		99,785			62,035			161,820
Foreign currency translation		(482	)		(155	)		(637	)
Balance of goodwill at December 31, 2021	$	99,303		$	61,880		$	161,183

The Company’s indefinite lived intangible assets as of December 31, 2021 and 2020 consisted of the following:

	Tradenames
(table only in thousands)	2021			2020
Balance beginning of year	$	12,937		$	14,291
Transfer to finite life classification		(3,150	)		(700	)
Impairment charge		—			(850	)
Foreign currency adjustments		(158	)		196
Balance end of year	$	9,629		$	12,937

Intangible Assets - Finite Life

	December 31,
	2021						2020
(table only in thousands) Intangible assets – finite life	Cost			Accum. Amort.			Cost			Accum. Amort.
Technology	$	14,457		$	13,704		$	14,457		$	13,008
Customer lists		73,199			53,970			73,199			48,959
Tradenames		9,728			2,745			6,578			1,758
Foreign currency adjustments		(2,149	)		(1,025	)		(2,826	)		(1,954	)
Total finite life intangible assets	$	95,235		$	69,394		$	91,408		$	61,771