Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

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, 2021	$	99,303		$	61,880		$	161,183
Acquisitions	$	15,968		$	7,344		$	23,312
Foreign currency translation		(525	)		(773	)		(1,298	)
Balance of goodwill at December 31, 2022		114,746			68,451			183,197
Acquisitions		27,152			—			27,152
Foreign currency translation		331			646			977
Balance of goodwill at December 31, 2023	$	142,229		$	69,097		$	211,326

The Company’s indefinite lived intangible assets as of December 31, 2023 and 2022 consisted of the following:

	Tradenames
(table only in thousands)	2023		2022
Balance beginning of year	$	9,508	$	9,629
Foreign currency adjustments		62		(121	)
Balance end of year	$	9,570	$	9,508

Intangible Assets - Finite Life

	December 31,
	2023					2022
(table only in thousands) Intangible assets – finite life	Cost			Accum. Amort.		Cost			Accum. Amort.
Technology	$	16,517		$	14,061	$	14,457		$	13,729
Customer lists		103,471			63,420		85,719			57,540
Tradenames		14,094			5,001		11,604			3,768
Foreign currency adjustments		(1,083	)		56		(1,864	)		(372	)
Total finite life intangible assets	$	132,999		$	82,538	$	109,916		$	74,665