Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill / Tradename

Goodwill activity for the three months ended March 31, 2024 and the year ended December 31, 2023 was as follows:

(in thousands)	Three months ended March 31, 2024					Year ended December 31, 2023
Goodwill / Tradename	Goodwill		Tradename			Goodwill		Tradename
Balance at beginning of period	$	211,326	$	9,570		$	183,197	$	9,508
Acquisitions		110		—			27,152		—
Foreign currency translation		43		(12	)		977		62
Balance at end of period	$	211,479	$	9,558		$	211,326	$	9,570

During the three months ended March 31, 2024, the Company recorded measurement period adjustments related to the acquisition of Kemco Systems Co., LLC ("Kemco"), as discussed in Note 15, resulting in an increase to goodwill.

Intangible Assets - Finite Life

Finite life intangible assets as of March 31, 2024 and December 31, 2023 consisted of the following:

	March 31, 2024					December 31, 2023
(in thousands)	Cost			Accum. Amort.		Cost			Accum. Amort.
Technology	$	16,517		$	14,225	$	16,517		$	14,061
Customer lists		103,471			65,072		103,471			63,420
Tradenames		14,094			5,343		14,094			5,001
Foreign currency adjustments		(1,111	)		7		(1,083	)		56
Total intangible assets – finite life	$	132,971		$	84,647	$	132,999		$	82,538

Summary of Finite Lived Intangible Assets Activities

Finite life intangible asset activity for the three months ended March 31, 2024 and 2023 was as follows:

	Three months ended March 31,
(in thousands)	2024			2023
Intangible assets – finite life, net at beginning of period	$	50,461		$	35,251
Amortization expense		(2,157	)		(1,690	)
Acquisitions		—			1,778
Foreign currency adjustments		20			75
Intangible assets – finite life, net at end of period	$	48,324		$	35,414