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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets . Goodwill and Intangible Assets

The change in goodwill for the quarter ended March 31, 2022 was as follows:

 

 

 

Distribution

 

 

Material
Handling

 

 

Total

 

January 1, 2022

 

$

7,648

 

 

$

81,130

 

 

$

88,778

 

Foreign currency translation

 

 

 

 

 

173

 

 

 

173

 

March 31, 2022

 

$

7,648

 

 

$

81,303

 

 

$

88,951

 

 

Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, non-competition agreements and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. Indefinite-lived trade names had a carrying value of $9.8 million at both March 31, 2022 and December 31, 2021. Refer to Note 3 for the intangible assets acquired through the Trilogy acquisition in July 2021.