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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
The change in goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were as follows:

 

 

 

Distribution

 

 

Material

Handling

 

 

Total

 

January 1, 2018

 

$

505

 

 

$

59,466

 

 

$

59,971

 

Foreign currency translation

 

 

 

 

 

(903

)

 

 

(903

)

January 1, 2019

 

$

505

 

 

$

58,563

 

 

$

59,068

 

Acquisition

 

 

7,211

 

 

 

 

 

 

7,211

 

Foreign currency translation

 

 

 

 

 

495

 

 

 

495

 

December 31, 2019

 

$

7,716

 

 

$

59,058

 

 

$

66,774

 

Intangible assets

Intangible assets at December 31, 2019 and 2018 consisted of the following:

 

 

 

 

 

 

2019

 

 

2018

 

 

 

Weighted Average

Remaining Useful

Life (years)

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Trade Names - Indefinite Lived

 

 

 

 

 

$

9,782

 

 

$

 

 

$

9,782

 

 

$

9,782

 

 

$

 

 

$

9,782

 

Trade Names

 

 

4.8

 

 

 

580

 

 

 

(84

)

 

 

496

 

 

 

80

 

 

 

(45

)

 

 

35

 

Customer Relationships

 

 

1.7

 

 

 

47,656

 

 

 

(38,096

)

 

 

9,560

 

 

 

39,521

 

 

 

(31,896

)

 

 

7,625

 

Technology

 

 

4.6

 

 

 

24,980

 

 

 

(14,624

)

 

 

10,356

 

 

 

24,980

 

 

 

(12,142

)

 

 

12,838

 

Non-competition agreements

 

 

4.7

 

 

 

600

 

 

 

(40

)

 

 

560

 

 

 

 

 

 

 

 

 

 

Patents

 

 

0.0

 

 

 

11,730

 

 

 

(11,730

)

 

 

 

 

 

11,730

 

 

 

(11,730

)

 

 

 

 

 

 

 

 

 

$

95,328

 

 

$

(64,574

)

 

$

30,754

 

 

$

86,093

 

 

$

(55,813

)

 

$

30,280