Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

8.  Goodwill and Intangible Assets

The change in goodwill for the quarter ended March 31, 2021 was as follows:

	Distribution		Material Handling			Total
January 1, 2021	$	7,648	$	71,608		$	79,256
Purchase accounting adjustment		—		(35	)		(35	)
Foreign currency translation		—		133			133
March 31, 2021	$	7,648	$	71,706		$	79,354

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, 2021 and December 31, 2020. Refer to Note 3 for the intangible assets acquired through the Elkhart Plastics acquisition in November 2020.