Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021, and 2020, were as follows:

(in thousands)	CAG		Water		LPD		Other		Consolidated Total
Balance as of December 31, 2019	$	207,350	$	11,611	$	14,232	$	6,531	$	239,724
Business combinations	220		—		—		—		220
Acquisition adjustment	(1,900)		—		—		—		(1,900)
Impact of changes in foreign currency exchange rates	4,724		412		167		—		5,303
Balance as of December 31, 2020	$	210,394	$	12,023	$	14,399	$	6,531	$	243,347
Business combinations	120,346		—		—		—		120,346
Impact of changes in foreign currency exchange rates	(3,569)		(84)		(695)		—		(4,348)
Balance as of December 31, 2021	$	327,171	$	11,939	$	13,704	$	6,531	$	359,345
Business combinations	1,641		6,857		—		—		8,498
Impact of changes in foreign currency exchange rates	(5,330)		(897)		179		—		(6,048)
Balance as of December 31, 2022	$	323,482	$	17,899	$	13,883	$	6,531	$	361,795

Schedule of estimated useful lives for intangible assets

We provide for amortization primarily using the straight-line method by charges to income in amounts that allocate the intangible assets over their estimated useful lives as follows:

Asset Classification	Estimated Useful Life
Customer-related intangible assets (1)	3 to 17 years
Product rights (2)	5 to 15 years
Noncompete agreements	3 to 5 years

Schedule of intangible assets other than goodwill

Intangible assets other than goodwill consisted of the following:

(in thousands)	December 31, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Customer-related intangible assets (1)	$	104,111	$	30,952	$	73,159	$	121,936	$	38,349	$	83,587
Product rights (2)	30,176		8,039		22,137		17,350		5,332		12,018
Noncompete agreements	4,432		2,056		2,376		4,257		827		3,430
	$	138,719	$	41,047	$	97,672	$	143,543	$	44,508	$	99,035

The above table excludes fully amortized intangible assets for the periods presented.

(1)Customer-related intangible assets are comprised of customer lists and customer relationships acquired from third parties.

(2)Product rights comprise certain technologies, intellectual property, licenses, and trade names acquired from third parties.

Schedule of expected amortization expense

At December 31, 2022, the aggregate amortization expense associated with intangible assets is estimated to be as follows for each of the next five years and thereafter:

(in thousands)	Amortization Expense
2023	$	13,841
2024	12,707
2025	12,029
2026	11,767
2027	10,426
Thereafter	36,902
	$	97,672