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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following is the summary of changes to the Company's Goodwill for the nine months ended September 30, 2025:
(in thousands)Vegetation ManagementIndustrial EquipmentConsolidated
Balance at December 31, 2024$126,729 $76,298 $203,027 
Translation adjustment2,981 1,472 4,453 
Goodwill acquired— 6,949 6,949 
Balance at September 30, 2025$129,710 $84,719 $214,429 

The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:
(in thousands)
Estimated Useful Lives
September 30, 2025December 31, 2024
Definite:
Trade names and trademarks
15-25 years
$77,480 $72,040 
Customer and dealer relationships
8-15 years
140,517 137,086 
Patents and drawings
3-12 years
29,002 28,529 
Favorable leasehold interests
7 years
4,200 4,200 
Noncompetition agreements
5 years
200 200 
Total at cost251,399 242,055 
Less accumulated amortization(109,577)(96,195)
Total net141,822 145,860 
Indefinite:
Trade names and trademarks5,500 5,500 
Total Intangible Assets$147,322 $151,360 
The Company recognized amortization expense of $4.2 million and $4.1 million for the three months ended September 30, 2025 and 2024, respectively, and $12.3 million and $12.2 million for the nine months ended September 30, 2025 and 2024, respectively.