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Goodwill and Related Intangible Assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND RELATED INTANGIBLE ASSETS GOODWILL AND RELATED INTANGIBLE ASSETS
Goodwill
The changes in the carrying amount of goodwill for the three months ended March 31, 2023 are as follows (in thousands):
RenewablesResidentialAgtechInfrastructureTotal
Balance at December 31, 2022$188,030 $209,056 $83,599 $31,678 $512,363 
Adjustments to prior year acquisitions— 387 — — 387 
Foreign currency translation(141)— 30 — (111)
Balance at March 31, 2023$187,889 $209,443 $83,629 $31,678 $512,639 
Goodwill is recognized net of accumulated impairment losses of $133.2 million as of March 31, 2023 and December 31, 2022, respectively.
The Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company determined that no triggering event had occurred as of March 31, 2023 which would require an interim impairment test to be performed.
Acquired Intangible Assets
Acquired intangible assets consisted of the following (in thousands):
 March 31, 2023December 31, 2022
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Indefinite-lived intangible assets:
Trademarks$55,500 $— $55,500 $— 
Finite-lived intangible assets:
Trademarks5,449 4,516 5,448 4,481 
Unpatented technology34,165 22,610 34,163 22,037 
Customer relationships115,027 48,609 115,125 46,557 
Non-compete agreements2,371 2,042 2,371 2,006 
157,012 77,777 157,107 75,081 
Total acquired intangible assets$212,512 $77,777 $212,607 $75,081 
The following table summarizes the acquired intangible asset amortization expense for the three months ended March 31, (in thousands):
20232022
Amortization expense$2,766 $3,098 
Amortization expense related to acquired intangible assets for the remainder of fiscal 2023 and the next five years thereafter is estimated as follows (in thousands):
202320242025202620272028
Amortization expense$8,297 $10,883 $10,745 $9,338 $7,699 $6,832