XML 40 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Related Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Changes In Carrying Amount Of Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 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(990)— 201 — (789)
Balance at June 30, 2023$187,040 $209,443 $83,800 $31,678 $511,961 
Schedule Of Acquired Intangible Assets
Acquired intangible assets consisted of the following (in thousands):
 June 30, 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:
Trademarks5,472 4,572 5,448 4,481 
Unpatented technology34,232 23,205 34,163 22,037 
Customer relationships114,507 50,303 115,125 46,557 
Non-compete agreements2,374 2,080 2,371 2,006 
156,585 80,160 157,107 75,081 
Total acquired intangible assets$212,085 $80,160 $212,607 $75,081 
Schedule of Acquired Intangible Asset Amortization Expense
The following table summarizes the acquired intangible asset amortization expense for the three and six months ended June 30, (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Amortization expense$2,760 $2,819 $5,526 $5,917 
Schedule Of Amortization Expense
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$5,526 $10,872 $10,735 $9,335 $7,702 $6,834