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Goodwill and Related Intangible Assets
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2023 are as follows (in thousands):
RenewablesResidentialAgtechInfrastructureTotal
Balance at December 31, 2022$188,030 $209,056 $83,599 $31,678 $512,363 
Acquired goodwill— 4,133 — — 4,133 
Adjustments to prior year acquisitions— 387 — — 387 
Foreign currency translation(1,273)— (266)— (1,539)
Balance at September 30, 2023$186,757 $213,576 $83,333 $31,678 $515,344 
Goodwill is recognized net of accumulated impairment losses of $133.2 million as of September 30, 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 September 30, 2023 which would require an interim impairment test to be performed.
Acquired Intangible Assets
Acquired intangible assets consisted of the following (in thousands):
 September 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:
Trademarks5,745 4,616 5,448 4,481 
Unpatented technology34,155 23,749 34,163 22,037 
Customer relationships119,078 52,323 115,125 46,557 
Non-compete agreements2,370 2,113 2,371 2,006 
161,348 82,801 157,107 75,081 
Total acquired intangible assets$216,848 $82,801 $212,607 $75,081 
The following table summarizes the acquired intangible asset amortization expense for the three and nine months ended September 30, (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202220232022
Amortization expense$2,893 $2,801 $8,419 $8,718 
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$2,899 $11,416 $11,204 $9,738 $8,111 $7,244