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Goodwill and Related Intangible Assets
 3 Months Ended
Mar. 31, 2024
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, 2024 are as follows (in thousands):
RenewablesResidentialAgtechInfrastructureTotal
Balance at December 31, 2023$184,230 $213,576 $83,899 $31,678 $513,383 
Adjustments to prior year acquisitions— (1,110)— — (1,110)
Foreign currency translation— — (476)— (476)
Balance at March 31, 2024$184,230 $212,466 $83,423 $31,678 $511,797 
Goodwill is recognized net of accumulated impairment losses of $133.2 million as of March 31, 2024 and December 31, 2023, 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, 2024 which would require an interim impairment test to be performed.
Acquired Intangible Assets
Acquired intangible assets consisted of the following (in thousands):
 March 31, 2024December 31, 2023
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Indefinite-lived intangible assets:
Trademarks$52,300 $— $52,300 $— 
Finite-lived intangible assets:
Trademarks2,550 1,611 5,773 4,714 
Unpatented technology31,812 22,587 34,133 24,295 
Customer relationships101,043 39,435 110,649 48,088 
Non-compete agreements722 537 2,376 2,154 
136,127 64,170 152,931 79,251 
Total acquired intangible assets$188,427 $64,170 $205,231 $79,251 
The following table summarizes the acquired intangible asset amortization expense for the three months ended March 31, (in thousands):
20242023
Amortization expense$2,718 $2,766 
Amortization expense related to acquired intangible assets for the remainder of fiscal 2024 and the next five years thereafter is estimated as follows (in thousands):
202420252026202720282029
Amortization expense$7,926 $10,485 $9,897 $7,639 $7,281 $7,232