Goodwill and Related Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31 were as follows (in thousands):

	Residential		Renewables		Agtech		Infrastructure		Total
Balance at December 31, 2022	$	209,056	$	188,030	$	83,599	$	31,678	$	512,363
Acquired goodwill	4,133		—		—		—		4,133
Other changes (1)	387		(3,800)		300		—		(3,113)
Balance at December 31, 2023	213,576		184,230		83,899		31,678		513,383
Other changes (1)	(4,406)		—		(1,558)		—		(5,964)
Balance at December 31, 2024	$	209,170	$	184,230	$	82,341	$	31,678	$	507,419

(1) Other changes in the carrying amounts of goodwill includes adjustment to prior year acquisitions, foreign currency translation and sale of business.

Schedule of Acquired Intangible Assets

Acquired intangible assets consisted of the following (in thousands):

	December 31, 2024				December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Indefinite-lived intangible assets:
Trademarks	$	40,400	$	—	$	52,300	$	—
Finite-lived intangible assets:
Trademarks	2,550		1,773		5,773		4,714
Unpatented technology	30,329		23,199		34,133		24,295
Customer relationships	99,060		43,560		110,649		48,088
Non-compete agreements	709		634		2,376		2,154
	132,648		69,166		152,931		79,251
Total acquired intangible assets	$	173,048	$	69,166	$	205,231	$	79,251

Schedule of Impaired Intangible Assets

The following table summarizes intangible asset impairment for the years ended December 31 (in thousands):

	2024		2023		2022
Indefinite-lived trademarks (1)	$	11,300	$	3,200	$	—
Amortizing trademarks (2)	—		597		—
Total	$	11,300	$	3,797	$	—

(1) Rebranding initiatives that resulted in the discontinuation of certain indefinite-lived trademarks in both the Renewables and Agtech segments in 2024 and only the Agtech segment in 2023.

(2) Write-off of amortizing intangibles related to a discontinued product line in the Renewables segment.

Schedule of Intangible Assets Amortization Expense

The following table summarizes amortization expense for the years ended December 31 (in thousands):

	2024		2023		2022
Amortization expense	$	10,656	$	11,239	$	11,584

Schedule of Amortization Expense

Amortization expense related to acquired intangible assets for the next five years ended December 31 is estimated as follows (in thousands):

	2025		2026		2027		2028		2029
Amortization expense	$	10,351	$	9,318	$	8,033	$	7,270	$	7,221