Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill / Tradename

(table only in thousands)	Engineered Systems segment			Industrial Process Solutions segment			Totals
Balance of goodwill at December 31, 2020	$	99,785		$	62,035		$	161,820
Foreign currency translation		(482	)		(155	)		(637	)
Balance of goodwill at December 31, 2021		99,303			61,880			161,183
Acquisitions		15,968			7,344			23,312
Foreign currency translation		(525	)		(773	)		(1,298	)
Balance of goodwill at December 31, 2022	$	114,746		$	68,451		$	183,197

The Company’s indefinite lived intangible assets as of December 31, 2022 and 2021 consisted of the following:

	Tradenames
(table only in thousands)	2022			2021
Balance beginning of year	$	9,629		$	12,937
Transfer to finite life classification		—			(3,150	)
Foreign currency adjustments		(121	)		(158	)
Balance end of year	$	9,508		$	9,629

Intangible Assets - Finite Life

	December 31,
	2022						2021
(table only in thousands) Intangible assets – finite life	Cost			Accum. Amort.			Cost			Accum. Amort.
Technology	$	14,457		$	13,729		$	14,457		$	13,704
Customer lists		85,719			57,540			73,199			53,970
Tradenames		11,604			3,768			9,728			2,745
Foreign currency adjustments		(1,864	)		(372	)		(2,149	)		(1,025	)
Total finite life intangible assets	$	109,916		$	74,665		$	95,235		$	69,394