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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

 

(table only in thousands)

 

Energy Solutions

segment

 

 

Industrial Solutions

segment

 

 

Fluid Handling Solutions segment

 

 

Totals

 

Balance of goodwill at December 31, 2018

 

$

97,143

 

 

$

23,436

 

 

$

31,577

 

 

$

152,156

 

Foreign currency translation

 

 

(136

)

 

 

 

 

 

 

 

 

(136

)

Balance of goodwill at December 31, 2019

 

 

97,007

 

 

 

23,436

 

 

 

31,577

 

 

 

152,020

 

Acquisitions

 

 

2,085

 

 

 

7,022

 

 

 

 

 

 

9,107

 

Foreign currency translation

 

 

693

 

 

 

 

 

 

 

 

 

693

 

Balance of goodwill at December 31, 2020

 

$

99,785

 

 

$

30,458

 

 

$

31,577

 

 

$

161,820

 

 

 

 

 

Tradenames

 

(table only in thousands)

 

2020

 

 

2019

 

Balance beginning of year

 

$

14,291

 

 

$

18,258

 

Transfer to finite life classification

 

 

(700

)

 

 

(3,904

)

Impairment charge

 

 

(850

)

 

 

 

Foreign currency adjustments

 

 

196

 

 

 

(63

)

Balance end of year

 

$

12,937

 

 

$

14,291

 

 

The Company’s finite lived intangible assets consisted of the following:

Intangible Assets - Finite Life

 

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

(table only in thousands)

Intangible assets – finite life

 

Cost

 

 

Accum.

Amort.

 

 

Cost

 

 

Accum.

Amort.

 

Technology

 

$

14,457

 

 

$

13,008

 

 

$

14,457

 

 

$

10,686

 

Customer lists

 

 

73,199

 

 

 

48,959

 

 

 

68,943

 

 

 

44,484

 

Tradenames

 

 

6,578

 

 

 

1,758

 

 

 

5,294

 

 

 

1,154

 

Foreign currency adjustments

 

 

(2,826

)

 

 

(1,954

)

 

 

(1,869

)

 

 

(782

)

Total finite life intangible assets

 

$

91,408

 

 

$

61,771

 

 

$

86,825

 

 

$

55,542