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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the goodwill balance by reportable segment:
Rail Products and
Services
Construction
Products
Tubular and Energy
Services
Total
Balance as of December 31, 2019$14,418  $5,147  $—  $19,565  
Foreign currency translation impact(591) —  —  (591) 
Balance as of June 30, 2020$13,827  $5,147  $—  $18,974  
Schedule of Intangible Assets
The components of the Company’s intangible assets were as follows:
June 30, 2020
Weighted Average
Amortization
Period In Years
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Amount
Non-compete agreements5$44  $(41) $ 
Patents10358  (186) 172  
Customer relationships1836,829  (14,791) 22,038  
Trademarks and trade names167,734  (3,807) 3,927  
Technology1435,563  (21,545) 14,018  
$80,528  $(40,370) $40,158  
December 31, 2019
Weighted Average
Amortization
Period In Years
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Amount
Non-compete agreements4$1,272  $(1,259) $13  
Patents10377  (188) 189  
Customer relationships1837,498  (13,945) 23,553  
Trademarks and trade names167,787  (3,551) 4,236  
Technology1335,728  (20,205) 15,523  
$82,662  $(39,148) $43,514  
Estimated Future Amortization
As of June 30, 2020, estimated amortization expense for the remainder of 2020 and thereafter was as follows:
Amortization Expense
Remainder of 2020$2,907  
20215,784  
20225,700  
20235,229  
20244,209  
2025 and thereafter16,329  
$40,158