Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 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
Acquisition	—		466		—		466
Foreign currency translation impact	(208)		—		—		(208)
Balance as of September 30, 2020	$	14,210	$	5,613	$	—	$	19,823

Schedule of Intangible Assets

The following table summarizes the estimates of the fair value of the goodwill and identifiable intangible assets acquired as of September 30, 2020:

	LarKen
Goodwill	$	466
Customer relationships	399

The components of the Company’s intangible assets were as follows for the periods presented:

	September 30, 2020
	Weighted Average Amortization Period In Years	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Non-compete agreements	5	$	46	$	(45)	$	1
Patents	10	366		(193)		173
Customer relationships	18	35,725		(14,999)		20,726
Trademarks and trade names	16	7,765		(3,966)		3,799
Technology	14	35,667		(22,320)		13,347
		$	79,569	$	(41,523)	$	38,046
	December 31, 2019
	Weighted Average Amortization Period In Years	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Non-compete agreements	4	$	1,272	$	(1,259)	$	13
Patents	10	377		(188)		189
Customer relationships	18	35,605		(13,453)		22,152
Trademarks and trade names	16	7,787		(3,551)		4,236
Technology	13	35,728		(20,205)		15,523
		$	80,769	$	(38,656)	$	42,113

Estimated Future Amortization

As of September 30, 2020, estimated amortization expense for the remainder of 2020 and thereafter was as follows:

	Amortization Expense
Remainder of 2020	$	1,452
2021	5,780
2022	5,694
2023	5,223
2024	4,210
2025 and thereafter	15,687
	$	38,046