Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes to The Company's Goodwill

The following is the summary of changes to the Company's Goodwill for the six months ended June 30, 2022:

(in thousands)	Vegetation Management			Industrial Equipment			Consolidated
Balance at December 31, 2021		$	132,963		$	69,443		$	202,406
Translation adjustment		(1,876)			(943)			(2,819)
Goodwill adjustment		(3,519)			—			(3,519)
Balance at June 30, 2022		$	127,568		$	68,500		$	196,068

Schedule of Definite and Indefinite Lived Intangible Assets

The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:

(in thousands)	Estimated Useful Lives	June 30, 2022		December 31, 2021
Definite:
Trade names and trademarks	15-25 years	$	68,719		$	68,321
Customer and dealer relationships	8-15 years	129,539			126,104
Patents and drawings	3-12 years	28,223			29,338
Favorable leasehold interests	7 years	4,200			4,200
Total at cost		230,681			227,963
Less accumulated amortization		(57,400)			(49,997)
Total net		173,281			177,966
Indefinite:
Trade names and trademarks		5,500			5,500
Total Intangible Assets		$	178,781		$	183,466