Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following is the summary of changes to the Company's Goodwill for the three months ended March 31, 2023:

(in thousands)	Vegetation Management			Industrial Equipment			Consolidated
Balance at December 31, 2022		$	127,562		$	68,296		$	195,858
Translation adjustment		530			145			675
Balance at March 31, 2023		$	128,092		$	68,441		$	196,533

Schedule of Finite-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	March 31, 2023		December 31, 2022
Definite:
Trade names and trademarks	15-25 years	$	68,971		$	68,797
Customer and dealer relationships	8-15 years	129,513			129,338
Patents and drawings	3-12 years	28,484			28,437
Favorable leasehold interests	7 years	4,200			4,200
Total at cost		231,168			230,772
Less accumulated amortization		(68,836)			(64,931)
Total net		162,332			165,841
Indefinite:
Trade names and trademarks		5,500			5,500
Total Intangible Assets		$	167,832		$	171,341

Schedule of 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	March 31, 2023		December 31, 2022
Definite:
Trade names and trademarks	15-25 years	$	68,971		$	68,797
Customer and dealer relationships	8-15 years	129,513			129,338
Patents and drawings	3-12 years	28,484			28,437
Favorable leasehold interests	7 years	4,200			4,200
Total at cost		231,168			230,772
Less accumulated amortization		(68,836)			(64,931)
Total net		162,332			165,841
Indefinite:
Trade names and trademarks		5,500			5,500
Total Intangible Assets		$	167,832		$	171,341