Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024:

(in thousands)	Vegetation Management			Industrial Equipment			Consolidated
Balance at December 31, 2023		$	128,899		$	77,637		$	206,536
Translation adjustment		(584)			(382)			(966)
Goodwill adjustment		—			(118)			(118)
Balance at March 31, 2024		$	128,315		$	77,137		$	205,452

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, 2024		December 31, 2023
Definite:
Trade names and trademarks	15-25 years	$	72,590		$	72,834
Customer and dealer relationships	8-15 years	137,548			137,744
Patents and drawings	3-12 years	28,469			28,558
Favorable leasehold interests	7 years	4,200			4,200
Noncompetition agreements	5 years	200			200
Total at cost		243,007			243,536
Less accumulated amortization		(84,598)			(80,740)
Total net		158,409			162,796
Indefinite:
Trade names and trademarks		5,500			5,500
Total Intangible Assets		$	163,909		$	168,296

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, 2024		December 31, 2023
Definite:
Trade names and trademarks	15-25 years	$	72,590		$	72,834
Customer and dealer relationships	8-15 years	137,548			137,744
Patents and drawings	3-12 years	28,469			28,558
Favorable leasehold interests	7 years	4,200			4,200
Noncompetition agreements	5 years	200			200
Total at cost		243,007			243,536
Less accumulated amortization		(84,598)			(80,740)
Total net		158,409			162,796
Indefinite:
Trade names and trademarks		5,500			5,500
Total Intangible Assets		$	163,909		$	168,296