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Goodwill and Related Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31 were as follows (in thousands):
RenewablesResidentialAgtechInfrastructureTotal
Balance at December 31, 2019$44,816 $198,075 $32,786 $31,678 $307,355 
Acquired goodwill147,004 7,377 50,862 — 205,243 
Adjustments to prior year acquisitions— — 578 — 578 
Foreign currency translation707 — 396 — 1,103 
Balance at December 31, 2020$192,527 $205,452 $84,622 31,678 $514,279 
Adjustments to prior year acquisitions(2,433)— 323 — (2,110)
Foreign currency translation(1,414)— 187 — (1,227)
Balance at December 31, 2021$188,680 $205,452 $85,132 31,678 $510,942 
Schedule of Acquired Intangible Assets
Acquired intangible assets consist of the following (in thousands):
 December 31, 2021December 31, 2020
 Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Indefinite-lived intangible assets:
Trademarks$52,700 $— $56,570 $— 
Finite-lived intangible assets:
Trademarks5,521 4,011 5,818 3,385 
Unpatented technology38,474 20,656 38,752 17,765 
Customer relationships108,591 39,832 98,500 31,580 
Non-compete agreements2,686 1,969 4,885 1,747 
Backlog7,200 7,200 7,228 911 
162,472 73,668 155,183 55,388 
Total acquired intangible assets$215,172 $73,668 $211,753 $55,388 
Schedule of Intangible Assets Amortization Expense The following table summarizes amortization expense for the years ended December 31 (in thousands):
202120202019
Amortization expense$18,856 $9,663 $6,891 
Schedule of Amortization Expense
Amortization expense related to acquired intangible assets for the next five years ended December 31 is estimated as follows (in thousands):
20222023202420252026
Amortization expense$12,124 $11,195 $11,014 $10,780 $9,161