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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
Components of other intangible assets were as follows (dollars in thousands):
Finite LifeIndefinite Life
Customer
Relationships
Patents and
Proprietary
Technology
Trademarks,
Trade Names
and Other
Trade
Names
Total
As of September 30, 2022
Cost
$202,103 $26,574 $1,700 $62,633 $293,010 
Accumulated amortization
(119,529)(17,519)(659)— (137,707)
Foreign currency translation(12,791)(1,042)— (4,522)(18,355)
Book value
$69,783 $8,013 $1,041 $58,111 $136,948 
Weighted average life in years
13105N/A
As of December 31, 2021
Cost
$194,505 $26,074 $900 $62,633 $284,112 
Accumulated amortization
(108,657)(15,734)(452)— (124,843)
Foreign currency translation(7,710)(707)— (1,112)(9,529)
Book value
$78,138 $9,633 $448 $61,521 $149,740 
Weighted average life in years
13105N/A
Future Amortization Expense Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
2022 (Remainder)2023202420252026Thereafter
Estimated Amortization Expense$4,556 $16,860 $15,639 $15,071 $8,660 $18,051 
Goodwill Rollforward
Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): 
Industrial    Process    Contractor    Total    
Balance, December 31, 2021$185,733 $141,304 $29,218 $356,255 
Additions, adjustments from business acquisitions— 16,994 — 16,994 
Foreign currency translation(10,162)(3,442)— (13,604)
Balance, September 30, 2022$175,571 $154,856 $29,218 $359,645