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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following at December 31:

						2023																		2022
(in thousands)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Goodwill
T&D						$	93,240					$	—					$	93,240					$	93,240					$	—					$	93,240
C&I						25,830						—						25,830						25,830						—						25,830
Foreign currency translation						(2,117)						—						(2,117)						(3,223)						—						(3,223)
Total goodwill						$	116,953					$	—					$	116,953					$	115,847					$	—					$	115,847
Amortizable Intangible Assets
Backlog						$	9,296					$	9,296					$	—					$	9,296					$	9,296					$	—
Customer relationships						71,139						20,905						50,234						71,138						16,094						55,044
Trade names						695						403						292						695						357						338
Below market lease						511						200						311						511						102						409
Foreign currency translation						(1,768)						(270)						(1,498)						(2,689)						(410)						(2,279)
Indefinite-lived Intangible Assets
Trade names						34,412						—						34,412						34,412						—						34,412
Foreign currency translation						(235)						—						(235)						(367)						—						(367)
Total intangible assets						$	114,050					$	30,534					$	83,516					$	112,996					$	25,439					$	87,557

Schedule of estimated future intangible asset amortization expense

As of December 31, 2023, estimated future intangible asset amortization expense for the each of the next five years and thereafter was as follows:

(in thousands)						Future Amortization Expense
2024						$	4,954
2025						4,954
2026						4,954
2027						4,815
2028						4,805
Thereafter						24,857
Total						$	49,339

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- References

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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