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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible AssetsThe following is the summary of changes to the Company's Goodwill for the six months ended June 30, 2022:
(in thousands) | Vegetation Management |  | Industrial Equipment |  |  |  | Consolidated
Balance at December 31, 2021 |  | $ | 132,963 |  |  |  | $ | 69,443 |  |  |  |  |  |  | $ | 202,406 |
Translation adjustment |  | (1,876) |  |  |  | (943) |  |  |  |  |  |  | (2,819) |
Goodwill adjustment |  | (3,519) |  |  |  | — |  |  |  |  |  |  | (3,519) |
Balance at June 30, 2022 |  | $ | 127,568 |  |  |  | $ | 68,500 |  |  |  |  |  |  | $ | 196,068 |
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 |  | June 30, 2022 |  | December 31, 2021
Definite: |  |  |  |  |  |
Trade names and trademarks | 15-25 years |  | $ | 68,719 |  |  |  | $ | 68,321 |
Customer and dealer relationships | 8-15 years |  | 129,539 |  |  |  | 126,104 |
Patents and drawings | 3-12 years |  | 28,223 |  |  |  | 29,338 |
Favorable leasehold interests | 7 years |  | 4,200 |  |  |  | 4,200 |
Total at cost |  |  | 230,681 |  |  |  | 227,963 |
Less accumulated amortization |  |  | (57,400) |  |  |  | (49,997) |
Total net |  |  | 173,281 |  |  |  | 177,966 |
Indefinite: |  |  |  |  |  |
Trade names and trademarks |  |  | 5,500 |  |  |  | 5,500 |
Total Intangible Assets |  |  | $ | 178,781 |  |  |  | $ | 183,466 |
The Company recognized amortization expense of $3.8 million and $3.7 million for the three months ended June 30, 2022 and 2021, respectively, and $7.7 million and $7.3 million for the six months ended June 30, 2022 and 2021, respectively.

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- References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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