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v3.25.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes to Company's Goodwill | The following is the summary of changes to the Company's Goodwill for the three months ended March 31, 2025:
(in thousands) | Vegetation Management |  | Industrial Equipment |  |  |  | Consolidated
Balance at December 31, 2024 |  | $ | 126,729 |  |  |  | $ | 76,298 |  |  |  |  |  |  | $ | 203,027 |
Translation adjustment |  | 1,144 |  |  |  | 411 |  |  |  |  |  |  | 1,555 |
Balance at March 31, 2025 |  | $ | 127,873 |  |  |  | $ | 76,709 |  |  |  |  |  |  | $ | 204,582 |
Schedule of Definite-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, 2025 |  | December 31, 2024
Definite: |  |  |  |  |  |
Trade names and trademarks | 15-25 years |  | $ | 72,491 |  |  |  | $ | 72,040 |
Customer and dealer relationships | 8-15 years |  | 137,402 |  |  |  | 137,086 |
Patents and drawings | 3-12 years |  | 28,683 |  |  |  | 28,529 |
Favorable leasehold interests | 7 years |  | 4,200 |  |  |  | 4,200 |
Noncompetition agreements | 5 years |  | 200 |  |  |  | 200 |
Total at cost |  |  | 242,976 |  |  |  | 242,055 |
Less accumulated amortization |  |  | (100,577) |  |  |  | (96,195) |
Total net |  |  | 142,399 |  |  |  | 145,860 |
Indefinite: |  |  |  |  |  |
Trade names and trademarks |  |  | 5,500 |  |  |  | 5,500 |
Total Intangible Assets |  |  | $ | 147,899 |  |  |  | $ | 151,360 |
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, 2025 |  | December 31, 2024
Definite: |  |  |  |  |  |
Trade names and trademarks | 15-25 years |  | $ | 72,491 |  |  |  | $ | 72,040 |
Customer and dealer relationships | 8-15 years |  | 137,402 |  |  |  | 137,086 |
Patents and drawings | 3-12 years |  | 28,683 |  |  |  | 28,529 |
Favorable leasehold interests | 7 years |  | 4,200 |  |  |  | 4,200 |
Noncompetition agreements | 5 years |  | 200 |  |  |  | 200 |
Total at cost |  |  | 242,976 |  |  |  | 242,055 |
Less accumulated amortization |  |  | (100,577) |  |  |  | (96,195) |
Total net |  |  | 142,399 |  |  |  | 145,860 |
Indefinite: |  |  |  |  |  |
Trade names and trademarks |  |  | 5,500 |  |  |  | 5,500 |
Total Intangible Assets |  |  | $ | 147,899 |  |  |  | $ | 151,360 |

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