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Goodwill and Related Intangible Assets | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND RELATED INTANGIBLE ASSETS | GOODWILL AND RELATED INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the three months ended March 31, 2021 are as follows (in thousands):
| Renewables |  | Residential |  | Agtech |  | Infrastructure |  | Total
Balance at December 31, 2020 | $ | 192,527 |  |  | $ | 205,452 |  |  | $ | 84,622 |  |  | $ | 31,678 |  |  | $ | 514,279 |
Adjustments to prior year acquisitions | 9,951 |  |  | — |  |  | — |  |  |  |  | 9,951 |
Foreign currency translation | (989) |  |  | — |  |  | 205 |  |  | — |  |  | (784) |
Balance at March 31, 2021 | $ | 201,489 |  |  | $ | 205,452 |  |  | $ | 84,827 |  |  | $ | 31,678 |  |  | $ | 523,446 |
The Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company determined that a triggering event has not occurred which would require an interim impairment test to be performed. Acquired Intangible Assets Acquired intangible assets consist of the following (in thousands):
| March 31, 2021 |  | December 31, 2020 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | $ | 56,670 |  |  | $ | — |  |  | $ | 56,570 |  |  | $ | — |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | 5,831 |  |  | 3,574 |  |  | 5,818 |  |  | 3,385 |  |  |
Unpatented technology | 38,892 |  |  | 18,479 |  |  | 38,752 |  |  | 17,765 |  |  |
Customer relationships | 98,135 |  |  | 33,298 |  |  | 98,500 |  |  | 31,580 |  |  |
Non-compete agreements | 4,888 |  |  | 1,913 |  |  | 4,885 |  |  | 1,747 |  |  |
Backlog | 7,235 |  |  | 2,510 |  |  | 7,228 |  |  | 911 |  |  |
| 154,981 |  |  | 59,774 |  |  | 155,183 |  |  | 55,388 |  |  |
Total acquired intangible assets | $ | 211,651 |  |  | $ | 59,774 |  |  | $ | 211,753 |  |  | $ | 55,388 |  |  |
The following table summarizes the acquired intangible asset amortization expense for the three months ended March 31 (in thousands):
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Amortization expense | $ | 4,743 |  |  | $ | 1,984 |  |  |  |  |
Amortization expense related to acquired intangible assets for the remainder of fiscal 2021 and the next five years thereafter is estimated as follows (in thousands):
| 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026
Amortization expense | $ | 14,140 |  |  | $ | 12,120 |  |  | $ | 11,195 |  |  | $ | 11,014 |  |  | $ | 10,780 |  |  | $ | 8,700 |

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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