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Goodwill and Related Intangible Assets | 3 Months Ended
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Mar. 31, 2022
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, 2022 are as follows (in thousands):
| Renewables |  | Residential |  | Agtech |  | Infrastructure |  | Total
Balance at December 31, 2021 | $ | 188,680 |  |  | $ | 205,452 |  |  | $ | 85,132 |  |  | $ | 31,678 |  |  | $ | 510,942 |
Foreign currency translation | (707) |  |  | — |  |  | 305 |  |  | — |  |  | (402) |
Balance at March 31, 2022 | $ | 187,973 |  |  | $ | 205,452 |  |  | $ | 85,437 |  |  | $ | 31,678 |  |  | $ | 510,540 |
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 as of March 31, 2022 which would require an interim impairment test to be performed. Acquired Intangible Assets Acquired intangible assets consist of the following (in thousands):
| March 31, 2022 |  | December 31, 2021 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | $ | 52,700 |  |  | $ | — |  |  | $ | 52,700 |  |  | $ | — |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks | 5,540 |  |  | 4,161 |  |  | 5,521 |  |  | 4,011 |  |  |
Unpatented technology | 34,425 |  |  | 20,365 |  |  | 38,474 |  |  | 20,656 |  |  |
Customer relationships | 104,252 |  |  | 40,777 |  |  | 108,591 |  |  | 39,832 |  |  |
Non-compete agreements | 2,389 |  |  | 1,896 |  |  | 2,686 |  |  | 1,969 |  |  |
Backlog | 6,910 |  |  | 6,910 |  |  | 7,200 |  |  | 7,200 |  |  |
| 153,516 |  |  | 74,109 |  |  | 162,472 |  |  | 73,668 |  |  |
Total acquired intangible assets | $ | 206,216 |  |  | $ | 74,109 |  |  | $ | 215,172 |  |  | $ | 73,668 |  |  |
The following table summarizes the acquired intangible asset amortization expense for the three months ended March 31 (in thousands):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Amortization expense | $ | 3,098 |  |  | $ | 4,743 |  |  |  |  |
Amortization expense related to acquired intangible assets for the remainder of fiscal 2022 and the next five years thereafter is estimated as follows (in thousands):
| 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense | $ | 8,261 |  |  | $ | 10,221 |  |  | $ | 10,040 |  |  | $ | 9,900 |  |  | $ | 8,435 |  |  | $ | 6,756 |

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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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