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Goodwill and Related Intangible Assets
 9 Months Ended
Sep. 30, 2024
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 nine months ended September 30, 2024 are as follows (in thousands):
ResidentialRenewablesAgtechInfrastructureTotal
Balance at December 31, 2023$213,576 $184,230 $83,899 $31,678 $513,383 
Adjustments to prior year acquisitions(1,110)— — — (1,110)
Foreign currency translation— — (332)— (332)
Balance at September 30, 2024$212,466 $184,230 $83,567 $31,678 $511,941 
Goodwill is recognized net of accumulated impairment losses of $133.2 million as of September 30, 2024 and December 31, 2023.
The Company is required to regularly assess whether a triggering event has occurred which would require interim impairment testing. The Company determined that no triggering event had occurred as of September 30, 2024 which would require an interim impairment test to be performed.
Acquired Intangible Assets
Acquired intangible assets consisted of the following (in thousands):
 September 30, 2024December 31, 2023
 Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Indefinite-lived intangible assets:
Trademarks$52,300 $— $52,300 $— 
Finite-lived intangible assets:
Trademarks2,550 1,719 5,773 4,714 
Unpatented technology31,818 23,730 34,133 24,295 
Customer relationships101,051 43,399 110,649 48,088 
Non-compete agreements722 610 2,376 2,154 
136,141 69,458 152,931 79,251 
Total acquired intangible assets$188,441 $69,458 $205,231 $79,251 
The following table summarizes the acquired intangible asset amortization expense (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Amortization expense$2,679 $2,893 $8,036 $8,419 
Amortization expense related to acquired intangible assets for the remainder of fiscal 2024 and the next five years thereafter is estimated as follows (in thousands):
202420252026202720282029
Amortization expense$2,640 $10,486 $9,453 $8,070 $7,275 $7,226