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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

 

(table only in thousands)

 

Energy Solutions

segment

 

 

Industrial Solutions

segment

 

 

Fluid Handling segment

 

 

Totals

 

Balance of goodwill at December 31, 2017

 

$

97,621

 

 

$

23,436

 

 

$

45,894

 

 

$

166,951

 

Divestitures

 

 

 

 

 

 

 

 

(14,317

)

 

 

(14,317

)

Foreign currency translation

 

 

(478

)

 

 

 

 

 

 

 

 

(478

)

Balance of goodwill at December 31, 2018

 

 

97,143

 

 

 

23,436

 

 

 

31,577

 

 

 

152,156

 

Foreign currency translation

 

 

(136

)

 

 

 

 

 

 

 

 

(136

)

Balance of goodwill at December 31, 2019

 

$

97,007

 

 

$

23,436

 

 

$

31,577

 

 

$

152,020

 

 

 

 

Tradenames

 

(table only in thousands)

 

2019

 

 

2018

 

Balance beginning of year

 

$

18,258

 

 

$

19,691

 

Transfer to finite life classification

 

 

(3,904

)

 

 

 

Divestitures

 

 

 

 

 

(1,340

)

Foreign currency adjustments

 

 

(63

)

 

 

(93

)

Balance end of year

 

$

14,291

 

 

$

18,258

 

 

Summary of Finite Lived Intangible Assets The Company’s finite lived intangible assets consisted of the following:

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

(table only in thousands)

Intangible assets – finite life

 

Cost

 

 

Accum.

Amort.

 

 

Cost

 

 

Accum.

Amort.

 

Technology

 

$

14,457

 

 

$

10,686

 

 

$

14,457

 

 

$

9,414

 

Customer lists

 

 

68,943

 

 

 

44,484

 

 

 

68,943

 

 

 

37,873

 

Noncompetition agreements

 

 

910

 

 

 

910

 

 

 

910

 

 

 

762

 

Tradenames

 

 

5,294

 

 

 

1,154

 

 

 

1,390

 

 

 

579

 

Foreign currency adjustments

 

 

(1,869

)

 

 

(782

)

 

 

(1,520

)

 

 

(407

)

Total finite life intangible assets

 

$

87,735

 

 

$

56,452

 

 

$

84,180

 

 

$

48,221