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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill / Tradename |
(table only in thousands) |  | Engineered Systems segment |  |  | Industrial Process Solutions s egment |  |  | Totals |
Balance of goodwill at December 31, 2019 |  | $ | 97,007 |  |  | $ | 55,013 |  |  | $ | 152,020 |
Acquisitions |  |  | 2,085 |  |  |  | 7,022 |  |  |  | 9,107 |
Foreign currency translation |  |  | 693 |  |  |  | — |  |  |  | 693 |
Balance of goodwill at December 31, 2020 |  |  | 99,785 |  |  |  | 62,035 |  |  |  | 161,820 |
Foreign currency translation |  |  | (482 | ) |  |  | (155 | ) |  |  | (637 | )
Balance of goodwill at December 31, 2021 |  | $ | 99,303 |  |  | $ | 61,880 |  |  | $ | 161,183 |
The Company’s indefinite lived intangible assets as of December 31, 2021 and 2020 consisted of the following:
|  | Tradenames |
(table only in thousands) |  | 2021 |  |  | 2020 |
Balance beginning of year |  | $ | 12,937 |  |  | $ | 14,291 |
Transfer to finite life classification |  |  | (3,150 | ) |  |  | (700 | )
Impairment charge |  |  | — |  |  |  | (850 | )
Foreign currency adjustments |  |  | (158 | ) |  |  | 196 |
Balance end of year |  | $ | 9,629 |  |  | $ | 12,937 |
Intangible Assets - Finite Life |
|  | December 31, |
|  | 2021 |  |  | 2020 |
(table only in thousands) Intangible assets – finite life |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 14,457 |  |  | $ | 13,704 |  |  | $ | 14,457 |  |  | $ | 13,008 |
Customer lists |  |  | 73,199 |  |  |  | 53,970 |  |  |  | 73,199 |  |  |  | 48,959 |
Tradenames |  |  | 9,728 |  |  |  | 2,745 |  |  |  | 6,578 |  |  |  | 1,758 |
Foreign currency adjustments |  |  | (2,149 | ) |  |  | (1,025 | ) |  |  | (2,826 | ) |  |  | (1,954 | )
Total finite life intangible assets |  | $ | 95,235 |  |  | $ | 69,394 |  |  | $ | 91,408 |  |  | $ | 61,771 |

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