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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 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 |
Acquisitions |  |  | 15,968 |  |  |  | 7,344 |  |  |  | 23,312 |
Foreign currency translation |  |  | (525 | ) |  |  | (773 | ) |  |  | (1,298 | )
Balance of goodwill at December 31, 2022 |  | $ | 114,746 |  |  | $ | 68,451 |  |  | $ | 183,197 |
The Company’s indefinite lived intangible assets as of December 31, 2022 and 2021 consisted of the following:
|  | Tradenames |
(table only in thousands) |  | 2022 |  |  | 2021 |
Balance beginning of year |  | $ | 9,629 |  |  | $ | 12,937 |
Transfer to finite life classification |  |  | — |  |  |  | (3,150 | )
Foreign currency adjustments |  |  | (121 | ) |  |  | (158 | )
Balance end of year |  | $ | 9,508 |  |  | $ | 9,629 |
Intangible Assets - Finite Life |
|  | December 31, |
|  | 2022 |  |  | 2021 |
(table only in thousands) Intangible assets – finite life |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 14,457 |  |  | $ | 13,729 |  |  | $ | 14,457 |  |  | $ | 13,704 |
Customer lists |  |  | 85,719 |  |  |  | 57,540 |  |  |  | 73,199 |  |  |  | 53,970 |
Tradenames |  |  | 11,604 |  |  |  | 3,768 |  |  |  | 9,728 |  |  |  | 2,745 |
Foreign currency adjustments |  |  | (1,864 | ) |  |  | (372 | ) |  |  | (2,149 | ) |  |  | (1,025 | )
Total finite life intangible assets |  | $ | 109,916 |  |  | $ | 74,665 |  |  | $ | 95,235 |  |  | $ | 69,394 |

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