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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill / Tradename | Goodwill activity for the three months ended March 31, 2024 and the year ended December 31, 2023 was as follows:
(in thousands) |  | Three months ended March 31, 2024 |  |  | Year ended December 31, 2023 |
Goodwill / Tradename |  | Goodwill |  |  | Tradename |  |  | Goodwill |  |  | Tradename |
Balance at beginning of period |  | $ | 211,326 |  |  | $ | 9,570 |  |  | $ | 183,197 |  |  | $ | 9,508 |
Acquisitions |  |  | 110 |  |  |  | — |  |  |  | 27,152 |  |  |  | — |
Foreign currency translation |  |  | 43 |  |  |  | (12 | ) |  |  | 977 |  |  |  | 62 |
Balance at end of period |  | $ | 211,479 |  |  | $ | 9,558 |  |  | $ | 211,326 |  |  | $ | 9,570 |
During the three months ended March 31, 2024, the Company recorded measurement period adjustments related to the acquisition of Kemco Systems Co., LLC ("Kemco"), as discussed in Note 15, resulting in an increase to goodwill.
Intangible Assets - Finite Life | Finite life intangible assets as of March 31, 2024 and December 31, 2023 consisted of the following:
|  | March 31, 2024 |  |  | December 31, 2023 |
(in thousands) |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 16,517 |  |  | $ | 14,225 |  |  | $ | 16,517 |  |  | $ | 14,061 |
Customer lists |  |  | 103,471 |  |  |  | 65,072 |  |  |  | 103,471 |  |  |  | 63,420 |
Tradenames |  |  | 14,094 |  |  |  | 5,343 |  |  |  | 14,094 |  |  |  | 5,001 |
Foreign currency adjustments |  |  | (1,111 | ) |  |  | 7 |  |  |  | (1,083 | ) |  |  | 56 |
Total intangible assets – finite life |  | $ | 132,971 |  |  | $ | 84,647 |  |  | $ | 132,999 |  |  | $ | 82,538 |
Summary of Finite Lived Intangible Assets Activities | Finite life intangible asset activity for the three months ended March 31, 2024 and 2023 was as follows:
|  | Three months ended March 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Intangible assets – finite life, net at beginning of period |  | $ | 50,461 |  |  | $ | 35,251 |
Amortization expense |  |  | (2,157 | ) |  |  | (1,690 | )
Acquisitions |  |  | — |  |  |  | 1,778 |
Foreign currency adjustments |  |  | 20 |  |  |  | 75 |
Intangible assets – finite life, net at end of period |  | $ | 48,324 |  |  | $ | 35,414 |

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