XML 46 R33.htm IDEA: XBRL DOCUMENT v3.25.0.1

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill / Tradename

(table only in thousands)		Engineered Systems segment				Industrial Process Solutions segment				Totals
Balance of goodwill at December 31, 2022		$	114,746			$	68,451			$	183,197
Acquisitions			27,152				—				27,152
Foreign currency translation			331				646				977
Balance of goodwill at December 31, 2023			142,229				69,097				211,326
Acquisitions			110				59,005				59,115
Foreign currency translation			(596	)			(98	)			(694	)
Balance of goodwill at December 31, 2024		$	141,743			$	128,004			$	269,747

The Company’s indefinite lived intangible assets as of December 31, 2024 and 2023 consisted of the following:

		Tradenames
(table only in thousands)		2024				2023
Balance beginning of year		$	9,570			$	9,508
Foreign currency adjustments			(104	)			62
Balance end of year		$	9,466			$	9,570

Intangible Assets - Finite Life

The Company’s finite lived intangible assets consisted of the following:

		December 31,
		2024								2023
(table only in thousands) Intangible assets – finite life		Cost				Accum. Amort.				Cost				Accum. Amort.
Technology		$	20,614			$	14,769			$	16,517			$	14,061
Customer lists			127,354				70,045				103,471				63,420
Tradenames			18,530				6,392				14,094				5,001
Foreign currency adjustments			(2,770	)			(1,528	)			(1,083	)			56
Total finite life intangible assets		$	163,728			$	89,678			$	132,999			$	82,538

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration