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Note 11 - Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 11 – GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying value of goodwill and other intangible asset during the nine months ended September 30, 2022:
Historical Cost of Intangible Assets |  | December 31, 2021 |  |  | Acquisitions |  |  | Foreign Currency |  |  | September 30, 2022 |
Customer relationships |  | $ | 7,769 |  |  | $ | 200,900 |  |  | $ | (165 | ) |  | $ | 208,504 |
Technology and drawings |  |  | 6,750 |  |  |  | 39,800 |  |  |  | (17 | ) |  |  | 46,533 |
Other intangibles |  |  | 1,997 |  |  |  | - |  |  |  | - |  |  |  | 1,997 |
Total finite-lived intangible assets |  |  | 16,516 |  |  |  | 240,700 |  |  |  | (182 | ) |  |  | 257,034 |
Trade names |  |  | 2,528 |  |  |  | 10,700 |  |  |  | (3 | ) |  |  | 13,225 |
Goodwill |  |  | 27,243 |  |  |  | 228,725 |  |  |  | (460 | ) |  |  | 255,508 |
Total |  | $ | 46,287 |  |  | $ | 480,125 |  |  | $ | (645 | ) |  | $ | 525,767 |
The major components of Goodwill and other intangible assets are:
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Historical Cost |  |  | Accumulated Amortization |  |  | Historical Cost |  |  | Accumulated Amortization |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 208,504 |  |  | $ | 10,721 |  |  | $ | 7,769 |  |  | $ | 7,255 |
Technology and drawings |  |  | 46,533 |  |  |  | 5,179 |  |  |  | 6,750 |  |  |  | 4,305 |
Other intangibles |  |  | 1,997 |  |  |  | 1,814 |  |  |  | 1,997 |  |  |  | 1,641 |
Total finite-lived intangible assets |  |  | 257,034 |  |  |  | 17,714 |  |  |  | 16,516 |  |  |  | 13,201 |
Trade names and trademarks |  |  | 13,225 |  |  |  | - |  |  |  | 2,528 |  |  |  | - |
Goodwill |  |  | 255,508 |  |  |  | - |  |  |  | 27,243 |  |  |  | - |
Total |  | $ | 525,767 |  |  | $ | 17,714 |  |  | $ | 46,287 |  |  | $ | 13,201 |
Amortization expense was $3.1 million and $0.1 million for the third quarter of 2022 and 2021, respectively. Amortization expense was $4.5 million and $0.4 million for the nine months ended 2022 and 2021, respectively. The following table summarizes the future estimated amortization expense relating to our intangible assets as of September 30, 2022 (in thousands):
2022 (three months) |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | Thereafter |  |  | Total |
$ | 3,208 |  |  | $ | 12,520 |  |  | $ | 12,394 |  |  | $ | 12,363 |  |  | $ | 12,318 |  |  | $ | 12,281 |  |  | $ | 174,236 |  |  | $ | 239,320 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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