XML 47 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the carrying value of goodwill by segment is as follows (in thousands):
TotalMeasurement SystemsWeighing Solutions
KELK AcquisitionDSI AcquisitionDTS AcquisitionStress-Tek Acquisition
Balance at January 1, 2022$45,830 $6,706 $16,910 $15,903 $6,311 
Adjustment to goodwill acquired130 — — 130 — 
Foreign currency translation adjustment(416)(393)(23)— — 
Balance at December 31, 202245,544 6,313 16,887 16,033 6,311 
Foreign currency translation adjustment190 175 15   
Balance at December 31, 2023$45,734 $6,488 $16,902 $16,033 $6,311 
Schedule of Finite-Lived Intangible Assets
Intangible assets were as follows (in thousands):
December 31,
20232022
Intangible assets subject to amortization
(Definite-lived):
Patents and acquired technology$32,752 $32,570 
Customer relationships33,537 33,226 
Trade names1,517 1,521 
Non-competition agreements9,956 10,133 
 77,762 77,450 
Accumulated amortization:
Patents and acquired technology(11,048)(9,059)
Customer relationships(18,306)(16,209)
Trade names(1,517)(1,521)
Non-competition agreements(9,939)(10,098)
 (40,810)(36,887)
Net intangible assets subject to amortization$36,952 $40,563 
Intangible assets not subject to amortization
(Indefinite-lived):
Trade names7,682 7,654 
$44,634 $48,217 
Schedule of Expected Amortization Expense
Estimated annual amortization expense for each of the next five years is as follows (in thousands):
2024$3,722 
20253,705 
20263,705 
20273,669 
20283,081