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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table presents the changes in goodwill balance by reportable segment for the period presented:
|  | Rail, Technologies, and Services |  | Precast Concrete Products |  | Steel Products and Measurement |  | Total
Balance as of December 31, 2021 |  | $ | 14,577 |  |  | $ | 2,564 |  |  | $ | 3,011 |  |  | $ | 20,152 |
Skratch acquisition |  | 5,343 |  |  | — |  |  | — |  |  | 5,343 |
Foreign currency translation impact |  | (924) |  |  | — |  |  | — |  |  | (924) |
Balance as of June 30, 2022 |  | $ | 18,996 |  |  | $ | 2,564 |  |  | $ | 3,011 |  |  | $ | 24,571 |
Schedule of Intangible Assets and Goodwill | The following table summarizes the estimates of the fair value of the goodwill and identified intangible assets acquired as of June 30, 2022:
|  | Skratch
Goodwill |  | $ | 5,343 |
Non-compete agreements |  | 27 |
Customer relationships |  | 1,335 |
Trademarks and trade names |  | 370 |
The components of the Company’s intangible assets were as follows for the periods presented:
|  | June 30, 2022
|  | Weighted Average Amortization Period In Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Amount
Non-compete agreements |  | 1 |  | $ | 27 |  |  | $ | — |  |  | $ | 27 |
Patents |  | 10 |  | 385 |  |  | (230) |  |  | 155 |
Customer relationships |  | 18 |  | 36,528 |  |  | (18,689) |  |  | 17,839 |
Trademarks and trade names |  | 16 |  | 8,094 |  |  | (4,930) |  |  | 3,164 |
Technology |  | 13 |  | 35,516 |  |  | (27,161) |  |  | 8,355 |
|  |  |  | $ | 80,550 |  |  | $ | (51,010) |  |  | $ | 29,540 |
|  | December 31, 2021
|  | Weighted Average Amortization Period In Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  | 10 |  | $ | 385 |  |  | $ | (218) |  |  | $ | 167 |
Customer relationships |  | 18 |  | 36,163 |  |  | (18,222) |  |  | 17,941 |
Trademarks and trade names |  | 16 |  | 7,801 |  |  | (4,702) |  |  | 3,099 |
Technology |  | 13 |  | 35,772 |  |  | (25,956) |  |  | 9,816 |
|  |  |  | $ | 80,121 |  |  | $ | (49,098) |  |  | $ | 31,023 |
Estimated Future Amortization | As of June 30, 2022, estimated amortization expense for the remainder of 2022 and thereafter was as follows:
| Amortization Expense
Remainder of 2022 | $ | 3,050 |
2023 | 5,652 |
2024 | 4,634 |
2025 | 2,741 |
2026 | 2,092 |
2027 and thereafter | 11,371 |
| $ | 29,540 |

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