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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2023
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, 2022 |  | $ | 19,948 |  |  | $ | 10,785 |  |  | $ | — |  |  | $ | 30,733 |
VanHooseCo acquisition |  | — |  |  | 242 |  |  | — |  |  | 242 |
Foreign currency translation impact |  | 429 |  |  | — |  |  | — |  |  | 429 |
Balance as of June 30, 2023 |  | $ | 20,377 |  |  | $ | 11,027 |  |  | $ | — |  |  | $ | 31,404 |
Schedule of Finite-Lived Intangible Assets | As of June 30, 2023 and December 31, 2022, the components of the Company’s intangible assets were as follows:
|  | June 30, 2023 |  |
|  | Weighted Average Amortization Period In Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Amount |  |
Patents |  | 10 |  | $ | 338 |  |  | $ | (197) |  |  | $ | 141 |  |  |
Customer relationships |  | 16 |  | 27,656 |  |  | (15,828) |  |  | 11,828 |  |  |
Trademarks and trade names |  | 16 |  | 7,983 |  |  | (4,299) |  |  | 3,684 |  |  |
Technology |  | 14 |  | 32,306 |  |  | (26,978) |  |  | 5,328 |  |  |
Favorable lease |  | 6 |  | 327 |  |  | (52) |  |  | 275 |  |  |
|  |  |  | $ | 68,610 |  |  | $ | (47,354) |  |  | $ | 21,256 |  |  |
During the six months ended June 30, 2023, certain fully amortized intangible assets of $28 related to non-compete agreements were eliminated from gross intangible assets and accumulated amortization.
|  | December 31, 2022
|  | Weighted Average Amortization Period In Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Amount
Non-compete agreements |  | 1 |  | $ | 27 |  |  | $ | (16) |  |  | $ | 11 |
Patents |  | 10 |  | 330 |  |  | (187) |  |  | 143 |
Customer relationships |  | 16 |  | 27,184 |  |  | (14,129) |  |  | 13,055 |
Trademarks and trade names |  | 16 |  | 7,933 |  |  | (3,989) |  |  | 3,944 |
Technology |  | 14 |  | 32,201 |  |  | (25,827) |  |  | 6,374 |
Favorable lease |  | 6 |  | 327 |  |  | (23) |  |  | 304 |
|  |  |  | $ | 68,002 |  |  | $ | (44,171) |  |  | $ | 23,831 |

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