v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes to Company's Goodwill
The following is the summary of changes to the Company's Goodwill for the six months ended June 30, 2026:
(in thousands)Vegetation ManagementIndustrial EquipmentConsolidated
Balance at December 31, 2025$129,773 $84,838 $214,611 
Translation adjustment(352)(541)(893)
Goodwill acquired— 57,600 57,600 
Balance at June 30, 2026$129,421 $141,897 $271,318 
Schedule of Definite-Lived Intangible Assets
The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:
(in thousands)
Estimated Useful Lives
June 30, 2026December 31, 2025
Definite:
Trade names and trademarks
15-25 years
$78,925 $79,224 
Customer and dealer relationships
8-15 years
192,920 140,566 
Patents and drawings
4-25 years
28,953 29,078 
Favorable leasehold interests
7 years
4,200 4,200 
Noncompetition agreements
5 years
200 200 
Total at cost305,198 253,268 
Less accumulated amortization(123,399)(113,836)
Total net181,799 139,432 
Indefinite:
Trade names and trademarks31,200 5,500 
Total Intangible Assets$212,999 $144,932 
Intangible Asset, Indefinite-Lived
The following is a summary of the Company's definite and indefinite-lived intangible assets net of the accumulated amortization:
(in thousands)
Estimated Useful Lives
June 30, 2026December 31, 2025
Definite:
Trade names and trademarks
15-25 years
$78,925 $79,224 
Customer and dealer relationships
8-15 years
192,920 140,566 
Patents and drawings
4-25 years
28,953 29,078 
Favorable leasehold interests
7 years
4,200 4,200 
Noncompetition agreements
5 years
200 200 
Total at cost305,198 253,268 
Less accumulated amortization(123,399)(113,836)
Total net181,799 139,432 
Indefinite:
Trade names and trademarks31,200 5,500 
Total Intangible Assets$212,999 $144,932