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Acquisitions, Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisition

Schedule of Goodwill

oodwill by reportable segment were as follows:

(In thousands)	OEM Segment				Aftermarket Segment				Total
Net balance – December 31, 2015	$	69,822			$	13,797			$	83,619
Acquisitions – 2016	5,059				738				5,797
Other	(218		)		—				(218		)
Net balance – December 31, 2016	74,663				14,535				89,198
Acquisitions – 2017	29,772				—				29,772
Other	5,206				7				5,213
Net balance – December 31, 2017	$	109,641			$	14,542			$	124,183

Schedule of Finite-Lived Intangible Assets

Other intangible assets, by segment, consisted of the following at December 31:

(In thousands)	2017				2016
OEM Segment	$	116,648			$	97,689
Aftermarket Segment	13,484				15,254
Other intangible assets	$	130,132			$	112,943

Other intangible assets consisted of the following at December 31, 2017:

(In thousands)	Gross Cost				Accumulated Amortization				Net Balance				Estimated Useful Life in Years
Customer relationships	$	138,687			$	42,276			$	96,411			6	to	16
Patents	57,576				38,764				18,812				3	to	19
Trade names	10,995				5,381				5,614				3	to	15
Non-compete agreements	8,536				4,128				4,408				3	to	6
Other	309				109				200				2	to	12
Purchased research and development	4,687				—				4,687				Indefinite
Other intangible assets	$	220,790			$	90,658			$	130,132

Other intangible assets consisted of the following at December 31, 2016:

(In thousands)	Gross Cost				Accumulated Amortization				Net Balance				Estimated Useful Life in Years
Customer relationships	$	110,784			$	32,414			$	78,370			6	to	16
Patents	56,468				34,066				22,402				3	to	19
Trade names	10,041				5,667				4,374				3	to	15
Non-compete agreements	5,852				2,975				2,877				3	to	6
Other	309				76				233				2	to	12
Purchased research and development	4,687				—				4,687				Indefinite
Other intangible assets	$	188,141			$	75,198			$	112,943

Schedule of Indefinite-Lived Intangible Assets

Other intangible assets, by segment, consisted of the following at December 31:

(In thousands)	2017				2016
OEM Segment	$	116,648			$	97,689
Aftermarket Segment	13,484				15,254
Other intangible assets	$	130,132			$	112,943

Other intangible assets consisted of the following at December 31, 2017:

(In thousands)	Gross Cost				Accumulated Amortization				Net Balance				Estimated Useful Life in Years
Customer relationships	$	138,687			$	42,276			$	96,411			6	to	16
Patents	57,576				38,764				18,812				3	to	19
Trade names	10,995				5,381				5,614				3	to	15
Non-compete agreements	8,536				4,128				4,408				3	to	6
Other	309				109				200				2	to	12
Purchased research and development	4,687				—				4,687				Indefinite
Other intangible assets	$	220,790			$	90,658			$	130,132

Other intangible assets consisted of the following at December 31, 2016:

(In thousands)	Gross Cost				Accumulated Amortization				Net Balance				Estimated Useful Life in Years
Customer relationships	$	110,784			$	32,414			$	78,370			6	to	16
Patents	56,468				34,066				22,402				3	to	19
Trade names	10,041				5,667				4,374				3	to	15
Non-compete agreements	5,852				2,975				2,877				3	to	6
Other	309				76				233				2	to	12
Purchased research and development	4,687				—				4,687				Indefinite
Other intangible assets	$	188,141			$	75,198			$	112,943

Schedule of Estimated Amortization Expense

Amortization expense related to other intangible assets was as follows for the years ended December 31:

(In thousands)	2017				2016				2015
Cost of sales	$	5,631			$	5,967			$	6,017
Selling, general and administrative	13,942				11,791				10,038
Amortization expense	$	19,573			$	17,758			$	16,055

Estimated amortization expense for other intangible assets for the next five years is as follows:

(In thousands)	2018				2019				2020				2021				2022
Cost of sales	$	5,324			$	4,680			$	3,633			$	3,093			$	2,229
Selling, general and administrative	13,976				12,672				10,945				9,825				9,168
Amortization expense	$	19,300			$	17,352			$	14,578			$	12,918			$	11,397

Metallarte S.r.l.

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):

Cash consideration, net of cash acquired	$	13,501
Contingent consideration	2,366
Total fair value of consideration given	$	15,867
Customer relationships	$	7,000
Other identifiable intangible assets	2,150
Net other liabilities	(320		)
Total fair value of net assets acquired	$	8,830
Goodwill (not tax deductible)	$	7,037

Lexington

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):

Cash consideration	$	40,062
Customer relationships	$	16,900
Other identifiable intangible assets	1,820
Net tangible assets	4,928
Total fair value of net assets acquired	$	23,648
Goodwill (tax deductible)	$	16,414

Sessa Klein S.p.A.

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration, net of cash acquired	$	6,502
Contingent consideration	4,922
Total fair value of consideration given	$	11,424
Customer relationships	$	3,189
Other identifiable intangible assets	1,329
Net tangible assets	585
Total fair value of net assets acquired	$	5,103
Goodwill (not tax deductible)	$	6,321

Atwood Mobile Products, LLC

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	12,463
Customer relationships	$	1,500
Net other assets	10,915
Total fair value of net assets acquired	$	12,415

Project 2000

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration, net of cash acquired	$	16,618
Contingent consideration	1,322
Total fair value of consideration given	$	17,940
Customer relationships	$	9,696
Other identifiable intangible assets	6,141
Net other liabilities	(3,482		)
Total fair value of net assets acquired	$	12,355
Goodwill (not tax deductible)	$	5,585

Highwater

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	10,000
Customer relationships	$	8,100
Net tangible assets	1,307
Total fair value of net assets acquired	$	9,407
Goodwill (tax deductible)	$	593

Signature Seating

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	16,000
Contingent consideration	3,556
Total fair value of consideration given	$	19,556
Customer relationships	$	7,500
Net other assets	4,023
Total fair value of net assets acquired	$	11,523
Goodwill (tax deductible)	$	8,033

Spectal Industries, Inc.

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	22,335
Contingent consideration	1,211
Total fair value of consideration given	$	23,546
Customer relationships	$	10,100
Net other assets	4,381
Total fair value of net assets acquired	$	14,481
Goodwill (tax deductible)	$	9,065

EA Technologies, LLC

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	9,248
Identifiable intangible assets	$	480
Net tangible assets	8,868
Total fair value of net assets acquired	$	9,348
Gain on bargain purchase	$	100

Flair Interiors

Business Acquisition

Schedule of Business Acquisitions

The acquisition of this business was recorded on the acquisition date as follows (in thousands):

Cash consideration	$	8,100
Customer relationships	$	3,700
Net other assets	2,378
Total fair value of net assets acquired	$	6,078
Goodwill (tax deductible)	$	2,022

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