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Acquisitions, Goodwill And Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Acquisition |
Schedule of Goodwill | Changes in the carrying amount of goodwill by reportable segment were as follows:
(In thousands) | OEM Segment |  | Aftermarket Segment |  | Total
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
Acquisitions – 2018 | 50,698 |  | 5,369 |  | 56,067
Other | (82) |  | — |  | (82)
Net balance – December 31, 2018 | $ | 160,257 |  | $ | 19,911 |  | $ | 180,168
Schedule of Finite-Lived Intangible Assets | Other intangible assets, by segment, at December 31 were as follows:
(In thousands) | 2018 |  | 2017
OEM Segment | $ | 159,803 |  | $ | 116,648
Aftermarket Segment | 16,539 |  | 13,484
Other intangible assets | $ | 176,342 |  | $ | 130,132
Other intangible assets consisted of the following at December 31, 2018:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years |  |
Customer relationships | $ | 191,919 |  | $ | 54,889 |  | $ | 137,030 |  | 6 | to | 16
Patents | 58,787 |  | 40,079 |  | 18,708 |  | 3 | to | 19
Trade names (finite life) | 10,885 |  | 5,507 |  | 5,378 |  | 3 | to | 15
Trade names (indefinite life) | 7,600 |  | — |  | 7,600 |  | Indefinite |  |
Non-compete agreements | 6,919 |  | 4,148 |  | 2,771 |  | 3 | to | 6
Other | 309 |  | 141 |  | 168 |  | 2 | to | 12
Purchased research and development | 4,687 |  | — |  | 4,687 |  | Indefinite |  |
Other intangible assets | $ | 281,106 |  | $ | 104,764 |  | $ | 176,342 |  |  |  |
Schedule of Finite-Lived Intangible Assets | 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 |  |  |  |
Schedule of Indefinite-Lived Intangible Assets | Other intangible assets, by segment, at December 31 were as follows:
(In thousands) | 2018 |  | 2017
OEM Segment | $ | 159,803 |  | $ | 116,648
Aftermarket Segment | 16,539 |  | 13,484
Other intangible assets | $ | 176,342 |  | $ | 130,132
Other intangible assets consisted of the following at December 31, 2018:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years |  |
Customer relationships | $ | 191,919 |  | $ | 54,889 |  | $ | 137,030 |  | 6 | to | 16
Patents | 58,787 |  | 40,079 |  | 18,708 |  | 3 | to | 19
Trade names (finite life) | 10,885 |  | 5,507 |  | 5,378 |  | 3 | to | 15
Trade names (indefinite life) | 7,600 |  | — |  | 7,600 |  | Indefinite |  |
Non-compete agreements | 6,919 |  | 4,148 |  | 2,771 |  | 3 | to | 6
Other | 309 |  | 141 |  | 168 |  | 2 | to | 12
Purchased research and development | 4,687 |  | — |  | 4,687 |  | Indefinite |  |
Other intangible assets | $ | 281,106 |  | $ | 104,764 |  | $ | 176,342 |  |  |  |
Schedule of Indefinite-lived Intangible Assets | 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 |  |  |  |
Schedule of Estimated Amortization Expense | Amortization expense related to other intangible assets was as follows for the years ended December 31:
(In thousands) | 2018 |  | 2017 |  | 2016
Cost of sales | $ | 5,350 |  | $ | 5,631 |  | $ | 5,967
Selling, general and administrative | 15,912 |  | 13,942 |  | 11,791
Amortization expense | $ | 21,262 |  | $ | 19,573 |  | $ | 17,758
Estimated amortization expense for other intangible assets for the next five years is as follows:
(In thousands) | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023
Cost of sales | $ | 4,600 |  | $ | 3,200 |  | $ | 2,300 |  | $ | 1,700 |  | $ | 1,300
Selling, general and administrative | 17,000 |  | 16,000 |  | 15,400 |  | 15,000 |  | 14,300
Amortization expense | $ | 21,600 |  | $ | 19,200 |  | $ | 17,700 |  | $ | 16,700 |  | $ | 15,600
Smoker Craft |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration | $ | 28,091
Customer relationship and other identifiable intangible assets | $ | 18,540
Net tangible assets | 1,357
Total fair value of net assets acquired | $ | 19,897
Goodwill (tax deductible) | $ | 8,194
STLA |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired | $ | 14,845
Customer relationships and other identifiable intangible assets | $ | 7,000
Net tangible assets | 296
Total fair value of net assets acquired | $ | 7,296
Goodwill (not tax deductible) | $ | 7,549
Hehr |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The allocation of the purchase price was as follows (in thousands):
Cash consideration | $ | 51,460
Customer relationships and other identifiable intangible assets | $ | 21,500
Net tangible assets | 11,990
Total fair value of net assets acquired | $ | 33,490
Goodwill (tax deductible) | $ | 17,970
Taylor Made |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The results of the acquired business have been included primarily in the Company’s OEM Segment and in the Consolidated Statements of Income since the acquisition date. The allocation of the purchase price was as follows (in thousands):
Cash consideration, net of cash acquired | $ | 90,396
Customer relationships | $ | 10,900
Trade name | 7,600
Other identifiable intangible assets | 4,200
Net tangible assets | 45,342
Total fair value of net assets acquired | $ | 68,042
Goodwill (tax deductible) | $ | 22,354
Metallarte S.r.l. |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was 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 | $ | 7,311
Other identifiable intangible assets | 1,942
Net other liabilities | (327)
Total fair value of net assets acquired | $ | 8,926
Goodwill (not tax deductible) | $ | 6,941
Lexington |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was 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 Recognized Identified Assets Acquired and Liabilities Assumed | 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 | 3,838
Total fair value of consideration given | $ | 10,340
Identifiable intangible assets | $ | 2,286
Net tangible assets | 364
Total fair value of net assets acquired | $ | 2,650
Goodwill (not tax deductible) | $ | 7,690
Atwood |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | 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 Recognized Identified Assets Acquired and Liabilities Assumed |
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
Flair Interiors |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | 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
Highwater |
Business Acquisition |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was recorded on the acquisition date as follows (in thousands):
Cash consideration | $ | 10,000
Customer relationship | $ | 8,100
Net tangible assets | 1,307
Total fair value of net assets acquired | $ | 9,407
Goodwill (tax deductible) | $ | 593

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