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Acquisitions, Goodwill And Other Intangible Assets (Tables)

12 Months Ended

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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