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Acquisitions, Goodwill And Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2021
Acquisitions, Goodwill And Other Intangible Assets [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired | $ | 50,534 |
Effective settlement of receivable | 34,956 |
Discounted value of fixed deferred consideration | 61,191 |
Total fair value of consideration given | $ | 146,681 |
Identifiable intangible assets | $ | 95,000 |
Other assets acquired and liabilities assumed, net | 5,811 |
Tax liabilities | (28,704) |
Total fair value of net assets acquired | $ | 72,107 |
Goodwill (not tax deductible) | $ | 74,574 |
The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired | $ | 29,383 |
Customer relationships | $ | 10,000 |
Other identifiable intangible assets | 2,500 |
Net tangible assets | 564 |
Total fair value of net assets acquired | $ | 13,064 |
Goodwill (not tax deductible) | $ | 16,319 |
The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired | $ | 56,857 |
Contingent consideration | 3,000 |
Total fair value of consideration given | $ | 59,857 |
Customer relationships | $ | 24,200 |
Other identifiable intangible assets | 9,100 |
Net tangible assets | 16,923 |
Total fair value of net assets acquired | $ | 50,223 |
Goodwill (tax deductible) | $ | 9,634 |
Schedule of Goodwill | Goodwill by reportable segment was as follows:
(In thousands) | OEM Segment |  | Aftermarket Segment |  | Total
Net balance – December 31, 2020 | $ | 305,953 |  |  | $ | 148,775 |  |  | $ | 454,728 |
Acquisitions – 2021 | 74,059 |  |  | 35,194 |  |  | 109,253 |
Measurement period adjustments | 9,456 |  |  | (23) |  |  | 9,433 |
Foreign currency translation | (4,539) |  |  | 10 |  |  | (4,529) |
Net balance – September 30, 2021 | $ | 384,929 |  |  | $ | 183,956 |  |  | $ | 568,885 |
Schedule of Other Intangible Assets | Other intangible assets consisted of the following at September 30, 2021:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years
Customer relationships | $ | 450,736 |  |  | $ | 118,405 |  |  | $ | 332,331 |  |  | 6 | to | 17
Patents | 109,195 |  |  | 51,517 |  |  | 57,678 |  |  | 3 | to | 20
Trade names (finite life) | 125,012 |  |  | 16,284 |  |  | 108,728 |  |  | 3 | to | 20
Trade names (indefinite life) | 7,600 |  |  | — |  |  | 7,600 |  |  | Indefinite
Non-compete agreements | 12,064 |  |  | 4,890 |  |  | 7,174 |  |  | 3 | to | 6
Other | 309 |  |  | 207 |  |  | 102 |  |  | 2 | to | 12
Purchased research and development | 4,687 |  |  | — |  |  | 4,687 |  |  | Indefinite
Other intangible assets | $ | 709,603 |  |  | $ | 191,303 |  |  | $ | 518,300 |  |  |  |  |
Other intangible assets consisted of the following at December 31, 2020:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years
Customer relationships | $ | 398,613 |  |  | $ | 95,443 |  |  | $ | 303,170 |  |  | 6 | to | 17
Patents | 92,128 |  |  | 47,090 |  |  | 45,038 |  |  | 3 | to | 20
Trade names (finite life) | 69,686 |  |  | 11,272 |  |  | 58,414 |  |  | 3 | to | 20
Trade names (indefinite life) | 7,600 |  |  | — |  |  | 7,600 |  |  | Indefinite
Non-compete agreements | 6,478 |  |  | 4,617 |  |  | 1,861 |  |  | 3 | to | 6
Other | 309 |  |  | 194 |  |  | 115 |  |  | 2 | to | 12
Purchased research and development | 4,687 |  |  | — |  |  | 4,687 |  |  | Indefinite
Other intangible assets | $ | 579,501 |  |  | $ | 158,616 |  |  | $ | 420,885 |  |  |  |  |

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- Definition Schedule of finite and indefinite-lived intangible assets + References No definition available. + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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