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Acquisitions, Goodwill And Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
Acquisitions, Goodwill And Other Intangible Assets [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands):
Cash consideration | $ | 50,000 |
Fixed deferred consideration | 20,000 |
Total fair value of consideration given | $ | 70,000 |
Identifiable intangible assets | $ | 35,000 |
Other assets acquired and liabilities assumed, net | 14,802 |
Total fair value of net assets acquired | $ | 49,802 |
Goodwill (tax deductible) | $ | 20,198 |
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, 2021 | $ | 379,463 |  |  | $ | 163,717 |  |  | $ | 543,180 |
Acquisitions – 2022 | 16,966 |  |  | 3,232 |  |  | 20,198 |
Measurement period adjustments | 538 |  |  | 62 |  |  | 600 |
Foreign currency translation | (1,737) |  |  | (203) |  |  | (1,940) |
Net balance – March 31, 2022 | $ | 395,230 |  |  | $ | 166,808 |  |  | $ | 562,038 |
Schedule of Other Intangible Assets | Other intangible assets consisted of the following at March 31, 2022:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years
Customer relationships | $ | 501,482 |  |  | $ | 136,343 |  |  | $ | 365,139 |  |  | 6 | to | 17
Patents | 131,232 |  |  | 55,461 |  |  | 75,771 |  |  | 3 | to | 20
Trade names (finite life) | 96,980 |  |  | 16,732 |  |  | 80,248 |  |  | 3 | to | 20
Trade names (indefinite life) | 7,600 |  |  | — |  |  | 7,600 |  |  | Indefinite
Non-compete agreements | 11,464 |  |  | 5,997 |  |  | 5,467 |  |  | 3 | to | 6
Other | 309 |  |  | 217 |  |  | 92 |  |  | 2 | to | 12
Purchased research and development | 4,687 |  |  | — |  |  | 4,687 |  |  | Indefinite
Other intangible assets | $ | 753,754 |  |  | $ | 214,750 |  |  | $ | 539,004 |  |  |  |  |
Other intangible assets consisted of the following at December 31, 2021:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years
Customer relationships | $ | 487,853 |  |  | $ | 127,048 |  |  | $ | 360,805 |  |  | 6 | to | 17
Patents | 116,725 |  |  | 53,479 |  |  | 63,246 |  |  | 3 | to | 20
Trade names (finite life) | 93,994 |  |  | 16,497 |  |  | 77,497 |  |  | 3 | to | 20
Trade names (indefinite life) | 7,600 |  |  | — |  |  | 7,600 |  |  | Indefinite
Non-compete agreements | 11,464 |  |  | 5,439 |  |  | 6,025 |  |  | 3 | to | 6
Other | 309 |  |  | 212 |  |  | 97 |  |  | 2 | to | 12
Purchased research and development | 4,687 |  |  | — |  |  | 4,687 |  |  | Indefinite
Other intangible assets | $ | 722,632 |  |  | $ | 202,675 |  |  | $ | 519,957 |  |  |  |  |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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