XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Acquisitions, Goodwill And Other Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Acquisitions, Goodwill And Other Intangible Assets [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands):
Cash consideration | $ | 50,664 |
Fixed deferred consideration | 20,000 |
Total fair value of consideration given | $ | 70,664 |
Identifiable intangible assets | $ | 43,520 |
Other assets acquired and liabilities assumed, net | 14,442 |
Total fair value of net assets acquired | $ | 57,962 |
Goodwill (tax deductible) | $ | 12,702 |
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 | 11,460 |  |  | 2,032 |  |  | 13,492 |
Measurement period adjustments | 11,830 |  |  | 1,457 |  |  | 13,287 |
Foreign currency translation | (16,218) |  |  | (2,126) |  |  | (18,344) |
Net balance – September 30, 2022 | $ | 386,535 |  |  | $ | 165,080 |  |  | $ | 551,615 |
Schedule of Other Intangible Assets | Other intangible assets consisted of the following at September 30, 2022:
(In thousands) | Gross Cost |  | Accumulated Amortization |  | Net Balance |  | Estimated Useful Life in Years
Customer relationships | $ | 500,432 |  |  | $ | 154,075 |  |  | $ | 346,357 |  |  | 6 | to | 17
Patents | 118,484 |  |  | 60,402 |  |  | 58,082 |  |  | 3 | to | 20
Trade names (finite life) | 92,312 |  |  | 19,628 |  |  | 72,684 |  |  | 3 | to | 20
Trade names (indefinite life) | 7,600 |  |  | — |  |  | 7,600 |  |  | Indefinite
Non-compete agreements | 11,584 |  |  | 7,131 |  |  | 4,453 |  |  | 3 | to | 6
Other | 609 |  |  | 230 |  |  | 379 |  |  | 2 | to | 12
Other intangible assets | $ | 731,021 |  |  | $ | 241,466 |  |  | $ | 489,555 |  |  |  |  |
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 |  |  |  |  |

X
- Definition Acquisitions Goodwill And Other Intangible Assets Abstract + References No definition available. + Details
Name: | lcii_AcquisitionsGoodwillAndOtherIntangibleAssetsAbstract
Namespace Prefix: | lcii_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of finite and indefinite-lived intangible assets + References No definition available. + Details
Name: | lcii_ScheduleofIntangibleAssetsTableTextBlock
Namespace Prefix: | lcii_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration