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Acquisitions, Goodwill And Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Acquisitions, Goodwill And Other Intangible Assets [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill by reportable segment were as follows:
(In thousands)OEM SegmentAftermarket SegmentTotal
Net balance – December 31, 2022$399,736 $167,327 $567,063 
Acquisitions and divestitures14,025 — 14,025 
Measurement period adjustments5,708 160 5,868 
Foreign currency translation2,232 362 2,594 
Net balance – December 31, 2023421,701 167,849 589,550 
Acquisitions1,709 — 1,709 
Foreign currency translation(5,190)(296)(5,486)
Net balance – December 31, 2024$418,220 $167,553 $585,773 
Schedule of Finite-Lived Intangible Assets
Other intangible assets, by segment, at December 31 were as follows:
(In thousands)20242023
OEM Segment$235,403 $276,622 
Aftermarket Segment156,615 172,137 
Other intangible assets$392,018 $448,759 
Other intangible assets consisted of the following at December 31, 2024:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$508,945 $228,332 $280,613 6to20
Patents111,934 74,010 37,924 3to20
Trade names (finite life)95,879 30,524 65,355 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements5,154 4,732 422 3to6
Other609 337 272 2to12
Other intangible assets$729,953 $337,935 $392,018 
Schedule of Finite-Lived Intangible Assets
Other intangible assets consisted of the following at December 31, 2023:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$509,505 $189,967 $319,538 6to20
Patents114,864 67,602 47,262 3to20
Trade names (finite life)99,366 26,978 72,388 3to20
Trade names (indefinite life)7,600 — 7,600 Indefinite
Non-compete agreements10,104 8,453 1,651 3to6
Other609 289 320 2to12
Other intangible assets$742,048 $293,289 $448,759 
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets, by segment, at December 31 were as follows:
(In thousands)20242023
OEM Segment$235,403 $276,622 
Aftermarket Segment156,615 172,137 
Other intangible assets$392,018 $448,759 
Other intangible assets consisted of the following at December 31, 2024:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$508,945 $228,332 $280,613 6to20
Patents111,934 74,010 37,924 3to20
Trade names (finite life)95,879 30,524 65,355 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements5,154 4,732 422 3to6
Other609 337 272 2to12
Other intangible assets$729,953 $337,935 $392,018 
Schedule of Indefinite-lived Intangible Assets
Other intangible assets consisted of the following at December 31, 2023:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$509,505 $189,967 $319,538 6to20
Patents114,864 67,602 47,262 3to20
Trade names (finite life)99,366 26,978 72,388 3to20
Trade names (indefinite life)7,600 — 7,600 Indefinite
Non-compete agreements10,104 8,453 1,651 3to6
Other609 289 320 2to12
Other intangible assets$742,048 $293,289 $448,759 
Schedule of Estimated Amortization Expense
Amortization expense related to other intangible assets was as follows for the years ended December 31:
(In thousands)202420232022
Cost of sales$8,915 $9,910 $10,155 
Selling, general and administrative expense46,385 47,165 46,218 
Amortization expense$55,300 $57,075 $56,373 
Estimated amortization expense for other intangible assets for the next five years is as follows:
(In thousands)20252026202720282029
Cost of sales$7,997 $6,779 $6,046 $5,995 $5,049 
Selling, general and administrative expense43,184 41,279 40,219 37,064 35,967 
Amortization expense$51,181 $48,058 $46,265 $43,059 $41,016