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Goodwill and Other Intangibles | 3 Months Ended
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Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Note 5 – Goodwill and Other Intangibles Goodwill Changes in the carrying amount of goodwill, by reportable segment, for the three months ended March 31, 2021 was as follows:
|  | Automotive |  |  | Medical |  |  | Total |
'Balance as of December 31, 2020 |  | $ | 39,495 |  |  | $ | 28,529 |  |  | $ | 68,024 |
Exchange rate impact |  |  | (1,285 | ) |  |  | (450 | ) |  |  | (1,735 | )
Balance as of March 31, 2021 |  | $ | 38,210 |  |  | $ | 28,079 |  |  | $ | 66,289 |
Other Intangible Assets Other intangible assets and accumulated amortization balances as of March 31, 2021 and December 31, 2020 were as follows:
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 93,444 |  |  | $ | (61,816 | ) |  | $ | 31,628 |
Technology |  |  | 29,378 |  |  |  | (23,565 | ) |  |  | 5,813 |
Product development costs |  |  | 21,032 |  |  |  | (20,284 | ) |  |  | 748 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 4,670 |  |  |  | — |  |  |  | 4,670 |
Balance as of March 31, 2021 |  | $ | 148,524 |  |  | $ | (105,665 | ) |  | $ | 42,859 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 97,815 |  |  | $ | (63,432 | ) |  | $ | 34,383 |
Technology |  |  | 30,615 |  |  |  | (24,075 | ) |  |  | 6,540 |
Product development costs |  |  | 22,164 |  |  |  | (21,336 | ) |  |  | 828 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 4,670 |  |  |  | — |  |  |  | 4,670 |
Balance as of December 31, 2020 |  | $ | 155,264 |  |  | $ | (108,843 | ) |  | $ | 46,421 |
On February 28, 2020, Gentherm acquired the automotive patents and technology of a development-stage technology company for $3,141. The investment was accounted for as an asset acquisition of defensive intangible assets and will be amortized over six years. In addition to annual impairment testing, which is performed in the fourth quarter of each fiscal year, the Company continuously monitors for events and circumstances that could negatively impact the key assumptions used in determining fair value and therefore require interim impairment testing, including long-term revenue growth projections, profitability, discount rates, recent market valuations from transactions by comparable companies, volatility in the Company's market capitalization, and general industry, market and macroeconomic conditions. We are not presently aware of any events or circumstances that would require us to revise the carrying value of our assets or liabilities as of March 31, 2021.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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