Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7 — Goodwill and Other Intangibles

Goodwill

Changes in the carrying amount of goodwill, by reportable segment, for the years ended December 31, 2021 and 2020 were as follows:

	Automotive			Medical			Total
December 31, 2019	$	36,938		$	27,634		$	64,572
Exchange rate impact		2,557			895			3,452
Balance as of December 31, 2020	$	39,495		$	28,529		$	68,024
Acquisition of B&E		—			976			976
Exchange rate impact		(2,166	)		(801	)		(2,967	)
Balance as of December 31, 2021	$	37,329		$	28,704		$	66,033

Other Intangible Assets

Other intangible assets and accumulated amortization balances as of December 31, 2021 and 2020 were as follows:

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Definite-lived:
Customer relationships	$	90,448	$	(64,105	)	$	26,343
Technology		29,464		(24,487	)		4,977
Product development costs		20,329		(19,772	)		557
Software development		1,007		—			1,007
Indefinite-lived:
Tradenames		4,670		—			4,670
Balance as of December 31, 2021	$	145,918	$	(108,364	)	$	37,554

	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

In connection with the acquisition of B&E, the Company recorded technology of $976. These definite-lived assets are being amortized using the straight-line method over their estimated useful lives of approximately seven years.

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.

On June 19, 2020, Gentherm sold patents from a non-core business for $2,055. The gain on sale of $1,978 was recorded in Other income in the consolidated statements of income.

A total of $8,821, $9,226 and $10,068 in other intangible assets were amortized in 2021, 2020 and 2019, respectively.

An estimate of other intangible asset amortization by year, is as follows:

2022	$	7,929
2023	$	4,752
2024	$	3,692
2025	$	3,678
2026	$	3,261