XML 45 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Estimated Useful Lives of Property and Equipment Depreciation is computed using the straight-line method. The estimated useful lives of the Company’s Property and equipment are as follows:

Asset Category

 

Useful Life

Buildings and improvements

 

1 to 30 years

Plant and equipment

 

10 years

Production tooling

 

2 to 10 years

Leasehold improvements

 

Term of lease

Information technology

 

1 to 5 years

 

Fair Value and Corresponding Useful Lives for Acquired Intangibles Assets

Amortization of other intangible assets is computed using the straight-line method. The fair value and corresponding useful lives for acquired intangible assets are listed below as follows:

Asset Category

 

Useful Life

Customer relationships

 

8 to 15 years

Technology

 

5 to 10 years

Product development costs

 

5 to 10 years

Trade names

 

Indefinite