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Goodwill and Other Intangibles | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Note 6 – Goodwill and Other Intangibles Goodwill Changes in the carrying amount of goodwill, by reportable segment, for the nine months ended September 30, 2022 was as follows:
|  | Automotive |  |  | Medical |  |  | Total |
Balance as of December 31, 2021 |  | $ | 37,329 |  |  | $ | 28,704 |  |  | $ | 66,033 |
Exchange rate impact |  |  | (4,825 | ) |  |  | (2,608 | ) |  |  | (7,433 | )
Acquisition of Alfmeier |  |  | 43,678 |  |  |  | — |  |  |  | 43,678 |
Acquisition of Dacheng |  |  | — |  |  |  | 22,995 |  |  |  | 22,995 |
Balance as of September 30, 2022 |  | $ | 76,182 |  |  | $ | 49,091 |  |  | $ | 125,273 |
Other Intangible Assets Other intangible assets and accumulated amortization balances as of September 30, 2022 and December 31, 2021 were as follows:
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 99,318 |  |  | $ | (57,718 | ) |  | $ | 41,600 |  |  | $ | 90,448 |  |  | $ | (64,105 | ) |  | $ | 26,343 |
Technology |  |  | 36,640 |  |  |  | (22,502 | ) |  |  | 14,138 |  |  |  | 29,464 |  |  |  | (24,487 | ) |  |  | 4,977 |
Product development costs |  |  | 21,250 |  |  |  | (16,390 | ) |  |  | 4,860 |  |  |  | 20,329 |  |  |  | (19,772 | ) |  |  | 557 |
Software development |  |  | 1,007 |  |  |  | — |  |  |  | 1,007 |  |  |  | 1,007 |  |  |  | — |  |  |  | 1,007 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 7,034 |  |  |  | — |  |  |  | 7,034 |  |  |  | 4,670 |  |  |  | — |  |  |  | 4,670 |
Total |  | $ | 165,249 |  |  | $ | (96,610 | ) |  | $ | 68,639 |  |  | $ | 145,918 |  |  | $ | (108,364 | ) |  | $ | 37,554 |
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 September 30, 2022.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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