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Goodwill and Other Intangibles (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in the Carrying Amount of Goodwill, By Reportable Segment

Changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2023 was as follows:

 

 

Automotive

 

 

Medical

 

 

Total

 

Balance as of December 31, 2022

 

$

73,069

 

 

$

46,705

 

 

$

119,774

 

Impairment of goodwill

 

 

—

 

 

 

(19,509

)

 

 

(19,509

)

Currency translation

 

 

759

 

 

 

(139

)

 

 

620

 

Balance as of June 30, 2023

 

$

73,828

 

 

$

27,057

 

 

$

100,885

 
Summary of Other Intangible Assets and Accumulated Amortization Balances

Other intangible assets and accumulated amortization balances as of June 30, 2023 and December 31, 2022 were as follows:

 

 

June 30, 2023

 

 

December 31, 2022

 

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

113,792

 

 

$

(70,591

)

 

$

43,201

 

 

$

112,286

 

 

$

(65,748

)

 

$

46,538

 

Technology

 

 

45,296

 

 

 

(27,563

)

 

 

17,733

 

 

 

44,745

 

 

 

(25,709

)

 

 

19,036

 

Product development costs

 

 

19,134

 

 

 

(18,968

)

 

 

166

 

 

 

18,774

 

 

 

(18,456

)

 

 

318

 

Software development

 

 

1,007

 

 

 

—

 

 

 

1,007

 

 

 

1,007

 

 

 

—

 

 

 

1,007

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

6,989

 

 

 

—

 

 

 

6,989

 

 

 

7,034

 

 

 

—

 

 

 

7,034

 

Total

 

$

186,218

 

 

$

(117,122

)

 

$

69,096

 

 

$

183,846

 

 

$

(109,913

)

 

$

73,933