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Goodwill and Other Intangibles (Tables)
9 Months Ended
Sep. 30, 2024
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 nine months ended September 30, 2024 was as follows:

 

 

Automotive

 

 

Medical

 

 

Total

 

Balance as of December 31, 2023

 

$

76,696

 

 

$

27,377

 

 

$

104,073

 

Currency translation and other

 

 

567

 

 

 

199

 

 

 

766

 

Balance as of September 30, 2024

 

$

77,263

 

 

$

27,576

 

 

$

104,839

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

Other intangible assets and accumulated amortization balances as of September 30, 2024 and December 31, 2023 were as follows:

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net Carrying
Value

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

114,113

 

 

$

(75,432

)

 

$

 

 

$

38,681

 

 

$

115,465

 

 

$

(73,737

)

 

$

41,728

 

Technology

 

 

46,254

 

 

 

(31,424

)

 

 

 

 

 

14,830

 

 

 

45,861

 

 

 

(29,317

)

 

 

16,544

 

Product development costs

 

 

19,646

 

 

 

(19,485

)

 

 

 

 

 

161

 

 

 

19,434

 

 

 

(19,270

)

 

 

164

 

Software development

 

 

1,007

 

 

 

(151

)

 

 

 

 

 

856

 

 

 

1,007

 

 

 

 

 

 

1,007

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

7,069

 

 

 

 

 

 

(530

)

 

 

6,539

 

 

 

7,039

 

 

 

 

 

 

7,039

 

Total

 

$

188,089

 

 

$

(126,492

)

 

$

(530

)

 

$

61,067

 

 

$

188,806

 

 

$

(122,324

)

 

$

66,482