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Goodwill and Other Intangibles (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2024 and 2023 were 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 and other

 

 

3,627

 

 

 

181

 

 

 

3,808

 

Balance as of December 31, 2023

 

$

76,696

 

 

$

27,377

 

 

$

104,073

 

Currency translation and other

 

 

(3,942

)

 

 

(528

)

 

 

(4,470

)

Balance as of December 31, 2024

 

$

72,754

 

 

$

26,849

 

 

$

99,603

 
Summary of Other Intangible Assets and Accumulated Amortization Balances

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

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

109,608

 

 

$

(67,787

)

 

$

(5,477

)

 

$

36,344

 

Technology

 

 

43,458

 

 

 

(29,976

)

 

 

(24

)

 

 

13,458

 

Product development costs

 

 

18,019

 

 

 

(17,849

)

 

 

—

 

 

 

170

 

Software development

 

 

1,007

 

 

 

(201

)

 

 

—

 

 

 

806

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

7,003

 

 

 

—

 

 

 

(530

)

 

 

6,473

 

Balance as of December 31, 2024

 

$

179,095

 

 

$

(115,813

)

 

$

(6,031

)

 

$

57,251

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

115,465

 

 

$

(67,923

)

 

$

(5,814

)

 

$

41,728

 

Technology

 

 

45,861

 

 

 

(29,292

)

 

 

(25

)

 

 

16,544

 

Product development costs

 

 

19,434

 

 

 

(19,270

)

 

 

—

 

 

 

164

 

Software development

 

 

1,007

 

 

 

—

 

 

 

—

 

 

 

1,007

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

7,039

 

 

 

—

 

 

 

—

 

 

 

7,039

 

Balance as of December 31, 2023

 

$

188,806

 

 

$

(116,485

)

 

$

(5,839

)

 

$

66,482

 
Summary of Estimate of Future Amortization of Other Intangible Assets

An estimate of future amortization of other intangible assets, is as follows:

2025

 

$

6,860

 

2026

 

 

6,424

 

2027

 

 

6,337

 

2028

 

 

6,276

 

2029

 

 

5,598