XML 22 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

Goodwill and Other Intangibles | 3 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Note 5 – Goodwill and Other Intangibles Goodwill Changes in the carrying amount of goodwill, by reportable segment, for the three months ended March 31, 2025 was as follows:
|  | Automotive |  |  | Medical |  |  | Total |
Balance as of December 31, 2024 |  | $ | 72,754 |  |  | $ | 26,849 |  |  | $ | 99,603 |
Currency translation |  |  | 2,554 |  |  |  | 274 |  |  |  | 2,828 |
Balance as of March 31, 2025 |  | $ | 75,308 |  |  | $ | 27,123 |  |  | $ | 102,431 |
The accumulated impairment losses of goodwill for Automotive and Medical was $0 and $19,509, respectively as of March 31, 2025. Other Intangible Assets Other intangible assets and accumulated amortization balances as of March 31, 2025 and December 31, 2024 were as follows:
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Accumulated Impairment |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 113,107 |  |  | $ | (71,993 | ) |  | $ | (5,477 | ) |  | $ | 35,637 |
Technology |  |  | 44,989 |  |  |  | (31,721 | ) |  |  | (24 | ) |  |  | 13,244 |
Product development costs |  |  | 18,937 |  |  |  | (18,768 | ) |  |  | — |  |  |  | 169 |
Software development |  |  | 1,007 |  |  |  | (252 | ) |  |  | — |  |  |  | 755 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 7,013 |  |  |  | — |  |  |  | (530 | ) |  |  | 6,483 |
Balance as of March 31, 2025 |  | $ | 185,053 |  |  | $ | (122,734 | ) |  | $ | (6,031 | ) |  | $ | 56,288 |
|  | 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 |
In addition to annual impairment testing of goodwill and indefinite-lived intangibles, 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 would 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. During the three months ended March 31, 2024, we recorded a non-cash impairment charge of $530 for one of our tradenames within the Medical segment. There was no impairment recorded during the three months ended March 31, 2025.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration