Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Other Intangible Assets [Abstract]

Carrying Value of Goodwill by Operating Segment

Changes in the carrying values of goodwill by operating segment during the years ended December 31, 2021 and 2020 are as follows (in thousands):

	Engine Management			Temperature Control		Total
Balance as of December 31, 2019:
Goodwill	$	102,020		$	14,270	$	116,290
Accumulated impairment losses		(38,488	)		—		(38,488	)
	$	63,532		$	14,270	$	77,802
Activity in 2020
Foreign currency exchange rate change		35			—		35
Balance as of December 31, 2020:
Goodwill		102,055			14,270		116,325
Accumulated impairment losses		(38,488	)		—		(38,488	)
	$	63,567		$	14,270	$	77,837
Activity in 2021
Acquisition of Trombetta		49,250			—		49,250
Acquisition of Stabil		4,827			—		4,827
Foreign currency exchange rate change		(262	)		—		(262	)
Balance as of December 31, 2021:
Goodwill		155,870			14,270		170,140
Accumulated impairment losses		(38,488	)		—		(38,488	)
	$	117,382		$	14,270	$	131,652

Acquired Identifiable Intangible Assets

Acquired identifiable intangible assets as of December 31, 2021 and 2020 consist of:

	December 31,
	2021			2020
	(In thousands)
Customer relationships	$	157,020		$	111,701
Patents, developed technology and intellectual property		14,123			723
Trademarks and trade names		8,880			6,980
Non-compete agreements		3,280			3,272
Supply agreements		800			800
Leaseholds		160			160
Total acquired intangible assets		184,263			123,636
Less accumulated amortization (1)		(78,932	)		(70,221	)
Net acquired intangible assets	$	105,331		$	53,415

(1)

Applies to all intangible assets, except for a related trademark/trade name totaling $2.6 million, which has an indefinite useful life and, as such, is not being amortized.