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Business Acquisitions and Investments (Tables) | 6 Months Ended
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Jun. 30, 2024
Foshan GWO YNG SMP Vehicle Climate Control & Cooling Products Co Ltd [Member] |
Business Acquisition [Line Items] |
Allocation of Purchase Price, Assets Acquired And Liabilities Assumed | The following table summarizes the allocation of the total step acquisition purchase consideration to the identifiable assets acquired and liabilities assumed based on their fair values (in thousands):
Total purchase consideration (a) |  |  |  |  | $ | 21,725 |
Assets acquired and liabilities assumed: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,779 |  |  |  |  |
Receivables |  |  | 5,912 |  |  |  |  |
Inventory |  |  | 5,945 |  |  |  |  |
Other current assets |  |  | 528 |  |  |  |  |
Property, plant and equipment, net |  |  | 2,924 |  |  |  |  |
Operating lease right-of-use assets |  |  | 4,372 |  |  |  |  |
Intangible assets (b) |  |  | 532 |  |  |  |  |
Goodwill |  |  | 2,208 |  |  |  |  |
Long term investments and other assets |  |  | 7,257 |  |  |  |  |
Current liabilities |  |  | (6,004 | ) |  |  |  |
Noncurrent operating lease liabilities |  |  | (3,455 | ) |  |  |  |
Subtotal |  |  |  |  |  |  | 26,998 |
Fair value of acquired noncontrolling interest |  |  |  |  |  |  | (5,273 | )
Total purchase consideration allocated to net assets acquired |  |  |  |  |  | $ | 21,725 |
| (a) | Total purchase consideration is the sum of the fair value of the previously held equity investment interest in Gwo Yng of $17.7 million and the cash paid of $4 million for the acquisition of the additional 15% equity ownership interest.
| (b) | Intangible assets consists of customer relationships of $0.4 million and capitalized software of $0.1 million.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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