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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Value of Goodwill by Operating Segment | Changes in the carrying values of goodwill by reporting unit during the years ended December 31, 2024 and 2023 are as follows (in thousands):
| Vehicle Control |  | Temperature Control |  | Engineered Solutions |  | Nissens Automotive |  | Total
Balance as of December 31, 2022: |  |  |  |  |  |  |  |  |
Goodwill | $ | 129,008 |  |  | $ | 11,474 |  |  | $ | 30,093 |  |  | $ | — |  |  | $ | 170,575 |
Accumulated impairment losses | (38,488) |  |  | — |  |  | — |  |  | — |  |  | (38,488) |
| 90,520 |  |  | 11,474 |  |  | 30,093 |  |  | — |  |  | 132,087 |
Activity in 2023 |  |  |  |  |  |  |  |  |
Step acquisition of Gwo Yng | — |  |  | 1,214 |  |  | 994 |  |  | — |  |  | 2,208 |
Foreign currency translation | 286 |  |  | 42 |  |  | 106 |  |  | — |  |  | 434 |
Balance as of December 31, 2023: |  |  |  |  |  |  |  |  |
Goodwill | 129,294 |  |  | 12,730 |  |  | 31,193 |  |  | — |  |  | 173,217 |
Accumulated impairment losses | (38,488) |  |  | — |  |  | — |  |  | — |  |  | (38,488) |
| $ | 90,806 |  |  | $ | 12,730 |  |  | $ | 31,193 |  |  | $ | — |  |  | $ | 134,729 |
Activity in 2024 |  |  |  |  |  |  |  |  |
Acquisition of Nissens Automotive | — |  |  | — |  |  | — |  |  | 112,194 |  |  | 112,194 |
Foreign currency translation | (384) |  |  | (62) |  |  | (144) |  |  | (4,915) |  |  | (5,505) |
Balance as of December 31, 2024: |  |  |  |  |  |  |  |  |
Goodwill | $ | 128,910 |  |  | $ | 12,668 |  |  | $ | 31,049 |  |  | $ | 107,279 |  |  | $ | 279,906 |
Accumulated impairment losses | (38,488) |  |  | — |  |  | — |  |  | — |  |  | (38,488) |
| $ | 90,422 |  |  | $ | 12,668 |  |  | $ | 31,049 |  |  | $ | 107,279 |  |  | $ | 241,418 |
Schedule of Acquired Identifiable Intangible Assets | Acquired identifiable intangible assets as of December 31, 2024 and 2023 consist of (in thousands):
| December 31,
| 2024 |  | 2023
Customer relationships | 303,547 |  |  | 159,641 |
Patents, developed technology and intellectual property | 14,123 |  |  | 14,123 |
Trademarks and trade names | 82,220 |  |  | 8,880 |
Non-compete agreements | 3,308 |  |  | 3,295 |
Supply agreements | 800 |  |  | 800 |
Leaseholds | 160 |  |  | 160 |
Total acquired intangible assets | $ | 404,158 |  |  | $ | 186,899 |
Less accumulated amortization(a) | (106,304) |  |  | (95,681) |
Net acquired intangible assets | $ | 297,854 |  |  | $ | 91,218 |
(a) Applies to all intangible assets, except for trademarks/trade names totaling $74.9 million, which have indefinite useful lives and, as such, are not being amortized.
Schedule of Estimated Amortization Expenses in Future Period Based on the Current Estimated Useful Lives | The following table summarizes the amortization expense on our intangible assets and the estimated amortization expenses in future periods based on the current estimated useful lives assigned to our intangible assets (in thousands):
|  | Amortization Expense(a)
2025 |  | 17,500 |
2026 |  | 17,500 |
2027 |  | 17,500 |
2028 |  | 17,500 |
2029-2041 |  | 153,000 |
(a) Estimated amortization expenses based on the current estimated useful lives assigned to our intangible assets

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