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Goodwill and Other Intangibles (Tables)
6 Months Ended
Jun. 30, 2022
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 six months ended June 30, 2022 was as follows:

 

 

Automotive

 

 

Medical

 

 

Total

 

Balance as of December 31, 2021

 

$

37,329

 

 

$

28,704

 

 

$

66,033

 

Exchange rate impact

 

 

(2,240

)

 

 

(858

)

 

 

(3,098

)

Balance as of June 30, 2022

 

$

35,089

 

 

$

27,846

 

 

$

62,935

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

Other intangible assets and accumulated amortization balances as of June 30, 2022 and December 31, 2021 were as follows:

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

82,828

 

 

$

(60,761

)

 

$

22,067

 

 

$

90,448

 

 

$

(64,105

)

 

$

26,343

 

Technology

 

 

27,236

 

 

 

(23,411

)

 

 

3,825

 

 

 

29,464

 

 

 

(24,487

)

 

 

4,977

 

Product development costs

 

 

18,243

 

 

 

(17,844

)

 

 

399

 

 

 

20,329

 

 

 

(19,772

)

 

 

557

 

Software development

 

 

1,007

 

 

 

 

 

 

1,007

 

 

 

1,007

 

 

 

 

 

 

1,007

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

4,670

 

 

 

 

 

 

4,670

 

 

 

4,670

 

 

 

 

 

 

4,670

 

Total

 

$

133,984

 

 

$

(102,016

)

 

$

31,968

 

 

$

145,918

 

 

$

(108,364

)

 

$

37,554