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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Allowance for Doubtful Accounts

The reconciliation of the beginning and ending amount of the allowance for doubtful accounts is as follows:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Balance at beginning of year

 

$

1,399

 

 

$

1,161

 

 

$

1,193

 

Charged to costs and expenses

 

 

1,088

 

 

 

1,066

 

 

 

1,298

 

Other activity

 

 

-

 

 

 

(12

)

 

 

33

 

Deductions from reserves

 

 

(1,267

)

 

 

(816

)

 

 

(1,363

)

Balance at end of year

 

$

1,220

 

 

$

1,399

 

 

$

1,161

 

Estimated Useful Lives of Property and Equipment Depreciation is computed using the straight-line method. The estimated useful lives of the Company’s Property and equipment are as follows:

Asset Category

 

Useful Life

Buildings and improvements

 

1 to 30 years

Plant and equipment

 

10 years

Production tooling

 

2 to 10 years

Leasehold improvements

 

Term of lease

Information technology

 

1 to 5 years

Fair Value and Corresponding Useful Lives for Acquired Intangibles Assets

Amortization of other intangible assets is computed using the straight-line method. The fair value and corresponding useful lives for acquired intangible assets are listed below as follows:

Asset Category

 

Useful Life

Customer relationships

 

8 to 15 years

Technology

 

5 to 12 years

Product development costs

 

5 to 10 years

Trade names

 

Indefinite

Software development costs

 

4 to 5 years