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Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2024
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 three months ended March 31, 2024 was as follows:

 

 

Automotive

 

 

Medical

 

 

Total

 

Balance as of December 31, 2023

 

$

76,696

 

 

$

27,377

 

 

$

104,073

 

Currency translation and other

 

 

(1,543

)

 

 

(336

)

 

 

(1,879

)

Balance as of March 31, 2024

 

$

75,153

 

 

$

27,041

 

 

$

102,194

 

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

Other intangible assets and accumulated amortization balances as of March 31, 2024 and December 31, 2023 were as follows:

 

 

March 31, 2024

 

 

December 31, 2023

 

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net Carrying
Value

 

 

Gross
Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

112,931

 

 

$

(72,958

)

 

$

 

 

$

39,973

 

 

$

115,465

 

 

$

(73,737

)

 

$

41,728

 

Technology

 

 

44,871

 

 

 

(29,268

)

 

 

 

 

 

15,603

 

 

 

45,861

 

 

 

(29,317

)

 

 

16,544

 

Product development costs

 

 

18,868

 

 

 

(18,705

)

 

 

 

 

 

163

 

 

 

19,434

 

 

 

(19,270

)

 

 

164

 

Software development

 

 

1,007

 

 

 

(50

)

 

 

 

 

 

957

 

 

 

1,007

 

 

 

 

 

 

1,007

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

6,999

 

 

 

 

 

 

(530

)

 

 

6,469

 

 

 

7,039

 

 

 

 

 

 

7,039

 

Total

 

$

184,676

 

 

$

(120,981

)

 

$

(530

)

 

$

63,165

 

 

$

188,806

 

 

$

(122,324

)

 

$

66,482