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Goodwill and Other Intangibles (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in the Carrying Amount of Goodwill, By Operating Segment

A summary of changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30, 2020 is as follows:

 

 

Automotive

 

 

Industrial

 

 

Total

 

Balance as of December 31, 2019

 

$

36,938

 

 

$

27,634

 

 

$

64,572

 

Exchange rate impact

 

 

42

 

 

 

15

 

 

 

57

 

Balance as of June 30, 2020

 

$

36,980

 

 

$

27,649

 

 

$

64,629

 

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

Other intangible assets and accumulated amortization balances as of June 30, 2020 and December 31, 2019 were as follows:

 

 

Gross

Carrying Value

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

89,352

 

 

$

(54,045

)

 

$

35,307

 

Technology

 

 

28,286

 

 

 

(20,919

)

 

 

7,367

 

Product development costs

 

 

19,859

 

 

 

(18,804

)

 

 

1,055

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

4,670

 

 

 

 

 

 

4,670

 

Balance as of June 30, 2020

 

$

142,167

 

 

$

(93,768

)

 

$

48,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

Carrying Value

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

89,208

 

 

$

(50,687

)

 

$

38,521

 

Technology

 

 

25,106

 

 

 

(19,866

)

 

 

5,240

 

Product development costs

 

 

19,911

 

 

 

(18,559

)

 

 

1,352

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

4,670

 

 

 

 

 

 

4,670

 

Balance as of December 31, 2019

 

$

138,895

 

 

$

(89,112

)

 

$

49,783