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Goodwill and Other Intangibles (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2020 is as follows:

 

 

Automotive

 

 

Industrial

 

 

Total

 

Balance as of December 31, 2019

 

$

36,938

 

 

$

27,634

 

 

$

64,572

 

Exchange rate impact

 

 

1,255

 

 

 

439

 

 

 

1,694

 

Balance as of September 30, 2020

 

$

38,193

 

 

$

28,073

 

 

$

66,266

 

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

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

 

 

Gross

Carrying Value

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

93,431

 

 

$

(58,565

)

 

$

34,866

 

Technology

 

 

29,409

 

 

 

(22,445

)

 

 

6,964

 

Product development costs

 

 

20,956

 

 

 

(20,027

)

 

 

929

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

4,670

 

 

 

 

 

 

4,670

 

Balance as of September 30, 2020

 

$

148,466

 

 

$

(101,037

)

 

$

47,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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