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Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2020
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 years ended December 31, 2020 and 2019 were as follows:

 

 

 

 

Automotive

 

 

Medical

 

 

Total

 

December 31, 2018

 

$

37,533

 

 

$

17,778

 

 

$

55,311

 

Stihler acquisition

 

 

 

 

 

9,816

 

 

 

9,816

 

Exchange rate impact

 

 

(595

)

 

 

40

 

 

 

(555

)

Balance as of December 31, 2019

 

$

36,938

 

 

$

27,634

 

 

$

64,572

 

Exchange rate impact

 

 

2,557

 

 

 

895

 

 

 

3,452

 

Balance as of December 31, 2020

 

$

39,495

 

 

$

28,529

 

 

$

68,024

 

 

Summary of Other Intangible Assets and Accumulated Amortization Balances

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

 

 

Gross

Carrying Value

 

 

Accumulated

Amortization

 

 

Net Carrying

Value

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

97,815

 

 

$

(63,432

)

 

$

34,383

 

Technology

 

 

30,615

 

 

 

(24,075

)

 

 

6,540

 

Product development costs

 

 

22,164

 

 

 

(21,336

)

 

 

828

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

4,670

 

 

 

 

 

 

4,670

 

Balance as of December 31, 2020

 

$

155,264

 

 

$

(108,843

)

 

$

46,421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Summary of Estimate of Other Intangible Asset Amortization

An estimate of other intangible asset amortization by year, is as follows:

2021

 

$

8,316

 

2022

 

 

7,803

 

2023

 

 

4,385

 

2024

 

 

3,245

 

2025

 

 

3,229