| Goodwill and Other Intangibles |
Note 5 – Goodwill and Other Intangibles Goodwill Changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2025 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive |
|
|
Medical |
|
|
Total |
|
Balance as of December 31, 2024 |
|
$ |
72,754 |
|
|
$ |
26,849 |
|
|
$ |
99,603 |
|
Currency translation |
|
|
8,456 |
|
|
|
832 |
|
|
|
9,288 |
|
Balance as of June 30, 2025 |
|
$ |
81,210 |
|
|
$ |
27,681 |
|
|
$ |
108,891 |
|
The accumulated impairment losses of goodwill for Automotive and Medical were $0 and $19,509, respectively, as of June 30, 2025. Other Intangible Assets Other intangible assets and accumulated amortization balances as of June 30, 2025 and December 31, 2024 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Carrying
Value |
|
Definite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
121,071 |
|
|
$ |
(80,329 |
) |
|
$ |
(5,477 |
) |
|
$ |
35,265 |
|
Technology |
|
|
48,499 |
|
|
|
(35,028 |
) |
|
|
(24 |
) |
|
|
13,447 |
|
Product development costs |
|
|
20,059 |
|
|
|
(19,891 |
) |
|
|
— |
|
|
|
168 |
|
Software development |
|
|
1,007 |
|
|
|
(302 |
) |
|
|
— |
|
|
|
705 |
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Tradenames |
|
|
7,021 |
|
|
|
— |
|
|
|
(530 |
) |
|
|
6,491 |
|
Balance as of June 30, 2025 |
|
$ |
197,657 |
|
|
$ |
(135,550 |
) |
|
$ |
(6,031 |
) |
|
$ |
56,076 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Carrying
Value |
|
Definite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
109,608 |
|
|
$ |
(67,787 |
) |
|
$ |
(5,477 |
) |
|
$ |
36,344 |
|
Technology |
|
|
43,458 |
|
|
|
(29,976 |
) |
|
|
(24 |
) |
|
|
13,458 |
|
Product development costs |
|
|
18,019 |
|
|
|
(17,849 |
) |
|
|
— |
|
|
|
170 |
|
Software development |
|
|
1,007 |
|
|
|
(201 |
) |
|
|
— |
|
|
|
806 |
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Tradenames |
|
|
7,003 |
|
|
|
— |
|
|
|
(530 |
) |
|
|
6,473 |
|
Balance as of December 31, 2024 |
|
$ |
179,095 |
|
|
$ |
(115,813 |
) |
|
$ |
(6,031 |
) |
|
$ |
57,251 |
|
|