| 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, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive |
|
|
Medical |
|
|
Total |
|
Balance as of December 31, 2025 |
|
$ |
81,031 |
|
|
$ |
27,887 |
|
|
$ |
108,918 |
|
Currency translation |
|
|
(2,008 |
) |
|
|
201 |
|
|
|
(1,807 |
) |
Balance as of June 30, 2026 |
|
$ |
79,023 |
|
|
$ |
28,088 |
|
|
$ |
107,111 |
|
The accumulated impairment losses of goodwill for Automotive and Medical were $0 and $19,509, respectively, as of June 30, 2026. Other Intangible Assets Other intangible assets and accumulated amortization balances as of June 30, 2026 and December 31, 2025 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Carrying
Value |
|
Definite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
119,515 |
|
|
$ |
(81,820 |
) |
|
$ |
(6,185 |
) |
|
$ |
31,510 |
|
Technology |
|
|
47,433 |
|
|
|
(36,420 |
) |
|
|
(27 |
) |
|
|
10,986 |
|
Product development costs |
|
|
19,274 |
|
|
|
(19,110 |
) |
|
|
(71 |
) |
|
|
93 |
|
Software development |
|
|
1,007 |
|
|
|
(503 |
) |
|
|
— |
|
|
|
504 |
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
7,140 |
|
|
|
— |
|
|
|
(530 |
) |
|
|
6,610 |
|
Balance as of June 30, 2026 |
|
$ |
194,369 |
|
|
$ |
(137,853 |
) |
|
$ |
(6,813 |
) |
|
$ |
49,703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
Carrying Value |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Carrying
Value |
|
Definite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
121,316 |
|
|
$ |
(81,785 |
) |
|
$ |
(6,185 |
) |
|
$ |
33,346 |
|
Technology |
|
|
48,478 |
|
|
|
(36,238 |
) |
|
|
(27 |
) |
|
|
12,213 |
|
Product development costs |
|
|
19,943 |
|
|
|
(19,774 |
) |
|
|
(71 |
) |
|
|
98 |
|
Software development |
|
|
1,007 |
|
|
|
(403 |
) |
|
|
— |
|
|
|
604 |
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
7,065 |
|
|
|
— |
|
|
|
(530 |
) |
|
|
6,535 |
|
Balance as of December 31, 2025 |
|
$ |
197,809 |
|
|
$ |
(138,200 |
) |
|
$ |
(6,813 |
) |
|
$ |
52,796 |
|
|