v3.26.1
Acquisitions, Goodwill And Other Intangible Assets
6 Months Ended
Jun. 30, 2026
Acquisitions, Goodwill And Other Intangible Assets [Abstract]  
Acquisitions, Goodwill And Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:
(In thousands)OEM SegmentAftermarket SegmentTotal
Net balance – December 31, 2025$447,971 $174,212 $622,183 
Purchase accounting adjustments(34)(28)(62)
Foreign currency translation(2,711)(285)(2,996)
Net balance – June 30, 2026
$445,226 $173,899 $619,125 
Goodwill represents the excess of the total consideration given in an acquisition of a business over the fair value of the net tangible and identifiable intangible assets acquired. Goodwill is not amortized, but instead is tested at the reporting unit level for impairment annually in November, or more frequently if certain circumstances indicate a possible impairment may exist.

Other Intangible Assets

Other intangible assets consisted of the following at June 30, 2026:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$540,292 $275,123 $265,169 6to20
Patents81,991 51,383 30,608 3to20
Trade names (finite life)108,492 39,185 69,307 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements3,384 3,252 132 3to6
Other459 238 221 2to12
Other intangible assets$742,050 $369,181 $372,869 
Other intangible assets consisted of the following at December 31, 2025:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$553,520 $267,043 $286,477 6to20
Patents95,119 60,163 34,956 3to20
Trade names (finite life)109,327 36,040 73,287 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements4,183 4,005 178 3to6
Other458 220 238 2to12
Other intangible assets$770,039 $367,471 $402,568 
Acquisitions, Goodwill And Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:
(In thousands)OEM SegmentAftermarket SegmentTotal
Net balance – December 31, 2025$447,971 $174,212 $622,183 
Purchase accounting adjustments(34)(28)(62)
Foreign currency translation(2,711)(285)(2,996)
Net balance – June 30, 2026
$445,226 $173,899 $619,125 
Goodwill represents the excess of the total consideration given in an acquisition of a business over the fair value of the net tangible and identifiable intangible assets acquired. Goodwill is not amortized, but instead is tested at the reporting unit level for impairment annually in November, or more frequently if certain circumstances indicate a possible impairment may exist.

Other Intangible Assets

Other intangible assets consisted of the following at June 30, 2026:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$540,292 $275,123 $265,169 6to20
Patents81,991 51,383 30,608 3to20
Trade names (finite life)108,492 39,185 69,307 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements3,384 3,252 132 3to6
Other459 238 221 2to12
Other intangible assets$742,050 $369,181 $372,869 
Other intangible assets consisted of the following at December 31, 2025:
(In thousands)Gross
Cost
Accumulated
Amortization
Net
Balance
Estimated Useful
Life in Years
Customer relationships$553,520 $267,043 $286,477 6to20
Patents95,119 60,163 34,956 3to20
Trade names (finite life)109,327 36,040 73,287 3to20
Trade names (indefinite life)7,432 — 7,432 Indefinite
Non-compete agreements4,183 4,005 178 3to6
Other458 220 238 2to12
Other intangible assets$770,039 $367,471 $402,568