XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Goodwill The following presents changes to goodwill for the periods indicated:

 

Balance at December 31, 2019

 

$

297,607

 

Drake acquisition

 

 

7,551

 

Simpson acquisition

 

 

51,305

 

Detroit Speed acquisition

 

 

2,636

 

Balance at December 31, 2020

 

 

359,099

 

AEM acquisition

 

 

17,426

 

Classic Instruments acquisition

 

 

4,912

 

Speartech acquisition

 

 

2,705

 

ADS acquisition

 

 

1,260

 

Baer acquisition

 

 

8,363

 

Brothers acquisition

 

 

19,561

 

Rocket acquisition

 

 

2,141

 

Measurement period adjustments*

 

 

(4,084

)

Balance at December 31, 2021

 

$

411,383

 

Summary Of Intangible Assets

Intangible assets consisted of the following:

 

 

 

December 31, 2021

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

268,438

 

 

$

(32,662

)

 

$

235,776

 

Tradenames

 

 

13,775

 

 

 

(4,119

)

 

 

9,656

 

Technology

 

 

26,675

 

 

 

(9,080

)

 

 

17,595

 

Total finite-lived intangible assets

 

$

308,888

 

 

$

(45,861

)

 

$

263,027

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Tradenames

 

$

175,434

 

 

 

 

 

$

175,434

 

 

 

 

December 31, 2020

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

245,274

 

 

$

(21,819

)

 

$

223,455

 

Tradenames

 

 

13,775

 

 

 

(3,369

)

 

 

10,406

 

Technology

 

 

24,595

 

 

 

(6,674

)

 

 

17,921

 

Total finite-lived intangible assets

 

$

283,644

 

 

$

(31,862

)

 

$

251,782

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Tradenames

 

$

152,740

 

 

 

 

 

$

152,740

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following outlines the estimated future amortization expense related to intangible assets held as of December 31, 2021:

 

2022

 

$

14,644

 

2023

 

 

14,481

 

2024

 

 

13,668

 

2025

 

 

13,638

 

2026

 

 

13,532

 

Thereafter

 

 

193,064

 

Total

 

$

263,027