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Acquisitions, Goodwill And Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Acquisitions, Goodwill And Other Intangible Assets [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired$337,640  
Assets Acquired
Accounts receivable$28,611  
Inventories88,765  
Fixed assets24,036  
Customer relationship112,000  
Tradename and other identifiable intangible assets37,705  
Operating lease right-of-use assets27,925  
Other tangible assets4,060  
Liabilities Assumed
Accounts payable(18,577) 
Current portion of operating lease obligations(5,360) 
Accrued expenses and other current liabilities(10,002) 
Operating lease obligations(22,565) 
Deferred taxes(31,877) 
Total fair value of net assets acquired$234,721  
Goodwill (not tax deductible)$102,919  
The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration$40,000  
Holdback payment5,000  
Total value of consideration given$45,000  
Customer relationship and other identifiable intangible assets$7,030  
Net tangible assets520  
Total fair value of net assets acquired$7,550  
Goodwill (tax deductible)$37,450  
The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired$43,224  
Customer relationship and other identifiable intangible assets$19,579  
Net tangible assets3,287  
Total fair value of net assets acquired$22,866  
Goodwill (not tax deductible)$20,358  
Summary of Pro Forma Information The unaudited pro forma information combines the reported results of the Company and CURT but does not reflect any operating efficiencies, cost savings, financing costs, step-up of assets, or other accounting related adjustments resulting from the acquisition.
(unaudited)
Year Ended December 31,
(In thousands, except per share amounts)20192018
Net sales$2,639,761  $2,735,378  
Net income$144,878  $147,878  
Basic net income per common share$5.80  $5.87  
Diluted net income per common share$5.77  $5.81  
Schedule of Goodwill
Changes in the carrying amount of goodwill by reportable segment were as follows:
(In thousands)OEM SegmentAftermarket SegmentTotal
Net balance – December 31, 2017$109,641  $14,542  $124,183  
Acquisitions – 201850,698  5,369  56,067  
Other(82) —  (82) 
Net balance – December 31, 2018160,257  19,911  180,168  
Acquisitions – 201957,245  115,178  172,423  
Other(1,882) 405  (1,477) 
Net balance – December 31, 2019$215,620  $135,494  $351,114  
Schedule of Finite-Lived Intangible Assets
Other intangible assets, by segment, at December 31 were as follows:
(In thousands)20192018
OEM Segment$164,047  $159,803  
Aftermarket Segment177,379  16,539  
Other intangible assets$341,426  $176,342  

Other intangible assets consisted of the following at December 31, 2019:
(In thousands)Gross
Cost		Accumulated
Amortization		Net
Balance		Estimated Useful
Life in Years
Customer relationships$319,934  $69,008  $250,926  6to17
Patents76,206  44,611  31,595  3to19
Trade names (finite life)50,917  7,086  43,831  3to20
Trade names (indefinite life)7,600  —  7,600  Indefinite
Non-compete agreements7,598  4,947  2,651  3to6
Other309  173  136  2to12
Purchased research and development4,687  —  4,687  Indefinite
Other intangible assets$467,251  $125,825  $341,426  
Schedule of Finite-Lived Intangible Assets
Other intangible assets consisted of the following at December 31, 2018:
(In thousands)Gross
Cost		Accumulated
Amortization		Net
Balance		Estimated Useful
Life in Years
Customer relationships$191,919  $54,889  $137,030  6to16
Patents58,787  40,079  18,708  3to19
Trade names (finite life)10,885  5,507  5,378  3to15
Trade names (indefinite life)7,600  —  7,600  Indefinite
Non-compete agreements6,919  4,148  2,771  3to6
Other309  141  168  2to12
Purchased research and development4,687  —  4,687  Indefinite
Other intangible assets$281,106  $104,764  $176,342  
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets, by segment, at December 31 were as follows:
(In thousands)20192018
OEM Segment$164,047  $159,803  
Aftermarket Segment177,379  16,539  
Other intangible assets$341,426  $176,342  

Other intangible assets consisted of the following at December 31, 2019:
(In thousands)Gross
Cost		Accumulated
Amortization		Net
Balance		Estimated Useful
Life in Years
Customer relationships$319,934  $69,008  $250,926  6to17
Patents76,206  44,611  31,595  3to19
Trade names (finite life)50,917  7,086  43,831  3to20
Trade names (indefinite life)7,600  —  7,600  Indefinite
Non-compete agreements7,598  4,947  2,651  3to6
Other309  173  136  2to12
Purchased research and development4,687  —  4,687  Indefinite
Other intangible assets$467,251  $125,825  $341,426  
Schedule of Indefinite-lived Intangible Assets
Other intangible assets consisted of the following at December 31, 2018:
(In thousands)Gross
Cost		Accumulated
Amortization		Net
Balance		Estimated Useful
Life in Years
Customer relationships$191,919  $54,889  $137,030  6to16
Patents58,787  40,079  18,708  3to19
Trade names (finite life)10,885  5,507  5,378  3to15
Trade names (indefinite life)7,600  —  7,600  Indefinite
Non-compete agreements6,919  4,148  2,771  3to6
Other309  141  168  2to12
Purchased research and development4,687  —  4,687  Indefinite
Other intangible assets$281,106  $104,764  $176,342  
Schedule of Estimated Amortization Expense Amortization expense related to other intangible assets was as follows for the years ended December 31:
(In thousands)201920182017
Cost of sales$5,200  $5,350  $5,631  
Selling, general and administrative expense18,558  15,912  13,942  
Amortization expense$23,758  $21,262  $19,573  

Estimated amortization expense for other intangible assets for the next five years is as follows:
(In thousands)20202021202220232024
Cost of sales$4,469  $4,393  $4,180  $3,321  $2,566  
Selling, general and administrative expense28,887  28,372  28,227  27,484  27,038  
Amortization expense$33,356  $32,765  $32,407  $30,805  $29,604