Acquisitions, Goodwill And Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Acquisitions, Goodwill And Other Intangible Assets [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:

(In thousands)	OEM Segment		Aftermarket Segment		Total
Net balance – December 31, 2023	$	421,701	$	167,849	$	589,550
Foreign currency translation	(1,575)		(184)		(1,759)
Net balance – March 31, 2024	$	420,126	$	167,665	$	587,791

Schedule of Other Intangible Assets

Other intangible assets consisted of the following at March 31, 2024:

(In thousands)	Gross Cost		Accumulated Amortization		Net Balance		Estimated Useful Life in Years
Customer relationships	$	508,140	$	199,501	$	308,639	6	to	20
Patents	114,459		69,815		44,644		3	to	20
Trade names (finite life)	99,136		28,587		70,549		3	to	20
Trade names (indefinite life)	7,432		—		7,432		Indefinite
Non-compete agreements	10,104		8,948		1,156		3	to	6
Other	609		301		308		2	to	12
Other intangible assets	$	739,880	$	307,152	$	432,728

Other intangible assets consisted of the following at December 31, 2023:

(In thousands)	Gross Cost		Accumulated Amortization		Net Balance		Estimated Useful Life in Years
Customer relationships	$	509,505	$	189,967	$	319,538	6	to	20
Patents	114,864		67,602		47,262		3	to	20
Trade names (finite life)	99,366		26,978		72,388		3	to	20
Trade names (indefinite life)	7,600		—		7,600		Indefinite
Non-compete agreements	10,104		8,453		1,651		3	to	6
Other	609		289		320		2	to	12
Other intangible assets	$	742,048	$	293,289	$	448,759