Acquisitions, Goodwill And Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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
Acquisitions	1,709		—		1,709
Foreign currency translation	1,823		800		2,623
Net balance – September 30, 2024	$	425,233	$	168,649	$	593,882

Schedule of Other Intangible Assets

Other intangible assets consisted of the following at September 30, 2024:

(In thousands)	Gross Cost		Accumulated Amortization		Net Balance		Estimated Useful Life in Years
Customer relationships	$	513,628	$	218,930	$	294,698	6	to	20
Patents	114,248		72,384		41,864		3	to	20
Trade names (finite life)	99,849		31,796		68,053		3	to	20
Trade names (indefinite life)	7,432		—		7,432		Indefinite
Non-compete agreements	5,904		5,417		487		3	to	6
Other	609		325		284		2	to	12
Other intangible assets	$	741,670	$	328,852	$	412,818

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