Acquisitions, Goodwill And Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2025

Acquisitions, Goodwill And Other Intangible Assets [Abstract]

Schedule of Business Acquisitions, by Acquisition

The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands):

Cash consideration	$	68,608
Debt assumed	10,000
Total consideration	$	78,608
Customer relationships	$	25,900
Other identifiable intangible assets	8,700
Net tangible assets	25,251
Total fair value of net assets acquired	$	59,851
Goodwill (tax deductible)	$	18,757

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, 2024	$	418,220	$	167,553	$	585,773
Acquisitions	20,427		—		20,427
Foreign currency translation	11,219		1,479		12,698
Net balance – June 30, 2025	$	449,866	$	169,032	$	618,898

Schedule of Other Intangible Assets

Other intangible assets consisted of the following at June 30, 2025:

(In thousands)	Gross Cost		Accumulated Amortization		Net Balance		Estimated Useful Life in Years
Customer relationships	$	549,255	$	246,938	$	302,317	6	to	20
Patents	99,420		61,457		37,963		3	to	20
Trade names (finite life)	107,332		32,563		74,769		3	to	20
Trade names (indefinite life)	7,432		—		7,432		Indefinite
Non-compete agreements	5,154		4,854		300		3	to	6
Other	609		353		256		2	to	12
Other intangible assets	$	769,202	$	346,165	$	423,037

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

(In thousands)	Gross Cost		Accumulated Amortization		Net Balance		Estimated Useful Life in Years
Customer relationships	$	508,945	$	228,332	$	280,613	6	to	20
Patents	111,934		74,010		37,924		3	to	20
Trade names (finite life)	95,879		30,524		65,355		3	to	20
Trade names (indefinite life)	7,432		—		7,432		Indefinite
Non-compete agreements	5,154		4,732		422		3	to	6
Other	609		337		272		2	to	12
Other intangible assets	$	729,953	$	337,935	$	392,018