Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill included the following:

(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Consolidated
Balance at December 31, 2022	$	—	$	—	$	—	$	443,035
Measurement period adjustments	—		—		—		233
Foreign currency translation	—		—		—		621
Reporting unit reorganization	313,704		57,876		72,309		—
Balance at December 31, 2023	313,704		57,876		72,309		443,889
Goodwill acquired	—		—		1,167		1,167
Foreign currency translation	—		(2,170)		—		(2,170)
Balance at December 31, 2024	$	313,704	$	55,706	$	73,476	$	442,886

Schedule of Intangible Assets

Intangible assets, subject to amortization, included the following:

		December 31,
		2024						2023
Intangible assets subject to amortization	Weighted Average Amortization Period (years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
(dollars in thousands)
Customer relationships	15.4	$	173,430	$	41,358	$	132,072	$	175,430	$	31,678	$	143,752
Trade names	14.1	67,690		14,999		52,691		67,690		10,676		57,014
Product Portfolio	13.7	107,800		16,522		91,278		107,800		9,720		98,080
Technology	3.8	2,167		1,318		849		2,167		1,069		1,098
Patents and Other	7.3	2,350		1,027		1,323		2,230		618		1,612
Total		$	353,437	$	75,224	$	278,213	$	355,317	$	53,761	$	301,556

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense for intangible assets as of December 31, 2024 is summarized as follows:

(in thousands)
2025	$	21,649
2026	20,492
2027	20,081
2028	19,856
2029	19,770
Thereafter	176,365
Total	$	278,213