Goodwill and Intangible Assets

3 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

Goodwill included the following:

(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Consolidated
Balance at December 31, 2024	$	313,704	$	55,706	$	73,476	$	442,886
Measurement period adjustment	—		—		154		154
Foreign currency translation	—		113		—		113
Balance at March 29, 2025	$	313,704	$	55,819	$	73,630	$	443,153

Intangible Assets

Intangible assets included the following:

	March 29, 2025						December 31, 2024
Intangible assets subject to amortization	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
(in thousands)
Customer relationships	$	173,430	$	43,862	$	129,568	$	173,430	$	41,358	$	132,072
Trade names	67,690		16,062		51,628		67,690		14,999		52,691
Product portfolio	107,800		18,194		89,606		107,800		16,522		91,278
Technology	2,167		1,380		787		2,167		1,318		849
Patents and other	2,350		1,128		1,222		2,350		1,027		1,323
Total	$	353,437	$	80,626	$	272,811	$	353,437	$	75,224	$	278,213

Amortization expense was $5.5 million and $5.6 million during the three months ended March 29, 2025, and March 30, 2024, respectively.