Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Other Intangible Assets [Abstract]

Carrying Value of Goodwill by Operating Segment

Changes in the carrying values of goodwill by operating segment during the years ended December 31, 2023 and 2022 are as follows (in thousands):

	Vehicle Control			Temperature Control		Engineered Solutions			Total
Balance as of December 31, 2021:
Goodwill	$	129,318		$	10,839	$	29,983		$	170,140
Accumulated impairment losses		(38,488	)		—		—			(38,488	)
	$	90,830		$	10,839	$	29,983		$	131,652
Activity in 2022
Acquisition of Kade		—			582		184			766
Foreign currency exchange rate change		(310	)		53		(74	)		(331	)
Balance as of December 31, 2022:
Goodwill		129,008			11,474		30,093			170,575
Accumulated impairment losses		(38,488	)		—		—			(38,488	)
	$	90,520		$	11,474	$	30,093		$	132,087
Activity in 2023
Step acquisition of Gwo Yng		—			1,214		994			2,208
Foreign currency exchange rate change		286			42		106			434
Balance as of December 31, 2023:
Goodwill		129,294			12,730		31,193			173,217
Accumulated impairment losses		(38,488	)		—		—			(38,488	)
	$	90,806		$	12,730	$	31,193		$	134,729

Acquired Identifiable Intangible Assets

Acquired identifiable intangible assets as of December 31, 2023 and 2022 consist of:

	December 31,
	2023			2022
	(In thousands)
Customer relationships	$	159,641		$	158,717
Patents, developed technology and intellectual property		14,123			14,123
Trademarks and trade names		8,880			8,880
Non-compete agreements		3,295			3,282
Supply agreements		800			800
Leaseholds		160			160
Total acquired intangible assets		186,899			185,962
Less accumulated amortization (1)		(95,681	)		(86,945	)
Net acquired intangible assets	$	91,218		$	99,017

(3) Applies to all intangible assets, except for a related trademark/trade name totaling $2.6 million, which has an indefinite useful life and, as such, is not being amortized.