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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

14.

GOODWILL AND INTANGIBLE ASSETS

The following table sets forth information with respect to goodwill and other intangible assets:

 

 

December 31

 

In thousands

 

2018

 

 

 

 

2017

 

Goodwill

 

 

 

 

 

 

 

 

Composite Fibers

$

79,024

 

 

 

$

82,744

 

Advanced Airlaid Materials

 

74,439

 

 

 

 

 

Total Goodwill

 

153,463

 

 

 

 

82,744

 

 

 

 

 

 

 

 

 

 

Other Intangible Assets

 

 

 

 

 

 

 

 

Composite Fibers

 

 

 

 

 

 

 

 

Tradename - nonamortizing

 

4,556

 

 

 

 

4,773

 

Technology and related

 

38,813

 

 

 

 

40,686

 

Customer relationships and related

 

35,029

 

 

 

 

36,705

 

Advanced Airlaid Materials

 

 

 

 

 

 

 

 

Tradename

 

4,534

 

 

 

 

 

Technology and related

 

18,014

 

 

 

 

1,488

 

Customer relationships and related

 

24,853

 

 

 

 

3,001

 

Total intangibles

 

125,799

 

 

 

 

86,653

 

Accumulated amortization

 

(32,185

)

 

 

 

(27,794

)

Net intangibles

$

93,614

 

 

 

$

58,859

 

 

The change in the gross value of goodwill and intangible assets was primarily due to additional amounts recorded in connection with the Steinfurt acquisition and due to currency translation adjustments. Other than goodwill and an indefinite-lived tradename, intangible assets are amortized on a straight-line basis. Customer relationships are amortized over periods ranging from 10 years to 14 years and technology and related intangible assets are amortized over periods ranging from 14 years to 20 years. The following table sets forth information pertaining to amortization of intangible assets:

 

In thousands

 

 

2018

 

 

 

 

2017

 

 

 

 

2016

 

Aggregate amortization

   expense:

 

$

5,860

 

 

 

$

4,773

 

 

 

$

4,852

 

Estimated amortization

   expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

8,416

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

8,289

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

7,887

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

7,767

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

7,767

 

 

 

 

 

 

 

 

 

 

 

 

The remaining weighted average useful life of intangible assets was 11.4 years at December 31, 2018.