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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows (dollars in thousands):


 

 
Specialty
 


Packaging
 
Aerospace
 
Products
 
Total
Balance, December 31, 2017
$
166,400

 
$
146,430

 
$
6,560

 
$
319,390

Foreign currency translation and other
(2,740
)
 

 

 
(2,740
)
Balance, December 31, 2018
$
163,660

 
$
146,430

 
$
6,560

 
$
316,650

Goodwill from acquisitions
18,400

 

 

 
18,400

Goodwill reassigned in segment realignment

 
(12,740
)
 
12,740

 

Foreign currency translation and other
(410
)
 

 

 
(410
)
Balance, December 31, 2019
$
181,650

 
$
133,690

 
$
19,300

 
$
334,640


Schedule of Intangible Assets (excluding Goodwill) by Major Class
The gross carrying amounts and accumulated amortization of the Company's other intangibles as of December 31, 2019 and 2018 are summarized below (dollars in thousands):
 
 
As of December 31, 2019
 
As of December 31, 2018
Intangible Category by Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
Customer relationships, 5 - 12 years
 
$
73,860

 
$
(49,910
)
 
$
66,370

 
$
(42,580
)
Customer relationships, 15 - 25 years
 
122,280

 
(56,010
)
 
122,280

 
(49,560
)
Total customer relationships
 
196,140

 
(105,920
)
 
188,650

 
(92,140
)
Technology and other, 1 - 15 years
 
52,430

 
(29,790
)
 
52,420

 
(27,010
)
Technology and other, 17 - 30 years
 
43,300

 
(37,620
)
 
43,300

 
(35,600
)
Total technology and other
 
95,730

 
(67,410
)
 
95,720

 
(62,610
)
Indefinite-lived intangible assets:
 

 

 

 

Trademark/Trade names
 
42,850

 

 
38,270

 

Total other intangible assets
 
$
334,720

 
$
(173,330
)
 
$
322,640

 
$
(154,750
)

Schedule of Finite-Lived Intangible Assets, Amortization Expense
Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows (dollars in thousands):
 
 
Year ended December 31,
 
 
2019
 
2018
 
2017
Technology and other, included in cost of sales
 
$
4,780

 
$
4,890

 
$
5,140

Customer relationships, included in selling, general and administrative expenses
 
13,850

 
13,370

 
13,400

Total amortization expense
 
$
18,630

 
$
18,260

 
$
18,540


Schedule of Expected Amortization Expense [Table Text Block]
Estimated amortization expense for the next five fiscal years beginning after December 31, 2019 is as follows (dollars in thousands):
Year ended December 31,
Estimated Amortization Expense
2020
 
$
18,280

2021
 
$
16,310

2022
 
$
12,760

2023
 
$
10,860

2024
 
$
9,360