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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The Company assesses goodwill and other intangible assets for impairment on an annual basis as of October 1, and more frequently if there are changes in the business climate or as a result of a triggering event taking place. The Company considered the current and potential future market and economic impacts that may result from the COVID-19 pandemic, including its impact on the Company's reporting units, and also assessed the change in its market capitalization during the first and second quarter of 2020. Based on this review, and after consideration of the historical excess in fair value over carrying value within the Company's reporting units, the Company determined that there was not a triggering event which would require an interim impairment test to be performed.
In the first quarter of 2020, the Company began reporting its machined products operations within the Aerospace segment. These operations were previously reported in the Company's Specialty Products segment. As a result of the reporting structure change, goodwill of approximately $12.7 million was reassigned from the Specialty Products segment to the Aerospace segment.
Changes in the carrying amount of goodwill for the six months ended June 30, 2020 are summarized as follows (dollars in thousands):
 
Packaging
 
Aerospace
 
Specialty Products
 
Total
Balance, December 31, 2019
$
181,650

 
$
133,690

 
$
19,300

 
$
334,640

Goodwill from acquisitions
—

 
43,260

 
—

 
43,260

Goodwill reassigned in segment realignment
—

 
12,740

 
(12,740
)
 
—

Foreign currency translation and other
(1,580
)
 
—

 
—

 
(1,580
)
Balance, June 30, 2020
$
180,070

 
$
189,690

 
$
6,560

 
$
376,320


The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles are summarized below (dollars in thousands):
 
 
As of June 30, 2020
 
As of December 31, 2019
Intangible Category by Useful Life
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Finite-lived intangible assets:
 

 

 

 

   Customer relationships, 5 – 12 years
 
$
100,160

 
$
(54,200
)
 
$
73,860

 
$
(49,910
)
   Customer relationships, 15 – 25 years
 
122,280

 
(59,230
)
 
122,280

 
(56,010
)
Total customer relationships
 
222,440

 
(113,430
)
 
196,140

 
(105,920
)
   Technology and other, 1 – 15 years
 
54,100

 
(31,240
)
 
52,430

 
(29,790
)
   Technology and other, 17 – 30 years
 
43,300

 
(38,620
)
 
43,300

 
(37,620
)
Total technology and other
 
97,400

 
(69,860
)
 
95,730

 
(67,410
)
Indefinite-lived intangible assets:
 

 

 

 

 Trademark/Trade names
 
51,620

 
—

 
42,850

 
—

Total other intangible assets
 
$
371,460

 
$
(183,290
)
 
$
334,720

 
$
(173,330
)

Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2020
 
2019
 
2020
 
2019
Technology and other, included in cost of sales
 
$
1,260

 
$
1,200

 
$
2,470

 
$
2,400

Customer relationships, included in selling, general and administrative expenses
 
4,040

 
3,550

 
7,680

 
6,980

Total amortization expense
 
$
5,300

 
$
4,750

 
$
10,150

 
$
9,380