XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are summarized as follows (dollars in thousands):
PackagingAerospaceSpecialty ProductsTotal
Balance, December 31, 2021$238,740 $70,190 $6,560 $315,490 
Goodwill from acquisitions32,370 — — 32,370 
Foreign currency translation and other(14,950)(630)— (15,580)
Balance, September 30, 2022$256,160 $69,560 $6,560 $332,280 
Schedule of Intangible Assets (excluding Goodwill) by Major Class
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 September 30, 2022As of December 31, 2021
Intangible Category by Useful LifeGross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Finite-lived intangible assets:
   Customer relationships, 5 – 12 years$129,470 $(77,290)$124,310 $(71,150)
   Customer relationships, 15 – 25 years129,500 (72,830)130,190 (68,190)
Total customer relationships258,970 (150,120)254,500 (139,340)
   Technology and other, 1 – 15 years56,660 (38,260)57,060 (36,140)
   Technology and other, 17 – 30 years43,300 (40,240)43,300 (39,920)
Total technology and other99,960 (78,500)100,360 (76,060)
Indefinite-lived intangible assets:
 Trademark/Trade names59,190 — 57,270 — 
Total other intangible assets$418,120 $(228,620)$412,130 $(215,400)
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):
Three months ended September 30,Nine months ended September 30,
2022202120222021
Technology and other, included in cost of sales$800 $950 $2,510 $2,850 
Customer relationships, included in selling, general and administrative expenses3,760 4,420 12,090 13,300 
Total amortization expense$4,560 $5,370 $14,600 $16,150