Goodwill and Other Intangible Assets (Notes)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2024 are summarized as follows (dollars in thousands):



	Packaging		Aerospace		Specialty Products		Total
Balance, December 31, 2023	$	287,350	$	69,860	$	6,560	$	363,770




Foreign currency translation and other	(2,350)		(160)		—		(2,510)
Balance, March 31, 2024	$	285,000	$	69,700	$	6,560	$	361,260

Other Intangible Assets

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 March 31, 2024				As of December 31, 2023
Intangible Category by Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships, 5 – 12 years	$	140,430	$	(90,600)	$	141,260	$	(89,020)
Customer relationships, 15 – 25 years	129,660		(82,130)		129,830		(80,600)
Total customer relationships	270,090		(172,730)		271,090		(169,620)
Technology and other, 1 – 15 years	56,910		(42,530)		56,970		(41,850)
Technology and other, 17 – 30 years	43,300		(40,810)		43,300		(40,730)
Total technology and other	100,210		(83,340)		100,270		(82,580)
Indefinite-lived intangible assets:
Trademark/Trade names	61,510		—		61,860		—
Total other intangible assets	$	431,810	$	(256,070)	$	433,220	$	(252,200)

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 March 31,
		2024		2023
Technology and other, included in cost of sales		$	790	$	810
Customer relationships, included in selling, general and administrative expenses		3,420		3,780
Total amortization expense		$	4,210	$	4,590