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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The goodwill balance was $171.1 million as of September 30, 2023 and December 31, 2022.
The following table summarizes intangible assets with determinable useful lives by major category, which are included in "Other assets" on our Condensed Consolidated Balance Sheets:
 September 30, 2023December 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(Dollars in thousands)
Trade names$22,500 $(17,161)$5,339 $22,500 $(15,869)$6,631 
Technology and know-how55,300 (44,982)10,318 55,300 (42,371)12,929 
Customer-related intangibles64,500 (35,734)28,766 64,500 (32,513)31,987 
Total finite-lived intangible assets$142,300 $(97,877)$44,423 $142,300 $(90,753)$51,547 
Amortization expense for intangible assets was $2.2 million and $2.5 million in the three months ended September 30, 2023 and 2022, respectively, and $7.1 million and $7.7 million in the nine months ended September 30, 2023 and 2022, respectively. Amortization expense is expected to be approximately $2.1 million for the remainder of 2023, $8.0 million in 2024, $7.3 million in 2025, $6.7 million in 2026, $6.1 million in 2027 and $5.5 million in 2028. Amortization expense is included in "Cost of goods sold" on the Condensed Consolidated Statement of Operations.