XML 41 R20.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Other Intangibles | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Goodwill and Other Intangibles: The following table summarizes the changes in goodwill by reportable segment for the years ended December 31, 2020 and 2019 (in thousands):
| Lithium |  | Bromine Specialties |  | Catalysts(b) |  | All Other |  | Total
Balance at December 31, 2018 | $ | 1,354,779 |  |  | $ | 20,319 |  |  | $ | 185,485 |  |  | $ | 6,586 |  |  | $ | 1,567,169 |
Acquisitions(a) | 31,762 |  |  | — |  |  | — |  |  | — |  |  | 31,762 |
Foreign currency translation adjustments and other | (15,695) |  |  | — |  |  | (4,451) |  |  | — |  |  | (20,146) |
Balance at December 31, 2019 | 1,370,846 |  |  | 20,319 |  |  | 181,034 |  |  | 6,586 |  |  | 1,578,785 |
Acquisitions(a) | 4,585 |  |  | — |  |  | — |  |  | — |  |  | 4,585 |
Foreign currency translation adjustments and other | 66,350 |  |  | — |  |  | 15,800 |  |  | — |  |  | 82,150 |
Balance at December 31, 2020 | $ | 1,441,781 |  |  | $ | 20,319 |  |  | $ | 196,834 |  |  | $ | 6,586 |  |  | $ | 1,665,520 |
(a) Represents purchase price adjustments for the Wodgina Project acquisition. Amount recorded during the year ended December 31, 2020 represents the finalization of the purchase price during the one-year measurement period. See Note 2, “Acquisitions,” for additional information. (b) Balance at December 31, 2020 consists of goodwill related to Refining Solutions (composed of our clean fuels technologies (“CFT”) and fluidized catalytic cracking (“FCC”) catalysts and additives businesses) of $189.8 million and performance catalyst solutions (“PCS”) of $7.0 million. Other intangibles consist of the following at December 31, 2020 and 2019 (in thousands):
| Customer Lists and Relationships |  | Trade Names and Trademarks(a) |  | Patents and Technology |  | Other |  | Total
Gross Asset Value |  |  |  |  |  |  |  |  |
Balance at December 31, 2018 | $ | 428,372 |  |  | $ | 18,453 |  |  | $ | 55,801 |  |  | $ | 43,708 |  |  | $ | 546,334 |
Foreign currency translation adjustments and other | (5,910) |  |  | (366) |  |  | (781) |  |  | (2,426) |  |  | (9,483) |
Balance at December 31, 2019 | 422,462 |  |  | 18,087 |  |  | 55,020 |  |  | 41,282 |  |  | 536,851 |
Foreign currency translation adjustments and other | 26,286 |  |  | 623 |  |  | 3,076 |  |  | (1,418) |  |  | 28,567 |
Balance at December 31, 2020 | $ | 448,748 |  |  | $ | 18,710 |  |  | $ | 58,096 |  |  | $ | 39,864 |  |  | $ | 565,418 |
Accumulated Amortization |  |  |  |  |  |  |  |  |
Balance at December 31, 2018 | $ | (95,797) |  |  | $ | (8,176) |  |  | $ | (35,248) |  |  | $ | (20,970) |  |  | $ | (160,191) |
Amortization | (23,020) |  |  | — |  |  | (1,388) |  |  | (2,714) |  |  | (27,122) |
Foreign currency translation adjustments and other | 2,068 |  |  | 238 |  |  | 439 |  |  | 2,339 |  |  | 5,084 |
Balance at December 31, 2019 | (116,749) |  |  | (7,938) |  |  | (36,197) |  |  | (21,345) |  |  | (182,229) |
Amortization | (22,575) |  |  | — |  |  | (1,377) |  |  | (970) |  |  | (24,922) |
Foreign currency translation adjustments and other | (7,962) |  |  | (238) |  |  | (1,926) |  |  | 964 |  |  | (9,162) |
Balance at December 31, 2020 | $ | (147,286) |  |  | $ | (8,176) |  |  | $ | (39,500) |  |  | $ | (21,351) |  |  | $ | (216,313) |
Net Book Value at December 31, 2019 | $ | 305,713 |  |  | $ | 10,149 |  |  | $ | 18,823 |  |  | $ | 19,937 |  |  | $ | 354,622 |
Net Book Value at December 31, 2020 | $ | 301,462 |  |  | $ | 10,534 |  |  | $ | 18,596 |  |  | $ | 18,513 |  |  | $ | 349,105 |
(a)Net Book Value includes only indefinite-lived intangible assets. Useful lives range from 13 – 25 years for customer lists and relationships; 8 – 20 years for patents and technology; and primarily 5 – 25 years for other. Amortization of other intangibles amounted to $24.9 million, $27.1 million and $28.0 million for the years ended December 31, 2020, 2019 and 2018, respectively. Included in amortization for the years ended December 31, 2020, 2019 and 2018 is $19.1 million, $19.5 million and $19.7 million, respectively, of amortization using the pattern of economic benefit method. Total estimated amortization expense of other intangibles for the next five fiscal years is as follows (in thousands):
| Estimated Amortization Expense
2021 | $ | 24,989 |
2022 | $ | 24,396 |
2023 | $ | 23,782 |
2024 | $ | 23,039 |
2025 | $ | 22,500 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration