XML 76 R48.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Other Intangibles (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Goodwill | The following table summarizes the changes in goodwill by reportable segment for the years ended December 31, 2024 and 2023 (in thousands):
| Energy Storage |  | Specialties |  | Ketjen |  |  |  | Total
Balance at December 31, 2022 | $ | 1,424,275 |  |  | $ | 20,319 |  |  | $ | 173,033 |  |  |  |  | $ | 1,617,627 |
Change in ownership interest(a) | (6,058) |  |  | — |  |  | — |  |  |  |  | (6,058) |
Segment realignment(b) | (12,316) |  |  | 12,316 |  |  | — |  |  |  |  | — |
Impairment loss(c) | — |  |  | — |  |  | (6,765) |  |  |  |  | (6,765) |
Foreign currency translation adjustments and other | 18,583 |  |  | 4 |  |  | 6,338 |  |  |  |  | 24,925 |
Balance at December 31, 2023(d) | 1,424,484 |  |  | 32,639 |  |  | 172,606 |  |  |  |  | 1,629,729 |
Foreign currency translation adjustments | (36,893) |  |  | (62) |  |  | (10,060) |  |  |  |  | (47,015) |
Balance at December 31, 2024(d) | $ | 1,387,591 |  |  | $ | 32,577 |  |  | $ | 162,546 |  |  |  |  | $ | 1,582,714 |
(a) Represents the reduction of goodwill associated with the proportionately consolidated MARBL joint venture. On October 18, 2023, we completed the restructuring of the MARBL joint venture, which reduced the Company’s ownership percentage from 60% to 50%. See Note 8, “Investments,” for further details. (b) Effective January 1, 2023, the Company realigned its Lithium and Bromine reportable segments into the Energy Storage and Specialties reportable segments. As a result, the Company transferred goodwill from its legacy Lithium segment to the new Specialties reportable segment during the year ended December 31, 2023. (c) During the year ended December 31, 2023, the Company recorded an impairment loss for the remaining balance of its goodwill associated with its PCS reporting unit within the Ketjen segment. See Note 1, “Summary of Significant Accounting Policies,” for further details. (d) Balance as of December 31, 2024 and 2023 includes an accumulated impairment loss of $6.8 million from the PCS reporting unit within the Ketjen segment. As a result, the balance of Ketjen as of December 31, 2024 and 2023 fully consists of goodwill related to the Refining Solutions reporting unit.
Other Intangibles | Other intangibles consist of the following at December 31, 2024 and 2023 (in thousands):
| Customer Lists and Relationships |  | Trade Names and Trademarks(a) |  | Patents and Technology |  | Other |  | Total
Gross Asset Value |  |  |  |  |  |  |  |  |
Balance at December 31, 2022 | $ | 412,670 |  |  | $ | 13,161 |  |  | $ | 46,399 |  |  | $ | 35,186 |  |  | $ | 507,416 |
Foreign currency translation adjustments and other | 5,133 |  |  | 244 |  |  | (112) |  |  | (537) |  |  | 4,728 |
Balance at December 31, 2023 | 417,803 |  |  | 13,405 |  |  | 46,287 |  |  | 34,649 |  |  | 512,144 |
Retirements | — |  |  | (2,309) |  |  | (14,506) |  |  | (4,449) |  |  | (21,264) |
Foreign currency translation adjustments and other | (15,791) |  |  | (426) |  |  | 484 |  |  | (1,190) |  |  | (16,923) |
Balance at December 31, 2024 | $ | 402,012 |  |  | $ | 10,670 |  |  | $ | 32,265 |  |  | $ | 29,010 |  |  | $ | 473,957 |
Accumulated Amortization |  |  |  |  |  |  |  |  |
Balance at December 31, 2022 | $ | (177,627) |  |  | $ | (3,587) |  |  | $ | (23,790) |  |  | $ | (14,542) |  |  | $ | (219,546) |
Amortization | (24,510) |  |  | — |  |  | (2,563) |  |  | (953) |  |  | (28,026) |
Foreign currency translation adjustments and other | (2,344) |  |  | (86) |  |  | (405) |  |  | 121 |  |  | (2,714) |
Balance at December 31, 2023 | (204,481) |  |  | (3,673) |  |  | (26,758) |  |  | (15,374) |  |  | (250,286) |
Amortization | (19,570) |  |  | — |  |  | (2,549) |  |  | (917) |  |  | (23,036) |
Retirements | — |  |  | 2,309 |  |  | 14,506 |  |  | 4,449 |  |  | 21,264 |
Foreign currency translation adjustments and other | 7,820 |  |  | 40 |  |  | 548 |  |  | 446 |  |  | 8,854 |
Balance at December 31, 2024 | $ | (216,231) |  |  | $ | (1,324) |  |  | $ | (14,253) |  |  | $ | (11,396) |  |  | $ | (243,204) |
Net Book Value at December 31, 2023 | $ | 213,322 |  |  | $ | 9,732 |  |  | $ | 19,529 |  |  | $ | 19,275 |  |  | $ | 261,858 |
Net Book Value at December 31, 2024 | $ | 185,781 |  |  | $ | 9,346 |  |  | $ | 18,012 |  |  | $ | 17,614 |  |  | $ | 230,753 |
(a)Net Book Value includes only indefinite-lived intangible assets.
Total Estimated Amortization Expense of Other Intangibles for Next Five Fiscal Years | Total estimated amortization expense of other intangibles for the next five fiscal years is as follows (in thousands):
| Estimated Amortization Expense
2025 | $ | 23,554 |
2026 | $ | 22,095 |
2027 | $ | 20,499 |
2028 | $ | 19,621 |
2029 | $ | 18,091 |

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 Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration