XML 48 R18.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets The following table summarizes our goodwill by segment as of December 31, 2024 and 2023:
(in thousands) | 2024 |  | 2023
Manufacturing | $ | 18,270 |  |  | $ | 18,270 |
Plastics | 19,302 |  |  | 19,302 |
Total Goodwill | $ | 37,572 |  |  | $ | 37,572 |
Our annual goodwill impairment testing, performed in the fourth quarters of 2024 and 2023, indicated no impairment existed as of the test date. The following table summarizes the components of our intangible assets as of December 31, 2024 and 2023:
(in thousands) | Gross Amount |  | Accumulated Amortization |  | Net Carrying Amount
December 31, 2024 |  |  |  |  |
Customer Relationships | $ | 22,491 |  |  | $ | 16,766 |  |  | $ | 5,725 |
Other | 26 |  |  | 8 |  |  | 18 |
Total | $ | 22,517 |  |  | $ | 16,774 |  |  | $ | 5,743 |
December 31, 2023 |  |  |  |  |
Customer Relationships | $ | 22,491 |  |  | $ | 15,667 |  |  | $ | 6,824 |
Other | 26 |  |  | 7 |  |  | 19 |
Total | $ | 22,517 |  |  | $ | 15,674 |  |  | $ | 6,843 |
Amortization expense for these intangible assets for each of the years ended December 31, 2024, 2023 and 2022 totaled $1.1 million. Annual amortization expense for these intangible assets for the next five years is:
(in thousands) | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Amortization Expense | $ | 1,100 |  |  | $ | 1,092 |  |  | $ | 1,090 |  |  | $ | 554 |  |  | $ | 285 |

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration