XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the three months ended March 31, 2021 are summarized as follows (dollars in thousands):
| Packaging |  | Aerospace |  | Specialty Products |  | Total
Balance, December 31, 2020 | $ | 234,560 |  |  | $ | 62,850 |  |  | $ | 6,560 |  |  | $ | 303,970 |
Foreign currency translation and other | (3,360) |  |  | — |  |  | — |  |  | (3,360) |
Balance, March 31, 2021 | $ | 231,200 |  |  | $ | 62,850 |  |  | $ | 6,560 |  |  | $ | 300,610 |
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, 2021 |  | As of December 31, 2020
Intangible Category by Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |
Customer relationships, 5 – 12 years |  | $ | 121,760 |  |  | $ | (62,380) |  |  | $ | 122,970 |  |  | $ | (59,470) |
Customer relationships, 15 – 25 years |  | 122,280 |  |  | (63,870) |  |  | 122,280 |  |  | (62,450) |
Total customer relationships |  | 244,040 |  |  | (126,250) |  |  | 245,250 |  |  | (121,920) |
Technology and other, 1 – 15 years |  | 57,100 |  |  | (33,640) |  |  | 57,180 |  |  | (32,800) |
Technology and other, 17 – 30 years |  | 43,300 |  |  | (39,570) |  |  | 43,300 |  |  | (39,450) |
Total technology and other |  | 100,400 |  |  | (73,210) |  |  | 100,480 |  |  | (72,250) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |
Trademark/Trade names |  | 54,030 |  |  | — |  |  | 54,640 |  |  | — |
Total other intangible assets |  | $ | 398,470 |  |  | $ | (199,460) |  |  | $ | 400,370 |  |  | $ | (194,170) |
Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands):
|  |  |  | Three months ended March 31,
|  |  |  |  |  | 2021 |  | 2020
Technology and other, included in cost of sales |  |  |  |  |  | $ | 950 |  |  | $ | 1,210 |
Customer relationships, included in selling, general and administrative expenses |  |  |  |  |  | 4,440 |  |  | 3,640 |
Total amortization expense |  |  |  |  |  | $ | 5,390 |  |  | $ | 4,850 |

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