XML 40 R27.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the three months ended March 31, 2023 are summarized as follows (dollars in thousands):
PackagingAerospaceSpecialty ProductsTotal
Balance, December 31, 2022$263,550 $69,700 $6,560 $339,810 
Goodwill from acquisitions20,420 — — 20,420 
Foreign currency translation and other1,340 20 — 1,360 
Balance, March 31, 2023$285,310 $69,720 $6,560 $361,590 
Schedule of Intangible Assets (excluding Goodwill) by Major Class
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, 2023As of December 31, 2022
Intangible Category by Useful LifeGross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Finite-lived intangible assets:
   Customer relationships, 5 – 12 years$140,720 $(82,380)$131,660 $(80,000)
   Customer relationships, 15 – 25 years129,670 (75,930)129,650 (74,380)
Total customer relationships270,390 (158,310)261,310 (154,380)
   Technology and other, 1 – 15 years56,910 (39,710)56,860 (38,990)
   Technology and other, 17 – 30 years43,300 (40,430)43,300 (40,330)
Total technology and other100,210 (80,140)100,160 (79,320)
Indefinite-lived intangible assets:
 Trademark/Trade names62,690 — 60,340 — 
Total other intangible assets$433,290 $(238,450)$421,810 $(233,700)
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows (dollars in thousands):
Three months ended March 31,
20232022
Technology and other, included in cost of sales$810 $900 
Customer relationships, included in selling, general and administrative expenses3,780 4,390 
Total amortization expense$4,590 $5,290