XML 69 R52.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Intangible Assets and Goodwill | The changes in intangible assets and goodwill from December 31, 2022 to December 31, 2024, were as follows:
(in thousands, except for years) |  | Amortization life in years |  | Balance at December 31, 2023 |  | Other Changes |  | Amortization |  | Currency Translation |  | Balance at December 31, 2024
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
AEC Trademarks and trade names |  | 6-15 |  | $ | 22 |  |  | $ | — |  |  | $ | (11) |  |  | $ | — |  |  | $ | 11 |
AEC Technology |  | 10-15 |  | 3,426 |  |  | — |  |  | (569) |  |  | (177) |  |  | 2,680 |
AEC Intellectual property |  | 15 |  | 911 |  |  | — |  |  | (83) |  |  | — |  |  | 828 |
AEC Customer relationships |  | 8-15 |  | 25,485 |  |  | — |  |  | (3,480) |  |  | (113) |  |  | 21,892 |
Heimbach Developed technology |  | 9 |  | 8,732 |  |  | (289) |  |  | (953) |  |  | (486) |  |  | 7,004 |
Total Finite-Lived intangible assets, net |  |  |  | $ | 38,576 |  |  | $ | (289) |  |  | $ | (5,096) |  |  | $ | (776) |  |  | $ | 32,415 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Heimbach Trade name |  |  |  | $ | 6,070 |  |  | $ | — |  |  | $ | — |  |  | $ | (358) |  |  | $ | 5,712 |
MC Goodwill |  |  |  | 66,873 |  |  | — |  |  | — |  |  | (2,885) |  |  | 63,988 |
AEC Goodwill |  |  |  | 113,308 |  |  | — |  |  | — |  |  | (1,035) |  |  | 112,273 |
Total Indefinite-lived intangible assets |  |  |  | $ | 186,251 |  |  | $ | — |  |  | $ | — |  |  | $ | (4,278) |  |  | $ | 181,973 |
(in thousands, except for years) |  | Amortization life in years |  | Balance at December 31, 2022 |  | Acquisition |  | Amortization |  | Currency Translation |  | Balance at December 31, 2023
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
AEC Trademarks and trade names |  | 6-15 |  | $ | 34 |  |  | $ | — |  |  | $ | (12) |  |  | $ | — |  |  | $ | 22 |
AEC Technology |  | 10-15 |  | 3,884 |  |  | — |  |  | (567) |  |  | 109 |  |  | 3,426 |
AEC Intellectual property |  | 15 |  | 994 |  |  | — |  |  | (83) |  |  | — |  |  | 911 |
AEC Customer relationships |  | 8-15 |  | 28,899 |  |  | — |  |  | (3,480) |  |  | 66 |  |  | 25,485 |
Heimbach Developed technology |  | 9 |  | — |  |  | 8,918 |  |  | (310) |  |  | 124 |  |  | 8,732 |
Total Finite-Lived intangible assets, net |  |  |  | $ | 33,811 |  |  | $ | 8,918 |  |  | $ | (4,452) |  |  | $ | 299 |  |  | $ | 38,576 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Heimbach Trade name |  |  |  | $ | — |  |  | $ | 5,982 |  |  | $ | — |  |  | $ | 88 |  |  | $ | 6,070 |
MC Goodwill |  |  |  | 65,441 |  |  | — |  |  | — |  |  | 1,432 |  |  | 66,873 |
AEC Goodwill |  |  |  | 112,776 |  |  | — |  |  | — |  |  | 532 |  |  | 113,308 |
Total Indefinite-lived intangible assets |  |  |  | $ | 178,217 |  |  | $ | 5,982 |  |  | $ | — |  |  | $ | 2,052 |  |  | $ | 186,251 |
Schedule of Estimated Amortization Expense | Estimated amortization expense of intangibles for the years ending December 31, 2025 through 2029, is as follows:
Year |  | Annual amortization (in thousands)
2025 |  | $ | 5,000 |
2026 |  | 5,000 |
2027 |  | 5,000 |
2028 |  | 4,900 |
2029 |  | 4,900 |

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 goodwill and intangible assets, which may be broken down by segment or major class. + 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_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
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