XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.26.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the net carrying amount of goodwill by operating segment were as follows:
(Dollars in millions) | Advanced Electronics Solutions |  | Elastomeric Material Solutions |  | Other |  | Total
December 31, 2025 | $ | 51.7 |  |  | $ | 249.5 |  |  | $ | 2.2 |  |  | $ | 303.4 |
Foreign currency translation adjustment | — |  |  | (2.2) |  |  | — |  |  | (2.2) |
March 31, 2026 | $ | 51.7 |  |  | $ | 247.3 |  |  | $ | 2.2 |  |  | $ | 301.2 |
Intangible Assets The carrying amount of intangible assets were as follows:
| March 31, 2026 |  | December 31, 2025
(Dollars in millions) | Gross Carrying Amount |  |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Impairment |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 179.8 |  |  |  | $ | 106.9 |  |  | $ | 72.9 |  |  | $ | 180.9 |  |  | $ | — |  |  | $ | 105.6 |  |  | $ | 75.3 |
Technology | 78.7 |  |  |  | 67.2 |  |  | 11.5 |  |  | 79.4 |  |  | — |  |  | 67.2 |  |  | 12.2 |
Trademarks and trade names | 19.8 |  |  |  | 8.4 |  |  | 11.4 |  |  | 20.1 |  |  | — |  |  | 8.3 |  |  | 11.8 |
Total definite-lived intangible assets | 278.3 |  |  |  | 182.5 |  |  | 95.8 |  |  | 280.4 |  |  | — |  |  | 181.1 |  |  | 99.3 |
Indefinite-lived intangible asset | — |  |  |  | — |  |  | — |  |  | 4.5 |  |  | 4.5 |  |  | — |  |  | — |
Total intangible assets | $ | 278.3 |  |  |  | $ | 182.5 |  |  | $ | 95.8 |  |  | $ | 284.9 |  |  | $ | 4.5 |  |  | $ | 181.1 |  |  | $ | 99.3 |
In the table above, gross carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. The amortization expense related to intangible assets was as follows:
| Three Months Ended |  |
(Dollars in millions) | March 31, 2026 |  | March 31, 2025 |  |  |  |
Amortization expense | $ | 2.7 |  |  | $ | 2.7 |  |  |  |  |
The estimated future amortization expense is $8.0 million, $10.2 million, $8.0 million, $7.5 million, and $7.1 million in 2026, 2027, 2028, 2029, and 2030, respectively. These amounts could vary based on changes in foreign currency exchange rates. The weighted average amortization period as of March 31, 2026, by intangible asset class, is presented in the table below:
|  | Weighted Average Remaining Amortization Period
Customer relationships |  | 6.6 years
Technology |  | 2.6 years
Trademarks and trade names |  | 8.5 years
Total intangible assets |  | 6.3 years

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