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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

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- References

No definition available.

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- 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

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