XML 26 R13.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 4. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill for the years ended December 31, 2021 and 2020, were as follows:
(In thousands) |  | Surfactants Segment |  |  | Polymer Segment |  |  | Specialty Products Segment |  |  | Total |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Balance as of January 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 25,537 |  |  | $ | 23,664 |  |  | $ | 5,419 |  |  | $ | 5,406 |  |  | $ | 483 |  |  | $ | 483 |  |  | $ | 31,439 |  |  | $ | 29,553 |
Accumulated impairment loss |  |  | (3,467 | ) |  |  | (3,467 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,467 | ) |  |  | (3,467 | )
Goodwill, net |  |  | 22,070 |  |  |  | 20,197 |  |  |  | 5,419 |  |  |  | 5,406 |  |  |  | 483 |  |  |  | 483 |  |  |  | 27,972 |  |  |  | 26,086 |
Goodwill acquired (1) |  |  | — |  |  |  | 4,225 |  |  |  | 72,467 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72,467 |  |  |  | 4,225 |
Goodwill measurement period adjustment (1) |  |  | 940 |  |  |  | (336 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 940 |  |  |  | (336 | )
Foreign currency translation |  |  | (788 | ) |  |  | (2,016 | ) |  |  | (3,404 | ) |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | (4,192 | ) |  |  | (2,003 | )
Balance as of December 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 25,689 |  |  |  | 25,537 |  |  |  | 74,482 |  |  |  | 5,419 |  |  |  | 483 |  |  |  | 483 |  |  |  | 100,654 |  |  |  | 31,439 |
Accumulated impairment loss |  |  | (3,467 | ) |  |  | (3,467 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,467 | ) |  |  | (3,467 | )
Goodwill, net |  | $ | 22,222 |  |  | $ | 22,070 |  |  | $ | 74,482 |  |  | $ | 5,419 |  |  | $ | 483 |  |  | $ | 483 |  |  | $ | 97,187 |  |  | $ | 27,972 |
(1) | See Note 20, Acquisitions, of the notes to the Company’s consolidated financial statements (included in Item 8 of this Form 10-K) for information regarding the goodwill acquired in a business combination.
The Company tests its goodwill balances for impairment in the second quarter of each calendar year. The 2021 and 2020 tests indicated no impairment. The following table presents the components of other intangible assets, all of which have finite lives, as of December 31, 2021 and 2020. The year-over-year changes in gross carrying values mainly resulted from acquisitions that took place in 2021 and the effects of foreign currency translation.
(In thousands) |  | Gross Carrying Value |  |  | Accumulated Amortization |
|  | December 31 |  |  | December 31 |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Other Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents (2) |  | $ | 7,411 |  |  | $ | 7,411 |  |  | $ | 6,139 |  |  | $ | 5,713 |
Non-compete agreements (2) |  |  | 594 |  |  |  | 623 |  |  |  | 404 |  |  |  | 270 |
Trademarks (2) |  |  | 12,013 |  |  |  | 4,087 |  |  |  | 4,160 |  |  |  | 2,905 |
Customer lists/relationships (2) |  |  | 44,447 |  |  |  | 21,424 |  |  |  | 9,557 |  |  |  | 6,842 |
Supply contract |  |  | 1,472 |  |  |  | 1,579 |  |  |  | 1,472 |  |  |  | 1,579 |
Know-how (1)(2) |  |  | 27,029 |  |  |  | 14,183 |  |  |  | 10,450 |  |  |  | 7,930 |
Total |  | $ | 92,966 |  |  | $ | 49,307 |  |  | $ | 32,182 |  |  | $ | 25,239 |
(1) | Know-how includes intellectual property rights covering proprietary information, written formulae, trade secrets or secret processes, inventions and developmental products (whether patentable or not), discoveries, improvements, compositions, manufacturing processes, manuals, specifications and technical data
(2) | The 2020 balances include intangible assets acquired as part of the Company’s Clariant (Mexico) and Logos Technologies acquisitions in 2020. The 2021 balances include intangible assets acquired as part of the Company’s INVISTA acquisition in January 2021. See Note 20, Acquisitions, of the notes to the Company’s consolidated financial statements (included in Item 8 of this Form 10-K) for additional details.
Aggregate amortization expense for the years ended December 31, 2021, 2020 and 2019, was $7,292,000, $3,621,000, and $3,399,000, respectively. Estimated amortization expense for identifiable intangibles assets for each of the five succeeding fiscal years is as follows:
(In thousands) |  |  |  |
For year ended 12/31/22 |  | $ | 6,918 |
For year ended 12/31/23 |  |  | 6,891 |
For year ended 12/31/24 |  |  | 6,609 |
For year ended 12/31/25 |  |  | 6,168 |
For year ended 12/31/26 |  |  | 5,845 |

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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration