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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Value of Goodwill | The changes in the carrying value of goodwill for the years ended December 31, 2022 and 2021, were as follows:
|  | Surfactants Segment |  |  | Polymer Segment |  |  | Specialty Products Segment |  |  | Total |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Balance as of January 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
Goodwill acquired (1) |  |  | 1,792 |  |  |  | — |  |  |  | — |  |  |  | 72,467 |  |  |  | — |  |  |  | — |  |  |  | 1,792 |  |  |  | 72,467 |
Goodwill measurement period adjustment (1) |  |  | — |  |  |  | 940 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 940 |
Goodwill impairment |  |  | (978 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (978 | ) |  |  | — |
Foreign currency translation |  |  | 656 |  |  |  | (788 | ) |  |  | (2,735 | ) |  |  | (3,404 | ) |  |  | — |  |  |  | — |  |  |  | (2,079 | ) |  |  | (4,192 | )
Balance as of December 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 28,137 |  |  |  | 25,689 |  |  |  | 71,747 |  |  |  | 74,482 |  |  |  | 483 |  |  |  | 483 |  |  |  | 100,367 |  |  |  | 100,654 |
Accumulated impairment loss |  |  | (4,445 | ) |  |  | (3,467 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,445 | ) |  |  | (3,467 | )
Goodwill, net |  | $ | 23,692 |  |  | $ | 22,222 |  |  | $ | 71,747 |  |  | $ | 74,482 |  |  | $ | 483 |  |  | $ | 483 |  |  | $ | 95,922 |  |  | $ | 97,187 |
(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.
Components of Other Intangible Assets and Changes in Gross Carrying Values | The following table presents the components of other intangible assets, all of which have finite lives, as of December 31, 2022 and 2021. The year-over-year changes in gross carrying values mainly resulted from the acquisition that took place in 2022 and the effects of foreign currency translation.
|  | Gross Carrying Value |  |  | Accumulated Amortization |
|  | December 31 |  |  | December 31 |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Other Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Patents (2) |  | $ | 7,411 |  |  | $ | 7,411 |  |  | $ | 6,363 |  |  | $ | 6,139 |
Non-compete agreements (2) |  |  | 635 |  |  |  | 594 |  |  |  | 548 |  |  |  | 404 |
Trademarks (2) |  |  | 11,384 |  |  |  | 12,013 |  |  |  | 5,346 |  |  |  | 4,160 |
Customer lists/relationships (2) |  |  | 46,972 |  |  |  | 44,447 |  |  |  | 12,491 |  |  |  | 9,557 |
Supply contract |  |  | 1,551 |  |  |  | 1,472 |  |  |  | 1,551 |  |  |  | 1,472 |
Know-how (1)(2) |  |  | 28,908 |  |  |  | 27,029 |  |  |  | 12,536 |  |  |  | 10,450 |
Total |  | $ | 96,861 |  |  | $ | 92,966 |  |  | $ | 38,835 |  |  | $ | 32,182 |
(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 2021 balances include intangible assets acquired as part of the Company’s acquisition of INVISTA’s aromatic polyester polyol business and associated assets in January 2021 and the Company’s fermentation plant acquisition in February 2021. The 2022 balances include intangible assets acquired as part of the Company’s PerformanX acquisition in September 2022. 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.
Estimated Amortization Expense for Identifiable Intangibles Assets | Estimated amortization expense for identifiable intangibles assets for each of the five succeeding fiscal years is as follows:
(In thousands) |  |  |
For year ended 12/31/23 |  | $ | 7,237 |
For year ended 12/31/24 |  |  | 6,950 |
For year ended 12/31/25 |  |  | 6,509 |
For year ended 12/31/26 |  |  | 6,186 |
For year ended 12/31/27 |  |  | 6,106 |

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