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Goodwill and Other Intangibles (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Finite and Indefinite-Lived Intangible Assets

The Company’s finite and indefinite-lived intangible assets consist of the following:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Gross Carrying

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

4,806

 

 

$

(4,806

)

 

$

4,806

 

 

$

(4,806

)

Land use rights

 

 

993

 

 

 

(286

)

 

 

1,175

 

 

 

(414

)

Trademark

 

 

1,966

 

 

 

(1,600

)

 

 

1,963

 

 

 

(1,576

)

Technology

 

 

7,070

 

 

 

(3,346

)

 

 

6,950

 

 

 

(3,189

)

Customer relationships

 

 

18,879

 

 

 

(9,767

)

 

 

18,637

 

 

 

(9,464

)

 

 

$

33,714

 

 

$

(19,805

)

 

$

33,531

 

 

$

(19,449

)

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

28,687

 

 

 

 

 

$

28,004

 

 

 

 
Changes in Carrying Amount of Goodwill by Segment Changes in the carrying amount of goodwill by reporting unit are shown in the following table:

 

 

PLP-USA

 

 

The Americas

 

 

EMEA

 

 

Asia-Pacific

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2023

 

$

3,078

 

 

$

9,597

 

 

$

15,329

 

 

$

—

 

 

$

28,004

 

Purchase price measurement period adjustments

 

 

—

 

 

 

—

 

 

 

20

 

 

 

—

 

 

 

20

 

Currency translation

 

 

—

 

 

 

161

 

 

 

502

 

 

 

—

 

 

 

663

 

Balance at March 31, 2023

 

$

3,078

 

 

$

9,758

 

 

$

15,851

 

 

$

—

 

 

$

28,687

 
The purchase price measurement period adjustments relate to the finalization of the purchase price accounting of Holplast, s.r.o. acquired during 2022. See Note 14 for additional information about acquisitions of businesses