Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The following table sets forth information with respect to goodwill and other intangible assets:


In thousands	December 31, 2021		Impairment		Purchase price allocation adjustment		Translation		December 31, 2022
Goodwill
Airlaid Materials	$	109,486	$	—	$	—	$	(4,291)	$	105,195
Composite Fibers	78,438		(76,411)		—		(2,027)		—
Spunlace	48,241		(42,541)		(500)		(5,200)		—
Total	$	236,165	$	(118,952)	$	(500)	$	(11,518)	$	105,195
Other Intangible Assets	December 31, 2021		Impairment		Amortization		Translation		December 31, 2022
Airlaid Materials
Tradename	$	4,485	$	—	$	—	$	(1,043)	$	3,442
Accumulated amortization	(603)		—		(170)		34		(739)
Net	3,882		—		(170)		(1,009)		2,703

Technology and related	17,825		—		—		(313)		17,512
Accumulated amortization	(4,552)		—		(1,131)		246		(5,437)
Net	13,273		—		(1,131)		(67)		12,075

Customer relationships and related	44,585				—		(1,433)		43,152
Accumulated amortization	(10,512)		—		(3,657)		598		(13,571)
Net	34,073		—		(3,657)		(835)		29,581

Composite Fibers
Tradename - non-amortizing	3,601		(3,530)		—		(71)		—

Technology and related	38,614		(37,823)		—		(791)		—
Accumulated amortization	(19,224)		19,380		(424)		268		—
Net	19,390		(18,443)		(424)		(523)		—

Customer relationships and related	34,739		(34,046)		—		(693)		—
Accumulated amortization	(22,104)		22,351		(587)		340		—
Net	12,635		(11,695)		(587)		(353)		—

Spunlace
Products and Tradenames	27,623				—		(333)		27,290
Accumulated amortization	(253)		—		(1,241)		(265)		(1,759)
Net	27,370		—		(1,241)		(598)		25,531

Technology and related	14,547				—		(175)		14,372
Accumulated amortization	(202)		—		(1,151)		(102)		(1,455)
Net	14,345		—		(1,151)		(277)		12,917

Customer relationships and related	28,003				—		(337)		27,666
Accumulated amortization	(268)		—		(1,487)		(48)		(1,803)
Net	27,735		—		(1,487)		(385)		25,863

Total intangibles	214,022		(75,399)		—		(5,189)		133,434
Total accumulated amortization	(57,718)		41,731		(9,848)		1,071		(24,764)
Net intangibles	$	156,304	$	(33,668)	$	(9,848)	$	(4,118)	$	108,670

The following table sets forth information pertaining to amortization of intangible assets:


In thousands	2022		2021		2020
Aggregate amortization expense:	$	9,848	$	9,753	$	8,014
Estimated amortization expense:
2023	8,852
2024	8,852
2025	8,852
2026	8,852
2027	8,852

Intangible assets are amortized on a straight-line basis. We amortize trade and product names over 15 years to 20 years; technical know-how over 8 years to 20 years; and customer relationships over 11 years to 18 years. The remaining weighted average useful life of intangible assets was 13.8 years at December 31, 2022.