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GOODWILL AND OTHER ASSET IMPAIRMENT | 9 Months Ended
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Sep. 30, 2023
Asset Impairment Charges [Abstract] |
GOODWILL AND OTHER ASSET IMPAIRMENT | GOODWILL AND OTHER ASSET IMPAIRMENT No impairment charges were recognized during the first nine months of 2023. During the third quarter of 2022, we recognized a non-cash goodwill impairment charge for our Spunlace segment of $42.5 million stemming from inflationary challenges at the time and our selling price increases having been insufficient to offset the impact of inflation. Furthermore, the Spunlace segment had been impacted by unexpected supply chain and other operational issues which, in combination with commercial issues, resulted in an unexpected increase in operating losses. During the first quarter of 2022, in connection with an assessment of potential impairment of long-lived and indefinite lived intangible assets stemming from the compounding impacts resulting from the Russia/Ukraine military conflict and related sanctions, we recorded a $117.3 million non-cash asset impairment charge related to Composite Fibers' Dresden facility and an impairment of Composite Fibers' goodwill. The following table summarizes the impairment charges recorded during the nine months ended September 30, 2023 and 2022, respectively, in the accompanying condensed consolidated statements of income under the caption “Goodwill and other asset impairment charges:”
In thousands | 2023 |  | 2022
Plant, property and equipment | $ | — |  |  | $ | 27,619 |
Technological know-how | — |  |  | 18,443 |
Customer relationships | — |  |  | 11,695 |
Tradename | — |  |  | 3,530 |
Goodwill | — |  |  | 98,603 |
Total | $ | — |  |  | $ | 159,890 |
The fair value of the underlying assets was estimated using discounted cash flow models, independent appraisals and similar methods, all of which are Level 3 fair value classification.

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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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