Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The goodwill balance was $171.1 million as of June 30, 2022 and December 31, 2021.

The following table summarizes intangible assets with determinable useful lives by major category, which are included in "Other assets" on our Condensed Consolidated Balance Sheets:


Intangible Assets
	As of June 30, 2022						As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Dollars in thousands)
Trade names	$	22,500	$	(14,915)	$	7,585	$	22,500	$	(13,935)	$	8,565
Technology and know-how	55,300		(40,524)		14,776		55,300		(38,486)		16,814
Customer-related intangibles	64,500		(30,359)		34,141		64,500		(28,195)		36,305
Total finite-lived intangible assets	$	142,300	$	(85,798)	$	56,502	$	142,300	$	(80,616)	$	61,684

Amortization expense for intangible assets was $2.6 million and $2.7 million in the three months ended June 30, 2022 and 2021, respectively, and $5.2 million and $5.5 million in the six months ended June 30, 2022 and 2021, respectively. Estimated amortization expense will be approximately $4.9 million for the remainder of 2022, $9.2 million in 2023, $8.0 million in 2024, $7.3 million in 2025 and $6.7 million in 2026. Amortization expense is included in "Cost of sales" on the Condensed Consolidated Statement of Operations.