Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The goodwill balance was $171.1 million as of March 31, 2023 and December 31, 2022.

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
	March 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Dollars in thousands)
Trade names	$	22,500	$	(16,342)	$	6,158	$	22,500	$	(15,869)	$	6,631
Technology and know-how	55,300		(43,263)		12,037		55,300		(42,371)		12,929
Customer-related intangibles	64,500		(33,587)		30,913		64,500		(32,513)		31,987
Total finite-lived intangible assets	$	142,300	$	(93,192)	$	49,108	$	142,300	$	(90,753)	$	51,547

Amortization expense for intangible assets was $2.4 million and $2.6 million in the three months ended March 31, 2023 and 2022, respectively. Estimated amortization expense will be approximately $6.8 million for the remainder of 2023, $8.0 million in 2024, $7.3 million in 2025, $6.7 million in 2026, $6.1 million in 2027 and $5.5 million in 2028. Amortization expense is included in "Cost of goods sold" on the Condensed Consolidated Statement of Operations.