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Goodwill, Intangible Assets and Deferred Charges | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill, Intangible Assets and Deferred Charges | Goodwill, Intangible Assets and Deferred Charges Goodwill The Company's goodwill balance of $11.4 million as of March 31, 2023 and December 31, 2022, respectively, was attributable to the Specialty Chemicals segment. Intangible Assets Intangible assets represent the fair value of intellectual, non-physical assets resulting from business acquisitions and are amortized over their estimated useful life using either an accelerated or straight-line method over a period of eight to 15 years. The balance of intangible assets subject to amortization are as follows:
| March 31, 2023 |  | December 31, 2022
(in thousands) | Gross Carrying Amount | Accumulated Amortization |  | Gross Carrying Amount | Accumulated Amortization
Definite-lived intangible assets: |  |  |  |  |
Customer related | $ | 28,226 |  | $ | (18,823) |  |  | $ | 28,226 |  | $ | (18,437) |
Trademarks and trade names | 150 |  | (14) |  |  | 150 |  | (12) |
Other | 500 |  | (48) |  |  | 500 |  | (40) |
Total definite-lived intangible assets | $ | 28,876 |  | $ | (18,885) |  |  | $ | 28,876 |  | $ | (18,489) |
Estimated amortization expense related to intangible assets for the next five years are as follows:
(in thousands) |  |  |  |
Remainder of 2023 | $ | 1,185 |  |  |  |
2024 | 1,555 |  |  |  |
2025 | 1,384 |  |  |  |
2026 | 1,153 |  |  |  |
2027 | 973 |  |  |  |
2028 | 820 |  |  |  |
Thereafter | 2,921 |  |  |  |
Deferred Charges Deferred charges represent debt issuance costs and are amortized over their estimated useful lives using the straight-line method over a period of four years. The balance of deferred charges subject to amortization are as follows:
(in thousands) | March 31, 2023 |  | December 31, 2022
Deferred charges, gross | $ | 398 |  |  | $ | 398 |
Accumulated amortization of deferred charges | (220) |  |  | (195) |
Deferred charges, net | $ | 178 |  |  | $ | 203 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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