XML 62 R29.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill
The following table presents the carrying value of goodwill by business segment and changes in the carrying value of goodwill.
 
 
Technical Products
 
Fine Paper and
Packaging
 
Other
 
 
 
 
Gross
Amount
 
Accumulated
Impairment
Losses
 
 
 
Gross Amount
 
Accumulated
Impairment
Losses
 
 
 
Gross
Amount
 
Accumulated
Impairment
Losses
 
 
 
 
 
 
 
 
Net
 
 
 
Net
 
 
 
Net
 
Net
Balance at December 31, 2017
 
$
128.3

 
$
(49.6
)
 
$
78.7

 
$
6.2

 

 
6.2

 
$
0.4

 

 
0.4

 
$
85.3

Adjustment of goodwill acquired in the Coldenhove Acquisition (a)
 
1.1

 

 
1.1

 

 

 

 

 

 

 
1.1

Impairment related to the Brattleboro mill and associated office and research facilities (b)
 

 

 

 

 

 

 

 
(0.1
)
 
(0.1
)
 
(0.1
)
Foreign currency translation
 
(4.5
)
 
2.2

 
(2.3
)
 

 

 

 

 

 

 
(2.3
)
Balance at December 31, 2018
 
124.9

 
(47.4
)
 
77.5

 
6.2

 

 
6.2

 
0.4

 
(0.1
)
 
0.3

 
84.0

Realignment of Other segment (c)
 
0.4

 
(0.1
)
 
0.3

 

 

 

 
(0.4
)
 
0.1

 
(0.3
)
 

Foreign currency translation
 
(1.9
)
 
1.0

 
(0.9
)
 

 

 

 

 

 

 
(0.9
)
Balance at December 31, 2019
 
$
123.4

 
$
(46.5
)
 
$
76.9

 
$
6.2

 
$

 
$
6.2

 
$

 
$

 
$

 
$
83.1

_______________________

(a)
As a result of finalizing the acquisition accounting for Neenah Coldenhove in 2018, an adjustment of $1.1 million, net of income taxes, was recorded as a reduction to inventory and fixed assets and increase to goodwill.
(b)
In conjunction with the sale of the Brattleboro mill, a goodwill impairment loss of $0.1 million was recognized in 2018.
(c)
In January 2019, the Company realigned the remaining products manufactured in the Other business segment to be managed as part of the Technical Products business segment. See Note 14, "Business Segment and Geographic Information."
Schedule of gross carrying amount of intangible assets and the related accumulated amortization for intangible assets subject to amortization
The following table presents intangible assets acquired in conjunction with the Coldenhove Acquisition as of December 31, 2017:
 
 
Intangibles
 
Estimated Useful
Lives
(Years)
Intangible assets — definite lived
 
 

 
 
Trade names and trademarks
 
$
0.5

 
10
Customer based intangibles
 
2.9

 
15
Acquired technology
 
1.3

 
4
Total
 
4.7

 
 
Non-amortizable trade names
 
1.2

 
 
Total intangible assets
 
$
5.9

 
 

The following table details amounts related to those assets.
 
 
12/31/2019
 
12/31/2018
 
 
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
Amortizable intangible assets
 
 

 
 

 
 

 
 

Customer based intangibles
 
$
38.2

 
$
(20.4
)
 
$
38.3

 
$
(18.2
)
Trade names and trademarks
 
5.1

 
(2.7
)
 
5.1

 
(2.5
)
Acquired technology
 
16.9

 
(8.0
)
 
16.9

 
(6.7
)
Total amortizable intangible assets
 
60.2

 
(31.1
)
 
60.3

 
(27.4
)
Trade names
 
37.6

 

 
37.8

 

Total
 
$
97.8

 
$
(31.1
)
 
$
98.1

 
$
(27.4
)