Business Combination, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Assets Acquired and Liabilities Assumed


	(in thousands)
Assets
Cash	$	213
Other current assets	176
Accounts receivables	1,578
Inventories	924
Property, plant and equipment	5,317
Intangible assets	12,766
Total assets acquired	$	20,974

Liabilities
Current liabilities	$	2,488
Deferred tax liabilities	4,716
Total liabilities assumed	$	7,204
Net assets acquired	$	13,770

Consideration:
Cash consideration paid	$	36,784
Goodwill	$	23,014

Schedule of Goodwill

The carrying amount of goodwill attributable to each reportable segment for period ended December 31, 2019 is as follows:


Goodwill	Rubber		Specialty		Total
	(In thousands)
Balance at January 1, 2018	$	33,037	$	25,143	$	58,180
Foreign currency impact	(1,487)		(1,147)		(2,634)
Balance at December 31, 2018	$	31,550	$	23,996	$	55,546
Addition Goodwill recorded in SN2A acquisition	—		23,014		23,014
Foreign currency impact	(595)		(624)		(1,220)
Balance at December 31, 2019	$	30,955	$	46,385	$	77,341

Schedule of Intangible Assets

The following table provides information regarding Orion's intangible assets:


	December 31,
			2019															2018
			Gross Carrying Value			Accumulated Amortization			Net Intangible Assets			Gross Carrying Value			Accumulated Amortization			Net Intangible Assets
	(In thousands)
Developed technology and patents	$	62,870		$	37,402		$	25,468		$	82,007		$	34,348		$	47,660
Customer relationships	76,531			69,514			7,017			78,263			66,262			12,001
Trademarks	19,322			10,764			8,558			19,694			9,782			9,912
Long-term contracts	7,430			630			6,800			22,396			113			22,283
Other intangible assets	52,708			49,955			2,753			50,621			47,232			3,389
Total intangible assets	$	218,862		$	168,266		$	50,596		$	252,982		$	157,737		$	95,245

Schedule of Future Amortization Expense

The estimated aggregate amortization expense for intangible assets for the fiscal years ending December 31, 2020 to 2024 and thereafter are as follows:


Year	(In thousands)
2020	$	8,161
2021	7,041
2022	6,588
2023	6,252
2024	6,204
Thereafter	16,351
Total aggregated amortization	$	50,596