Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Other Intangible Assets

Schedule of Goodwill

Changes in goodwill balances for the periods indicated below are as follows (in millions):

		Specialty
		Products and		Performance		Consolidated
		Solutions		Brands		Total
Net balance as of December 31, 2022	$	49.3	$	123.7	$	173.0
Additions		—		—		—
Impairment (1)		—		—		—
Net balance as of December 31, 2023	$	49.3	$	123.7	$	173.0
Additions		—		—		—
Impairment (1)		—		—		—
Net balance as of December 31, 2024	$	49.3	$	123.7	$	173.0

(1) Total accumulated goodwill impairment as of December 31, 2024 and 2023, is $35.5 million.

Schedule of Other Intangible Assets

Other intangible assets consist of the following (in millions):

	Weighted	December 31, 2024				December 31, 2023
	Average Life			Accumulated				Accumulated
	(Years)	Gross Amount		Amortization		Gross Amount		Amortization
Customer relationships	20	$	181.8	$	(163.3)	$	181.8	$	(158.8)
Tradenames	9		26.8		(25.9)		26.8		(24.9)
Trade secrets	11		52.9		(51.8)		52.9		(51.2)
Patents	10		1.6		(1.6)		1.6		(1.6)
Royalty agreements	18		6.1		(4.6)		6.1		(4.2)
	17	$	269.2	$	(247.2)	$	269.2	$	(240.7)

Schedule of Estimated Future Amortization Expense

As of December 31, 2024, the Company estimates that amortization of intangible assets for the next five years will be as follows (in millions):

	Amortization
Year	Amount
2025	$	4.9
2026	$	3.8
2027	$	3.2
2028	$	2.3
2029	$	1.8