Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

The following table sets forth changes in the amounts of goodwill and other intangible assets recorded by each of our segments during the periods indicated:

In thousands	December 31, 2020		Acquisitions		Amortization		Translation		September 30, 2021
Goodwill
Composite Fibers	$	84,586	$	—	$	—	$	(4,531)	$	80,055
Airlaid Materials	79,783		36,231		—		(4,450)		111,564
Total	$	164,369	$	36,231	$	—	$	(8,981)	$	191,619
Other Intangible Assets
Composite Fibers
Tradename - non amortizing	$	3,902	$	—	$	—	$	(220)	$	3,682
Technology and related	41,578		—		—		(2,189)		39,389
Accumulated amortization	(18,636)		—		(1,424)		952		(19,108)
Net	22,942		—		(1,424)		(1,237)		20,281
Customer relationships and related	37,535		—		—		(2,051)		35,484
Accumulated amortization	(21,290)		—		(1,892)		1,208		(21,974)
Net	16,245		—		(1,892)		(843)		13,510
Airlaid Materials
Tradename	3,960		—		—		(223)		3,737
Accumulated amortization	(456)		—		(145)		31		(570)
Net	3,504		—		(145)		(192)		3,167
Technology and related	20,053		—		—		(1,099)		18,954
Accumulated amortization	(3,591)		—		(968)		223		(4,336)
Net	16,462		—		(968)		(876)		14,618
Customer relationships and related	26,636		20,000		—		(1,502)		45,134
Accumulated amortization	(7,856)		—		(2,333)		506		(9,683)
net	18,780		20,000		(2,333)		(996)		35,451
Total intangibles	133,664		20,000		—		(7,284)		146,380
Total accumulated amortization	(51,829)		—		(6,762)		2,920		(55,671)
Net intangibles	$	81,835	$	20,000	$	(6,762)	$	(4,364)	$	90,709

As discussed in Note 3, “Acquisition”, we recorded $36.2 million of goodwill and $20.0 million of identifiable intangible assets consisting of customer relationships in connection with the May 13, 2021 Mount Holly acquisition.