XML 60 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
 
Goodwill:

The Company tests its goodwill for impairment annually in the fourth quarter, and whenever events or changes in circumstances indicate that the carrying value may exceed its fair value.

The changes in the carrying amount of goodwill by segment as of and for the three months ended March 31, 2020 were as follows:
 
In thousands
 
December 31,
2019
 
Currency translation adjustments
 
Impairment
 
March 31,
2020
 
 
Performance Materials
 
$
80,658

 
$
(54
)
 
$
(48,671
)
 
$
31,933

 
Technical Nonwovens
 
53,254

 
(2,519
)
 
—

 
50,735

 
Total goodwill
 
$
133,912

 
$
(2,573
)
 
$
(48,671
)
 
$
82,668







Goodwill Impairment

During the first quarter of 2020, the Company performed a goodwill impairment analysis in the Performance Materials and Technical Nonwovens reporting units and recorded a goodwill impairment charge of $48.7 million in the Performance Materials reporting unit. See Note 5, "Impairments of Goodwill and Other Long-Lived Assets", for further discussion of the goodwill impairment.

Other Intangible Assets:
 
The table below presents the gross carrying amount and, as applicable, the accumulated amortization of the Company’s acquired intangible assets other than goodwill included in “Other intangible assets, net” in the Condensed Consolidated Balance Sheets as of March 31, 2020 and December 31, 2019:
 
 
March 31, 2020
 
December 31, 2019
In thousands
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Amortized intangible assets
 
 

 
 

 
 

 
 

Customer Relationships
 
$
140,524

 
$
(34,606
)
 
$
142,400

 
$
(30,648
)
Patents
 
759

 
(633
)
 
759

 
(607
)
Technology
 
2,500

 
(1,019
)
 
2,500

 
(977
)
Trade Names
 
7,105

 
(5,449
)
 
7,293

 
(5,143
)
License Agreements
 
603

 
(603
)
 
610

 
(610
)
Other
 
545

 
(545
)
 
551

 
(551
)
Total amortized intangible assets
 
$
152,036

 
$
(42,855
)
 
$
154,113

 
$
(38,536
)