Goodwill

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by reportable segment are as follows:


	Supply Technologies		Assembly Components		Engineered Products		Total

Balance at January 1, 2020	$	14.6	$	56.0	$	37.8	$	108.4

Foreign currency translation	0.5		0.1		1.9		2.5
Balance at December 31, 2020	15.1		56.1		39.7		110.9
Acquisition	1.5		—		—		1.5
Goodwill impairment	—		(4.6)		—		(4.6)
Foreign currency translation	(0.3)		—		(1.5)		(1.8)
Balance at December 31, 2021	$	16.3	$	51.5	$	38.2	$	106.0

Upon completion of goodwill impairment testing in the fourth quarter of 2021, the Company determined that the fair value of its Aluminum Products reporting unit, which is included in the Assembly Components segment, was lower than its carrying amount. As a result, the Company recorded an impairment charge of $4.6 million in the fourth quarter of 2021 to write-off the full amount of goodwill of the Aluminum Products reporting unit. The Company's other reporting units with goodwill balances had fair values in excess of their carrying amounts by at least 15%.