Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles:

The following table summarizes the changes in goodwill by reportable segment for the three months ended March 31, 2023 (in thousands):


	Energy Storage		Specialties		Ketjen		Total
Balance at December 31, 2022	$	1,424,275	$	20,319	$	173,033	$	1,617,627


Segment realignment(a)	(12,316)		12,316		—		—
Foreign currency translation adjustments and other	13,342		—		3,183		16,525
Balance at March 31, 2023	$	1,425,301	$	32,635	$	176,216	$	1,634,152

(a) Effective January 1, 2023, the Company realigned its Lithium and Bromine reportable segments into the Energy Storage and Specialties reportable segments. See Note 11, “Segment Information,” for additional details. As a result, the Company transferred goodwill from its legacy Lithium segment to the new Specialties reportable segment during the three months ended March 31, 2023.

The following table summarizes the changes in other intangibles and related accumulated amortization for the three months ended March 31, 2023 (in thousands):


	Customer Lists and Relationships		Trade Names and Trademarks(a)		Patents and Technology		Other		Total
Gross Asset Value
Balance at December 31, 2022	$	412,670	$	13,161	$	46,399	$	35,186	$	507,416


Foreign currency translation adjustments and other	5,066		231		639		981		6,917
Balance at March 31, 2023	$	417,736	$	13,392	$	47,038	$	36,167	$	514,333
Accumulated Amortization
Balance at December 31, 2022	$	(177,627)	$	(3,587)	$	(23,790)	$	(14,542)	$	(219,546)
Amortization	(6,529)		—		(657)		(248)		(7,434)

Foreign currency translation adjustments and other	(2,136)		(43)		(373)		(293)		(2,845)
Balance at March 31, 2023	$	(186,292)	$	(3,630)	$	(24,820)	$	(15,083)	$	(229,825)
Net Book Value at December 31, 2022	$	235,043	$	9,574	$	22,609	$	20,644	$	287,870
Net Book Value at March 31, 2023	$	231,444	$	9,762	$	22,218	$	21,084	$	284,508

(a) Net Book Value includes only indefinite-lived intangible assets.