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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Value of Goodwill

The changes in the carrying value of goodwill for the years ended December 31, 2024 and 2023, were as follows:

 

 

 

Surfactants
Segment

 

 

Polymer
Segment

 

 

Specialty Products
Segment

 

 

Total

 

(In thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Balance as of January 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

29,781

 

 

$

28,137

 

 

$

73,166

 

 

$

71,747

 

 

$

483

 

 

$

483

 

 

$

103,430

 

 

$

100,367

 

Accumulated impairment loss

 

 

(5,505

)

 

 

(4,445

)

 

 

 

 

 

 

 

 

(483

)

 

 

 

 

 

(5,988

)

 

 

(4,445

)

Goodwill, net

 

 

24,276

 

 

 

23,692

 

 

 

73,166

 

 

 

71,747

 

 

 

0

 

 

 

483

 

 

 

97,442

 

 

 

95,922

 

Goodwill impairment

 

 

 

 

 

(1,060

)

 

 

 

 

 

 

 

 

 

 

 

(483

)

 

 

 

 

 

(1,543

)

Foreign currency translation

 

 

(3,305

)

 

 

1,644

 

 

 

(2,769

)

 

 

1,419

 

 

 

 

 

 

 

 

 

(6,074

)

 

 

3,063

 

Balance as of December 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

26,476

 

 

 

29,781

 

 

 

70,397

 

 

 

73,166

 

 

 

483

 

 

 

483

 

 

 

97,356

 

 

 

103,430

 

Accumulated impairment loss

 

 

(5,505

)

 

 

(5,505

)

 

 

 

 

 

 

 

 

(483

)

 

 

(483

)

 

 

(5,988

)

 

 

(5,988

)

Goodwill, net

 

$

20,971

 

 

$

24,276

 

 

$

70,397

 

 

$

73,166

 

 

$

 

 

$

 

 

$

91,368

 

 

$

97,442

 

Components of Other Intangible Assets and Changes in Gross Carrying Values

The following table presents the components of other intangible assets, all of which have finite lives, as of December 31, 2024 and 2023. The year-over-year changes in gross carrying values resulted from the effects of foreign currency translation.

 

 

 

Gross Carrying Value

 

 

Accumulated
Amortization

 

 

 

December 31

 

 

December 31

 

(In thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Other Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

7,411

 

 

$

7,411

 

 

$

7,095

 

 

$

7,063

 

Non-compete agreements

 

 

329

 

 

 

401

 

 

 

329

 

 

 

401

 

Trademarks

 

 

11,567

 

 

 

11,662

 

 

 

7,749

 

 

 

6,705

 

Customer lists/relationships

 

 

45,341

 

 

 

49,157

 

 

 

18,415

 

 

 

16,257

 

Know-how (1)

 

 

29,086

 

 

 

29,543

 

 

 

17,473

 

 

 

15,177

 

Total

 

$

93,734

 

 

$

98,174

 

 

$

51,061

 

 

$

45,603

 

(1)
Know-how includes intellectual property rights covering proprietary information, written formulae, trade secrets or secret processes, inventions and developmental products (whether patentable or not), discoveries, improvements, compositions, manufacturing processes, manuals, specifications and technical data.
Estimated Amortization Expense for Identifiable Intangibles Assets Estimated amortization expense for identifiable intangibles assets for each of the five succeeding fiscal years is as follows:

(In thousands)

 

 

 

For year ended 12/31/25

 

$

6,265

 

For year ended 12/31/26

 

 

6,053

 

For year ended 12/31/27

 

 

6,053

 

For year ended 12/31/28

 

 

4,453

 

For year ended 12/31/29

 

 

3,422