Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

4. Goodwill and Other Intangible Assets

The changes in the carrying value of goodwill for the years ended December 31, 2017 and 2016, were as follows:

	Surfactants Segment						Polymer Segment					Specialty Products Segment				Total
(In thousands)	2017			2016			2017		2016			2017		2016		2017			2016
Balance as of January 1
Goodwill	$	22,958		$	8,869		$	5,334	$	5,380		$	483	$	483	$	28,775		$	14,732
Accumulated impairment loss		(3,467	)		(3,467	)		—		—			—		—		(3,467	)		(3,467	)
Goodwill, net		19,491			5,402			5,334		5,380			483		483		25,308			11,265
Goodwill acquired ^(a)		—			14,327			—		—			—		—		—			14,327
Goodwill measurement period adjustment^(a)		(120	)		—			—		—			—		—		(120	)		—
Foreign currency translation		(211	)		(238	)		141		(46	)		—		—		(70	)		(284	)
Balance as of December 31
Goodwill		22,627			22,958			5,475		5,334			483		483		28,585			28,775
Accumulated impairment loss		(3,467	)		(3,467	)		—		—			—		—		(3,467	)		(3,467	)
Goodwill, net	$	19,160		$	19,491		$	5,475	$	5,334		$	483	$	483	$	25,118		$	25,308

(a)	See Note 20 for information regarding the goodwill acquired in a business combination.

The Company tests its goodwill balances for impairment in the second quarter of each calendar year. The 2017 and 2016 tests indicated no impairment.

The following table presents the components of other intangible assets, all of which have finite lives, as of December 31, 2017 and 2016. The year-over-year changes in gross carrying values mainly resulted from the effects of foreign currency translation.

	Gross Carrying Value				Accumulated Amortization
	December 31				December 31
(In thousands)	2017		2016		2017		2016
Other Intangible Assets:
Patents	$	6,947	$	6,947	$	3,893	$	3,294
Non-compete agreements		453	$	461		113	$	15
Trademarks		4,087		4,087		1,870		1,525
Customer lists		12,150		12,238		4,299		3,337
Supply contract		2,476		2,521		774		105
Know-how ^(a)		8,043		8,043		4,669		3,682
Total	$	34,156	$	34,297	$	15,618	$	11,958

(a)

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

Aggregate amortization expense for the years ended December 31, 2017, 2016 and 2015, was $3,711,000, $2,845,000, and $2,816,000 , respectively. Estimated amortization expense for identifiable intangibles assets for each of the five succeeding fiscal years is as follows:

(In thousands)
For year ended 12/31/18	$	3,584
For year ended 12/31/19		3,584
For year ended 12/31/20		3,435
For year ended 12/31/21		2,025
For year ended 12/31/22		1,368

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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