v3.25.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the six months ended June 30, 2025 are summarized as follows (dollars in thousands):
PackagingAerospaceSpecialty ProductsTotal
Balance, December 31, 2024$280,500 $69,300 $6,560 $356,360 
Goodwill from acquisitions— 15,370 — 15,370 
Foreign currency translation and other14,300 2,460 — 16,760 
Balance, June 30, 2025$294,800 $87,130 $6,560 $388,490 
Schedule of Intangible Assets (excluding Goodwill) by Major Class
The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles are summarized below (dollars in thousands):
As of June 30, 2025As of December 31, 2024
Intangible Category by Useful LifeGross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Finite-lived intangible assets:
   Customer relationships, 5 – 12 years$147,700 $(101,100)$138,840 $(95,360)
   Customer relationships, 15 – 25 years129,630 (89,860)129,230 (86,690)
Total customer relationships277,330 (190,960)268,070 (182,050)
   Technology and other, 1 – 15 years56,230 (44,320)56,790 (44,590)
   Technology and other, 17 – 30 years43,300 (41,260)43,300 (41,080)
Total technology and other99,530 (85,580)100,090 (85,670)
Indefinite-lived intangible assets:
 Trademark/Trade names62,730 — 60,640 — 
Total other intangible assets$439,590 $(276,540)$428,800 $(267,720)
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows (dollars in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Technology and other, included in cost of sales$790 $870 $1,590 $1,660 
Customer relationships, included in selling, general and administrative expenses3,560 3,350 6,950 6,770 
Total amortization expense$4,350 $4,220 $8,540 $8,430