v3.26.1
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
Changes in the carrying amount of goodwill for the six months ended June 30, 2026 are summarized as follows (dollars in thousands):
PackagingSpecialty ProductsTotal
Balance, December 31, 2025$293,720 $6,560 $300,280 
Foreign currency translation and other(3,620)— (3,620)
Balance, June 30, 2026$290,100 $6,560 $296,660 
Accumulated impairment losses at June 30, 2026$58,660 $— $58,660 
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, 2026As of December 31, 2025
Intangible Category by Useful LifeGross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Finite-lived intangible assets:
   Customer relationships, 5 – 12 years
$98,020 $(73,300)$99,270 $(71,810)
   Customer relationships, 15 – 25 years
39,280 (39,280)39,280 (39,280)
Total customer relationships137,300 (112,580)138,550 (111,090)
   Technology and other, 1 – 15 years
13,540 (12,240)13,630 (12,140)
   Technology and other, 17 – 30 years
41,600 (39,910)41,600 (39,740)
Total technology and other55,140 (52,150)55,230 (51,880)
Indefinite-lived intangible assets:
 Trademark/Trade names45,260 — 45,740 — 
Total other intangible assets$237,700 $(164,730)$239,520 $(162,970)
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,
2026202520262025
Technology and other, included in cost of sales$190 $190 $370 $360 
Customer relationships, included in selling, general and administrative expenses990 1,490 2,250 2,910 
Total amortization expense$1,180 $1,680 $2,620 $3,270