Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 is summarized as follows:
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Refining Services |
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Catalysts |
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Performance Materials |
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Performance
Chemicals |
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Total |
Balance as of December 31, 2017 |
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$ |
311,892 |
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$ |
79,441 |
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$ |
313,131 |
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$ |
601,492 |
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$ |
1,305,956 |
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Goodwill recognized |
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— |
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— |
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|
649 |
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— |
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|
649 |
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Goodwill adjustments(1)
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— |
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— |
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(34,811 |
) |
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— |
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(34,811 |
) |
Foreign exchange impact and other |
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— |
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(1,682 |
) |
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(4,022 |
) |
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(11,161 |
) |
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(16,865 |
) |
Balance as of December 31, 2018 |
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$ |
311,892 |
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$ |
77,759 |
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$ |
274,947 |
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$ |
590,331 |
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$ |
1,254,929 |
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Foreign exchange impact |
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— |
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|
852 |
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|
972 |
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|
3,052 |
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|
4,876 |
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Balance as of December 31, 2019 |
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$ |
311,892 |
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$ |
78,611 |
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$ |
275,919 |
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$ |
593,383 |
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$ |
1,259,805 |
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(1)
Represents the measurement period adjustments on the net assets acquired as part of the Acquisition (see Note 7 to these consolidated financial statements for further information regarding the Acquisition).
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| Schedule of Finite-Lived Intangible Assets |
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
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December 31, 2019 |
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December 31, 2018 |
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Gross
Carrying
Amount
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Accumulated
Amortization |
Impairment Charge |
Net
Balance |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Net
Balance
|
Technical know-how |
$ |
212,067 |
|
$ |
(43,459 |
) |
$ |
— |
|
$ |
168,608 |
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$ |
211,067 |
|
$ |
(32,112 |
) |
$ |
178,955 |
|
Customer relationships |
362,478 |
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(128,126 |
) |
— |
|
234,352 |
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|
361,150 |
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(95,399 |
) |
265,751 |
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Contracts |
16,200 |
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(15,258 |
) |
— |
|
942 |
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19,800 |
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(13,139 |
) |
6,661 |
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Trademarks |
36,779 |
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(8,972 |
) |
— |
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27,807 |
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36,657 |
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(6,451 |
) |
30,206 |
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Permits |
9,100 |
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(9,100 |
) |
— |
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— |
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9,100 |
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(7,432 |
) |
1,668 |
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Total definite-lived intangible assets |
636,624 |
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(204,915 |
) |
— |
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431,709 |
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637,774 |
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(154,533 |
) |
483,241 |
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Indefinite-lived trade names |
158,477 |
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— |
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— |
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158,477 |
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|
157,813 |
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— |
|
157,813 |
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Indefinite-lived trademarks |
80,999 |
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— |
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— |
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80,999 |
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|
80,582 |
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— |
|
80,582 |
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In-process research and development |
6,800 |
|
— |
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(1,600 |
) |
5,200 |
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|
6,800 |
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— |
|
6,800 |
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Total intangible assets |
$ |
882,900 |
|
$ |
(204,915 |
) |
$ |
(1,600 |
) |
$ |
676,385 |
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$ |
882,969 |
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$ |
(154,533 |
) |
$ |
728,436 |
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| Schedule of Indefinite-Lived Intangible Assets |
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
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December 31, 2019 |
|
December 31, 2018 |
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Gross
Carrying
Amount
|
Accumulated
Amortization |
Impairment Charge |
Net
Balance |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Net
Balance
|
Technical know-how |
$ |
212,067 |
|
$ |
(43,459 |
) |
$ |
— |
|
$ |
168,608 |
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|
$ |
211,067 |
|
$ |
(32,112 |
) |
$ |
178,955 |
|
Customer relationships |
362,478 |
|
(128,126 |
) |
— |
|
234,352 |
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|
361,150 |
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(95,399 |
) |
265,751 |
|
Contracts |
16,200 |
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(15,258 |
) |
— |
|
942 |
|
|
19,800 |
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(13,139 |
) |
6,661 |
|
Trademarks |
36,779 |
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(8,972 |
) |
— |
|
27,807 |
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|
36,657 |
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(6,451 |
) |
30,206 |
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Permits |
9,100 |
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(9,100 |
) |
— |
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— |
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|
9,100 |
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(7,432 |
) |
1,668 |
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Total definite-lived intangible assets |
636,624 |
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(204,915 |
) |
— |
|
431,709 |
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|
637,774 |
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(154,533 |
) |
483,241 |
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Indefinite-lived trade names |
158,477 |
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— |
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— |
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158,477 |
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|
157,813 |
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— |
|
157,813 |
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Indefinite-lived trademarks |
80,999 |
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— |
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— |
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80,999 |
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|
80,582 |
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— |
|
80,582 |
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In-process research and development |
6,800 |
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— |
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(1,600 |
) |
5,200 |
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|
6,800 |
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— |
|
6,800 |
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Total intangible assets |
$ |
882,900 |
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$ |
(204,915 |
) |
$ |
(1,600 |
) |
$ |
676,385 |
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$ |
882,969 |
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$ |
(154,533 |
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$ |
728,436 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated future aggregate amortization expense of intangible assets is as follows:
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Year
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Amount
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2020 |
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$ |
46,809 |
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2021 |
|
45,867 |
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2022 |
|
45,867 |
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2023 |
|
41,963 |
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2024 |
|
40,011 |
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Thereafter |
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211,192 |
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Total estimated future aggregate amortization expense |
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$ |
431,709 |
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