Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Loss Activity in the allowance for credit losses were as follows:
(in thousands) 2022 2021
Balance at beginning of period $ 216  $ 496 
Current period provision for expected credit losses 1,405  (68)
Deductions from allowance (371) (330)
Acquired allowance —  118 
Balance at end of period $ 1,250  $ 216 
Schedule of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 were as follows:
(in thousands) Specialty Chemicals
Balance December 31, 2020 $ 1,355 
Acquisitions 11,282 
Balance December 31, 2021 12,637 
PPA Revisions (1,248)
Balance December 31, 2022 $ 11,389 
Schedule of Amortization Expense for Finite-lived Intangible Assets
Estimated amortization expense for the next five fiscal years based on existing intangible assets is as follows:
(in thousands)
2023 $ 1,580 
2024 1,555 
2025 1,384 
2026 1,153 
2027 973 
Thereafter 3,742 
Total $ 10,387 
Schedule of Finite-Lived Intangible Assets
The gross carrying amount and accumulated amortization of intangible assets consist of the following:
2022 2021
(in thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization
Definite-lived intangible assets:
Customer related $ 28,226  $ (18,437) $ 28,226  $ (14,486)
Trademarks and trade names 150  (12) 150  (2)
Other 500  (40) 500  (6)
Total definite-lived intangible assets $ 28,876  $ (18,489) $ 28,876  $ (14,494)