Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.20.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
The gross carrying amounts of goodwill at March 31, 2020 and December 31, 2019 are as follows:
(in thousands)
March 31, 2020
 
December 31, 2019
Metals Segment
$
16,203

 
$
16,203

Specialty Chemicals Segment
1,355

 
1,355

Goodwill
$
17,558

 
$
17,558



The balance of intangible assets subject to amortization at March 31, 2020 and December 31, 2019 are as follows:
(in thousands)
March 31, 2020
 
December 31, 2019
Intangible assets, gross
$
32,126

 
$
32,126

Accumulated amortization of intangible assets
(17,221
)
 
(16,412
)
Intangible assets, net
$
14,905

 
$
15,714



Estimated amortization expense related to intangible assets for the next five years are as follows (in thousands):
Remainder of 2020
$
2,429

2021
3,051

2022
2,741

2023
1,200

2024
1,042

2025
945

Thereafter
3,497