GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows:

Balance at December 31, 2020	$	412,486
Acquired goodwill		21,291
Foreign currency translation adjustment		242
Balance at December 31, 2021		434,019
Acquired goodwill		60
Allocation to intangible assets related to 2021 acquisition		(596	)
Foreign currency translation adjustment		(2,772	)
Balance at December 31, 2022	$	430,711

Indefinite and Finite Lived Intangible Assets

Intangible assets are comprised of the following:

December 31,	Estimated Useful Lives	2022			2021
Indefinite lived intangible assets—Trade names, trademarks, and distribution rights		$	154,086		$	158,389
Finite lived intangible assets:
Customer relationships	7-18 years		83,943			86,526
Patented and unpatented technology	7 years		1,611			1,721
Trade name	10 years		1,150			1,150
Accumulated amortization			(65,599	)		(60,890	)
Finite lived intangible assets, net			21,105			28,507
		$	175,191		$	186,896

Amortization Expense Related to Finite Lived Intangible Assets

Based on the finite lived intangible assets recorded at December 31, 2022, annual amortization for the next five years is expected to approximate the following:

2023	$	3,200
2024	$	3,000
2025	$	3,000
2026	$	2,800
2027	$	1,500