Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets Disclosure [Text Block]

Note 15 – Goodwill and Other Intangible Assets

The Company completes its annual goodwill impairment test during the fourth quarter of each year, or more frequently if triggering events indicate a possible impairment in one or more of its reporting units. The Company continually evaluates financial performance, economic conditions and other relevant developments in assessing if an interim period impairment test for one or more of its reporting units is necessary. The Company completed its annual impairment assessment during the fourth quarter of 2018 and no impairment charge was warranted. In addition, the Company has recorded no impairment charges in its past.

Changes in the carrying amount of goodwill for the years ended December 31,2018 and 2017 were as follows:

		North						South
		America		EMEA		Asia/Pacific		America		Total
Balance as of December 31, 2016		$	45,490	$	18,189	$	14,566	$	2,559	$	80,804
	Goodwill additions		1,832		—		—		—		1,832
	Currency translation adjustments		249		2,315		890		(56)		3,398
Balance as of December 31, 2017			47,571		20,504		15,456		2,503		86,034
	Currency translation adjustments		(268)		(1,169)		(869)		(395)		(2,701)
Balance as of December 31, 2018		$	47,303	$	19,335	$	14,587	$	2,108	$	83,333

Gross carrying amounts and accumulated amortization for definite-lived intangible assets as of December 31, 2018 and 2017 were as follows:

	Gross Carrying				Accumulated
	Amount				Amortization
	2018		2017		2018		2017
Customer lists and rights to sell	$	74,989	$	76,581	$	29,587	$	25,394
Trademarks, formulations and product technology		33,275		33,025		16,469		14,309
Other		5,840		6,114		5,566		5,514
Total definite-lived intangible assets	$	114,104	$	115,720	$	51,622	$	45,217

The Company recorded $7.3 million, $7.4million and $7.0million of amortization expense during the years ended December 31, 2018, 2017 and 2016, respectively. Estimated annual aggregate amortization expense for the subsequent five years is as follows:

For the year ended December 31, 2019	$	7,160
For the year ended December 31, 2020		6,879
For the year ended December 31, 2021		6,529
For the year ended December 31, 2022		6,374
For the year ended December 31, 2023		6,155

The Company has two indefinite-lived intangible assets totaling $1.1million for trademarks as ofDecember 31,2018 and 2017.