Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets Disclosure [Text Block]

Note 13 – Goodwill and Other Intangible AssetsThe Company completes its annual 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 has recorded no impairment charges in its past.Changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows:

		North						South
		America		EMEA		Asia/Pacific		America		Total
Balance as of December 31, 2018		$	47,303	$	19,335	$	14,587	$	2,108	$	83,333
	Currency translation adjustments		160		(256)		47		12		(37)
Balance as of June 30, 2019		$	47,463	$	19,079	$	14,634	$	2,120	$	83,296

Gross carrying amounts and accumulated amortization for definite-lived intangible assets as of June 30, 2019 and December 31, 2018 were as follows:

	Gross Carrying				Accumulated
	Amount				Amortization
	2019		2018		2019		2018
Customer lists and rights to sell	$	73,554	$	74,989	$	30,541	$	29,587
Trademarks, formulations and product technology		33,264		33,275		17,640		16,469
Other		5,842		5,840		5,724		5,566
Total definite-lived intangible assets	$	112,660	$	114,104	$	53,905	$	51,622

The Company recorded $1.8 million and $3.6 million of amortization expense for the three and six months ended June 30, 2019, respectively. Comparatively, the Company recorded $1.8 million and $3.7 million of amortization expense for the three and six months ended June 30, 2018, respectively. Estimated annual aggregate amortization expense for the current year and subsequent five years is as follows:

For the year ended December 31, 2019	$	7,082
For the year ended December 31, 2020		6,863
For the year ended December 31, 2021		6,514
For the year ended December 31, 2022		6,359
For the year ended December 31, 2023		6,141
For the year ended December 31, 2024		5,715

The Company has two indefinite-lived intangible assets totaling $1.1 million for trademarks as of June 30, 2019 and December 31, 2018.