XML 48 R38.htm IDEA: XBRL DOCUMENT v3.23.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill were as follows. Prior period information has been recast to reflect the Company’s current period reportable segments. See Note 1 of Notes to Condensed Consolidated Financial Statements.
AmericasEMEAAsia/PacificGlobal
Specialty
Businesses
Total
Balance as of December 31, 2022$215,899$34,567$150,375$114,167$515,008
Reallocation of reporting units63,697 31,711 18,759 (114,167)
Balance as of January 1, 2023279,596 66,278 169,134 — 515,008 
Currency translation adjustments2,561 (805)(12,307)— (10,551)
Balance as of September 30, 2023$282,157$65,473$156,827$$504,457
Schedule of Finite-Lived Intangible Assets
Gross carrying amounts and accumulated amortization for definite-lived intangible assets were as follows:
Gross Carrying
Amount
Accumulated
Amortization
Net Book Value
September 30, 2023December 31, 2022September 30, 2023December 31, 2022September 30, 2023December 31, 2022
Customer lists and rights to sell$824,893$831,600$226,956$191,286$597,937$640,314
Trademarks, formulations and product technology157,362158,56452,53446,281104,828112,283
Other5,8547,5765,7346,3901201,186
Total definite-lived intangible assets$988,109$997,740$285,224$243,957$702,885$753,783
Schedule of Finite-lived Intangible Assets Amortization Expense The Company recorded amortization expense as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Amortization expense$14,529 $14,102 $43,734 $43,343 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated annual aggregate amortization expense for the current year and subsequent five years and beyond is as follows:
For the remainder of 2023$13,455
For the year ended December 31, 202456,630
For the year ended December 31, 202555,942
For the year ended December 31, 202655,650
For the year ended December 31, 202755,309