GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by reporting segment since December 31, 2020 are as follows:



	Pharma		Beauty + Home		Food + Beverage		Corporate & Other		Total
Goodwill	$	436,731	$	333,111	$	128,679	$	1,615	$	900,136
Accumulated impairment losses	—		—		—		(1,615)		(1,615)
Balance as of December 31, 2020	$	436,731	$	333,111	$	128,679	$	—	$	898,521

Foreign currency exchange effects	(10,456)		(4,266)		(256)		—		(14,978)
Goodwill	$	426,275	$	328,845	$	128,423	$	1,615	$	885,158
Accumulated impairment losses	—		—		—		(1,615)		(1,615)
Balance as of March 31, 2021	$	426,275	$	328,845	$	128,423	$	—	$	883,543

The table below shows a summary of intangible assets as of March 31, 2021 and December 31, 2020.



		March 31, 2021						December 31, 2020
Weighted Average Amortization Period (Years)		Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Amortized intangible assets:
Patents	13.8	$	2,810	$	(1,440)	$	1,370	$	2,861	$	(1,477)	$	1,384
Acquired technology	12.2	109,508		(38,415)		71,093		111,854		(36,943)		74,911
Customer relationships	13.5	283,761		(61,214)		222,547		286,644		(56,714)		229,930
Trademarks and trade names	6.8	45,444		(18,615)		26,829		46,174		(17,437)		28,737
License agreements and other	36.7	18,981		(9,788)		9,193		19,208		(9,861)		9,347
Total intangible assets	13.3	$	460,504	$	(129,472)	$	331,032	$	466,741	$	(122,432)	$	344,309

Aggregate amortization expense for the intangible assets above for the three months ended March 31, 2021 and 2020 was $9,811 and $8,014, respectively.

Future estimated amortization expense for the years ending December 31 is as follows:


2021	$	27,995	(remaining estimated amortization for 2021)
2022	38,815
2023	38,545
2024	35,406
2025 and thereafter	190,271

Future amortization expense may fluctuate depending on changes in foreign currency rates. The estimates for amortization expense noted above are based upon foreign exchange rates as of March 31, 2021.