XML 22 R11.htm IDEA: XBRL DOCUMENT v3.22.2
GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by reporting segment since December 31, 2021 are as follows:
PharmaBeauty +
Home		Food +
Beverage		Total
Balance as of December 31, 2021$520,197 $325,719 $128,241 $974,157 
Foreign currency exchange effects(29,275)(8,295)(480)(38,050)
Balance as of June 30, 2022$490,922 $317,424 $127,761 $936,107 
The table below shows a summary of intangible assets as of June 30, 2022 and December 31, 2021.
June 30, 2022December 31, 2021
Weighted Average Amortization Period (Years)Gross
Carrying
Amount		Accumulated
Amortization		Net
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net
Value
Amortized intangible assets:
Patents14.1$2,799 $(1,650)$1,149 $2,767 $(1,528)$1,239 
Acquired technology11.4133,695 (49,689)84,006 140,936 (45,613)95,323 
Customer relationships13.4303,681 (86,613)217,068 311,964 (77,512)234,452 
Trademarks and trade names7.043,371 (24,973)18,398 44,893 (22,886)22,007 
License agreements and other39.115,310 (6,646)8,664 16,179 (6,857)9,322 
Total intangible assets13.2$498,856 $(169,571)$329,285 $516,739 $(154,396)$362,343 
Aggregate amortization expense for the intangible assets above for the quarters ended June 30, 2022 and 2021 was $11,067 and $9,811, respectively. Aggregate amortization expense for the intangible assets above for the six months ended June 30, 2022 and 2021 was $22,094 and $19,622, respectively.
Future estimated amortization expense for the years ending December 31 is as follows:
2022$21,459 
(remaining estimated amortization for 2022)
202342,669 
202439,455 
202538,039 
202635,919 
Thereafter151,744 
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 June 30, 2022.