XML 22 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Sep. 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 
Acquisition3,029 — — 3,029 
Foreign currency exchange effects(51,844)(14,462)(839)(67,145)
Balance as of September 30, 2022$471,382 $311,257 $127,402 $910,041 
The table below shows a summary of intangible assets as of September 30, 2022 and December 31, 2021.
September 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:
Patents9.0$7,498 $(1,678)$5,820 $2,767 $(1,528)$1,239 
Acquired technology11.4128,193 (50,619)77,574 140,936 (45,613)95,323 
Customer relationships13.4298,658 (90,059)208,599 311,964 (77,512)234,452 
Trademarks and trade names7.142,531 (25,729)16,802 44,893 (22,886)22,007 
License agreements and other38.014,755 (6,406)8,349 16,179 (6,857)9,322 
Total intangible assets13.1$491,635 $(174,491)$317,144 $516,739 $(154,396)$362,343 
Aggregate amortization expense for the intangible assets above for the quarters ended September 30, 2022 and 2021 was $10,678 and $10,249, respectively. Aggregate amortization expense for the intangible assets above for the nine months ended September 30, 2022 and 2021 was $32,772 and $29,871, respectively.
Future estimated amortization expense for the years ending December 31 is as follows:
2022$10,685 
(remaining estimated amortization for 2022)
202342,362 
202439,151 
202537,702 
202635,611 
Thereafter151,633 
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 September 30, 2022.