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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 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 for the year ended December 31, 2022 are as follows by reporting segment:
PharmaBeauty +
Home		Food +
Beverage		Total
Balance as of December 31, 2020$436,731 $333,111 $128,679 $898,521 
Acquisition104,433 — — 104,433 
Foreign currency exchange effects(20,967)(7,392)(438)(28,797)
Balance as of December 31, 2021$520,197 $325,719 $128,241 $974,157 
Acquisitions3,029 — — 3,029 
Foreign currency exchange effects(24,484)(6,708)(362)(31,554)
Balance as of December 31, 2022$498,742 $319,011 $127,879 $945,632 
We have completed the annual impairment analysis of our reporting units as of October 1, 2022. Based on our review of macroeconomic, industry, and market events and circumstances as well as the overall financial performance of the reporting units, we determined that it was more likely than not that the fair value of these reporting units was greater than their carrying amounts. No impairment was recognized during the years ended December 31, 2022, 2021 or 2020.
The table below shows a summary of intangible assets for the years ended December 31, 2022 and 2021.
20222021
Weighted Average
Amortization Period
(Years)		Gross
Carrying
Amount		Accumulated
Amortization		Net
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net
Value
Amortized intangible assets:
Patents8.8$8,044 $(1,968)$6,076 $2,767 $(1,528)$1,239 
Acquired technology11.5135,191 (56,628)78,563 140,936 (45,613)95,323 
Customer relationships13.4305,994 (99,130)206,864 311,964 (77,512)234,452 
Trademarks and trade names7.243,998 (28,190)15,808 44,893 (22,886)22,007 
License agreements and other38.615,425 (6,992)8,433 16,179 (6,857)9,322 
Total intangible assets13.2$508,652 $(192,908)$315,744 $516,739 $(154,396)$362,343 
Aggregate amortization expense for the intangible assets above for the years ended December 31, 2022, 2021 and 2020 was $43,574, $41,072 and $39,787, respectively.
Future estimated amortization expense for the years ending December 31 is as follows:
2023$43,723 
202440,547 
202539,061 
202636,863 
202729,720 
2028 and thereafter125,830 
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 December 31, 2022.