GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 3 GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill for the year ended December 31, 2012, are as follows by reporting segment:




	Beauty + Home			Pharma			Food + Beverage			Corporate & Other			Total

Goodwill	$	171,515		$	37,678		$	17,836		$	1,615		$	228,644
Accumulated impairment losses		—			—			—			(1,615	)		(1,615	)

Balance as of December 31, 2010	$	171,515		$	37,678		$	17,836		$	—		$	227,029

Acquisition (See note 16)		10,938			—			—			—			10,938
Foreign currency exchange effects		(3,358	)		(669	)		(251	)		—			(4,278	)

Goodwill	$	179,095		$	37,009		$	17,585		$	1,615		$	235,304
Accumulated impairment losses		—			—			—			(1,615	)		(1,615	)

Balance as of December 31, 2011	$	179,095		$	37,009		$	17,585		$	—		$	233,689

Acquisition (See note 16)		—			111,031			—			—			111,031
Foreign currency exchange effects		795			5,938			99			—			6,832

Goodwill	$	179,890		$	153,978		$	17,684		$	1,615		$	353,167
Accumulated impairment losses		—			—			—			(1,615	)		(1,615	)

Balance as of December 31, 2012	$	179,890		$	153,978		$	17,684		$	—		$	351,552

The Company has also completed its annual analysis of the fair value of its reporting units as of December 31, 2012 using both a discounted cash flow analysis and market multiple approach, resulting in no impairment.

The table below shows a summary of intangible assets for the years ended December 31, 2012 and 2011.




		2012							2011
Weighted Average Amortization Period (Years)		Gross Carrying Amount		Accumulated Amortization			Net Value		Gross Carrying Amount		Accumulated Amortization			Net Value

Amortization intangible assets:
Patents	11	$	19,570	$	(18,894	)	$	676	$	19,030	$	(17,962	)	$	1,068
Acquired Technology	15		38,928		(1,298	)		37,630		—		—			—
License agreements and other	5		35,780		(22,126	)		13,654		23,840		(20,534	)		3,306

Total intangible assets	10	$	94,278	$	(42,318	)	$	51,960	$	42,870	$	(38,496	)	$	4,374

Aggregate amortization expense for the intangible assets above for the years ended December 31, 2012, 2011 and 2010 was $3,177, $2,195, and $3,620, respectively.

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


2013	$	4,883
2014		4,882
2015		4,706
2016		4,077
2017 and thereafter		33,412

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, 2012.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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