XML 59 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2012
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

 

 

NOTE 3 — GOODWILL AND OTHER INTANGIBLE ASSETS

 

The changes in the carrying amount of goodwill since the year ended December 31, 2011 are as follows by reporting segment:

 

 

 

Beauty +

 

 

 

Food +

 

Corporate

 

 

 

 

 

Home

 

Pharma

 

Beverage

 

& Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Foreign currency exchange effects

 

2,863

 

1,159

 

204

 

 

4,226

 

Goodwill

 

$

181,958

 

$

38,168

 

$

17,789

 

$

1,615

 

$

239,530

 

Accumulated impairment losses

 

 

 

 

(1,615

)

(1,615

)

Balance as of March 31, 2012

 

$

181,958

 

$

38,168

 

$

17,789

 

$

 

$

237,915

 

 

The table below shows a summary of intangible assets as of March 31, 2012 and December 31, 2011.

 

 

 

 

 

March 31, 2012

 

December 31, 2011

 

 

 

Weighted Average

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Amortization

 

Carrying

 

Accumulated

 

Net

 

Carrying

 

Accumulated

 

Net

 

 

 

Period (Years)

 

Amount

 

Amortization

 

Value

 

Amount

 

Amortization

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

11

 

$

19,582

 

$

(18,592

)

$

990

 

$

19,030

 

$

(17,962

)

$

1,068

 

License agreements and other

 

4

 

25,547

 

(21,262

)

4,285

 

23,840

 

(20,534

)

3,306

 

Total intangible assets

 

7

 

$

45,129

 

$

(39,854

)

$

5,275

 

$

42,870

 

$

(38,496

)

$

4,374

 

 

Aggregate amortization expense for the intangible assets above for the quarters ended March 31, 2012 and 2011 was $349 and $705, respectively.

 

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

 

2012

 

$

959

 

(remaining estimated amortization for 2012)

2013

 

1,131

 

 

2014

 

1,004

 

 

2015

 

1,092

 

 

2016 and thereafter

 

1,089

 

 

 

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, 2012.