GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 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
Acquisition	—			109,749		—			—			109,749
Foreign currency exchange effects	(719		)	1,991		(71		)	—			1,201
Goodwill	$	178,376		$	148,749	$	17,514		$	1,615		$	346,254
Accumulated impairment losses	—			—		—			(1,615		)	(1,615		)
Balance as of September 30, 2012	$	178,376		$	148,749	$	17,514		$	—		$	344,639

The table below shows a summary of intangible assets as of September 30, 2012 and December 31, 2011.

		September 30, 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	$	19,062	$	(18,333	)	$	729	$	19,030	$	(17,962	)	$	1,068
Technology	15	37,915		(632		)	37,283		—		—			—
License agreements and other	5	35,225		(21,309		)	13,916		23,840		(20,534		)	3,306
Total intangible assets	10	$	92,202	$	(40,274	)	$	51,928	$	42,870	$	(38,496	)	$	4,374

Aggregate amortization expense for the intangible assets above for the quarters ended September 30, 2012 and 2011 was $1,232 and $186, respectively.  Aggregate amortization expense for the intangible assets above for the nine months ended September 30, 2012 and 2011 was $1,898 and $1,925, respectively.

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

2012	$	1,276	(remaining estimated amortization for 2012)
2013	4,831
2014	4,795
2015	4,550
2016 and thereafter	36,476

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, 2012.