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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill

 

 

 

 

Beauty +

 

 

 

Food +

 

Corporate

 

 

 

 

 

Home

 

Pharma

 

Beverage

 

& Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

181,002

 

$

159,949

 

$

17,914

 

$

1,615

 

$

360,480

 

Accumulated impairment losses

 

--

 

--

 

--

 

(1,615

)

(1,615

)

Balance as of December 31, 2013

 

$

181,002

 

$

159,949

 

$

17,914

 

$

--

 

$

358,865

 

Acquisition

 

--

 

--

 

--

 

--

 

--

 

Foreign currency exchange effects

 

(6,574

)

(12,383

)

(633

)

--

 

(19,590

)

Goodwill

 

$

174,428

 

$

147,566

 

$

17,281

 

$

1,615

 

$

340,890

 

Accumulated impairment losses

 

--

 

--

 

--

 

(1,615

)

(1,615

)

Balance as of September 30, 2014

 

$

174,428

 

$

147,566

 

$

17,281

 

$

--

 

$

339,275

 

 

Summary of amortized intangible assets

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

Amortization

 

Carrying

 

Accumulated

 

Net

 

Carrying

 

Accumulated

 

Net

 

Period (Years)

 

Amount

 

Amortization

 

Value

 

Amount

 

Amortization

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

7

 

$

18,282

 

$

(18,067

)

$

215

 

$

20,165

 

$

(19,732

)

$

433

 

Acquired technology

 

15

 

37,260

 

(5,589

)

31,671

 

40,546

 

(4,055

)

36,491

 

License agreements and other

 

5

 

33,490

 

(22,825

)

10,665

 

35,259

 

(22,232

)

13,027

 

Total intangible assets

 

10

 

$

89,032

 

$

(46,481

)

$

42,551

 

$

95,970

 

$

(46,019

)

$

49,951

 

 

Schedule of future estimated amortization expense

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

 

2014

 

$

1,291 

             (remaining estimated amortization for 2014)

 

2015

 

4,960 

 

 

2016

 

4,024 

 

 

2017

 

3,338 

 

 

2018 and thereafter

 

28,938