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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Beauty +

    

 

 

    

Food +

    

Corporate

    

 

 

 

 

 

Home

 

Pharma

 

Beverage

 

& Other

 

Total

 

Goodwill

 

$

223,947

 

$

203,069

 

$

16,871

 

$

1,615

 

$

445,502

 

Accumulated impairment losses

 

 

 —

 

 

 —

 

 

 —

 

 

(1,615)

 

 

(1,615)

 

Balance as of December 31, 2017

 

$

223,947

 

$

203,069

 

$

16,871

 

$

 —

 

$

443,887

 

Acquisition

 

 

5,565

 

 

154,827

 

 

106,389

 

 

 —

 

 

266,781

 

Foreign currency exchange effects

 

 

(4,853)

 

 

(6,237)

 

 

(248)

 

 

 —

 

 

(11,338)

 

Goodwill

 

$

224,659

 

$

351,659

 

$

123,012

 

$

1,615

 

$

700,945

 

Accumulated impairment losses

 

 

 —

 

 

 —

 

 

 —

 

 

(1,615)

 

 

(1,615)

 

Balance as of September 30, 2018

 

$

224,659

 

$

351,659

 

$

123,012

 

$

 —

 

$

699,330

 

 

Summary of amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

 

December 31, 2017

 

Weighted Average

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Amortization Period

 

Carrying

 

Accumulated

 

Net

 

Carrying

 

Accumulated

 

Net

 

 

   

(Years)

    

Amount

    

Amortization

    

Value

    

Amount

    

Amortization

    

Value

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

0.3

 

$

7,645

 

$

(7,535)

 

$

110

 

$

7,819

 

$

(7,806)

 

$

13

 

Acquired technology

 

13.5

 

 

93,171

 

 

(16,786)

 

 

76,385

 

 

47,571

 

 

(14,624)

 

 

32,947

 

Customer relationships

 

14.6

 

 

199,591

 

 

(18,162)

 

 

181,429

 

 

68,886

 

 

(13,401)

 

 

55,485

 

Trademarks and trade names

 

7.0

 

 

21,333

 

 

(5,311)

 

 

16,022

 

 

6,965

 

 

(4,485)

 

 

2,480

 

License agreements and other

 

9.3

 

 

19,808

 

 

(10,644)

 

 

9,164

 

 

14,862

 

 

(10,327)

 

 

4,535

 

Total intangible assets

 

13.2

 

$

341,548

 

$

(58,438)

 

$

283,110

 

$

146,103

 

$

(50,643)

 

$

95,460

 

 

Schedule of future estimated amortization expense

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

 

 

 

 

 

 

2018

    

$

6,023

 

(remaining estimated amortization for 2018)

2019

 

 

23,888

 

 

2020

 

 

22,786

 

 

2021

 

 

22,407

 

 

2022 and thereafter

 

 

208,006