GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill by reporting segment since December 31, 2018 are as follows:

	Beauty +				Food +		Corporate
	Home		Pharma		Beverage		& Other		Total
Goodwill	$	223,933	$	359,883	$	128,279	$	1,615	$	713,710
Accumulated impairment losses		—		—		—		(1,615)		(1,615)
Balance as of December 31, 2018	$	223,933	$	359,883	$	128,279	$	—	$	712,095
Acquisition		—		27,839		—		—		27,839
Foreign currency exchange effects		(633)		(1,835)		(44)		—		(2,512)
Goodwill	$	223,300	$	385,887	$	128,235	$	1,615	$	739,037
Accumulated impairment losses		—		—		—		(1,615)		(1,615)
Balance as of June 30, 2019	$	223,300	$	385,887	$	128,235	$	—	$	737,422

The table below shows a summary of intangible assets as of June 30, 2019 and December 31, 2018.

		June 30, 2019							December 31, 2018
Weighted Average		Gross						Gross
Amortization Period		Carrying		Accumulated		Net		Carrying		Accumulated		Net
	(Years)	Amount		Amortization		Value		Amount		Amortization		Value
Amortized intangible assets:
Patents	2.7	$	5,958		(4,826)	$	1,132	$	5,427	$	(5,294)	$	133
Acquired technology	13.4		95,550		(21,827)		73,723		92,389		(18,304)		74,085
Customer relationships	13.9		191,182		(26,396)		164,786		179,597		(20,439)		159,158
Trademarks and trade names	7.4		23,515		(8,767)		14,748		21,243		(5,914)		15,329
License agreements and other	11.0		15,175		(8,214)		6,961		13,852		(7,653)		6,199
Total intangible assets	13.0	$	331,380	$	(70,030)	$	261,350	$	312,508	$	(57,604)	$	254,904

Aggregate amortization expense for the intangible assets above for the quarters ended June 30, 2019 and 2018 was $6,386 and $2,754, respectively. Aggregate amortization expense for the intangible assets above for the six months ended June 30, 2019 and 2018 was $12,388 and $5,573, respectively.

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

2019	$	13,897	(remaining estimated amortization for 2019)
2020		25,062
2021		24,255
2022		23,977
2023 and thereafter		174,159

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 June 30, 2019.