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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of goodwill

Beauty +

 

 

Food +

 

Corporate

 

 

Home

Pharma

Beverage

& Other

Total

 

Goodwill

$

221,658

$

413,650

$

128,153

$

1,615

$

765,076

Accumulated impairment losses

 

 

 

(1,615)

 

(1,615)

Balance as of December 31, 2019

$

221,658

$

413,650

$

128,153

$

$

763,461

Acquisition

99,644

463

100,107

Foreign currency exchange effects

 

(473)

 

(1,175)

 

8

 

 

(1,640)

Goodwill

$

320,829

$

412,938

$

128,161

$

1,615

$

863,543

Accumulated impairment losses

 

 

 

 

(1,615)

 

(1,615)

Balance as of June 30, 2020

$

320,829

$

412,938

$

128,161

$

$

861,928

Summary of amortized intangible assets

June 30, 2020

December 31, 2019

Weighted Average

Gross

Gross

 

Amortization Period

Carrying

Accumulated

Net

Carrying

Accumulated

Net

 

    

(Years)

    

Amount

    

Amortization

    

Value

    

Amount

    

Amortization

    

Value

 

Amortized intangible assets:

Patents

 

7.1

$

2,703

(1,334)

$

1,369

$

2,804

$

(1,318)

$

1,486

Acquired technology

 

12.6

 

105,020

(29,907)

 

75,113

 

100,511

 

(25,430)

 

75,081

Customer relationships

13.5

279,709

(43,561)

236,148

217,934

(33,924)

184,010

Trademarks and trade names

6.0

44,508

(13,568)

30,940

35,015

(11,003)

24,012

License agreements and other

 

15.5

 

22,480

(13,310)

 

9,170

 

16,153

 

(9,658)

 

6,495

Total intangible assets

 

12.6

$

454,420

$

(101,680)

$

352,740

$

372,417

$

(81,333)

$

291,084

Schedule of future estimated amortization expense

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

2020

$

19,192

(remaining estimated amortization for 2020)

2021

 

37,723

2022

 

37,443

2023

 

37,362

2024 and thereafter

 

221,020