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BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Property, Plant and Equipment, Estimated Useful Lives Depreciation of plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets as follows:
Buildings
15-25 years
Equipment
2-28 years
Summary of Goodwill The Company had goodwill in the amount of $447,995 and $441,361 as of December 31, 2018 and December 31, 2017, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”
Goodwill at December 31, 2016
 
$
439,811

Goodwill as a result of the Acquisitions - see Note 2
 
1,550

Goodwill at December 31, 2017
 
441,361

Goodwill as a result of the Acquisitions – see Note 2
 
6,838

Impact due to change in foreign exchange rates
 
(204
)
Goodwill at December 31, 2018
 
$
447,995

 
 
December 31, 2018
 
December 31, 2017
Human Nutrition & Health
 
$
405,527

 
$
405,334

Animal Nutrition & Health
 
18,578

 
12,137

Specialty Products
 
22,662

 
22,662

Industrial Products
 
1,228

 
1,228

Total
 
$
447,995

 
$
441,361

Intangible Assets, Estimated Useful Lives The following intangible assets with finite lives are stated at cost and are amortized either on an accelerated basis or on a straight-line basis over the following estimated useful lives:
 
 
Amortization Period
(in years)
Customer relationships and lists
 
10
Trademarks & trade names
 
5 - 17
Developed technology
 
5
Regulatory registration costs
 
5 - 10
Patents & trade secrets
 
15 - 17
Other
 
3 - 18