XML 39 R22.htm IDEA: XBRL DOCUMENT
v3.22.0.1

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2021
GOODWILL AND INTANGIBLE ASSETS | 14. GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill are as follows:
Balance at December 31, 2019 |  | $ | 411,217 |
Acquired goodwill |  |  | 410 |
Foreign currency translation adjustment |  |  | 859 |
Balance at December 31, 2020 |  |  | 412,486 |
Acquired goodwill |  |  | 21,291 |
Foreign currency translation adjustment |  |  | 242 |
Balance at December 31, 2021 |  | $ | 434,019 |
Intangible assets are comprised of the following:
December 31, |  | Estimated Useful Lives |  |  | 2021 |  |  | 2020 |
Indefinite lived intangible assets—Trade names, trademarks, and distribution rights |  |  |  |  |  | $ | 158,389 |  |  | $ | 140,867 |
Finite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 7- 18 years |  |  |  | 86,526 |  |  |  | 81,527 |
Patented and unpatented technology |  |  | 7 years |  |  |  | 1,721 |  |  |  | 1,714 |
Trade name |  |  | 10 years |  |  |  | 1,150 |  |  |  | 1,150 |
Accumulated amortization |  |  |  |  |  |  | (60,890 | ) |  |  | (55,329 | )
Finite lived intangible assets, net |  |  |  |  |  |  | 28,507 |  |  |  | 29,062 |
|  |  |  |  |  | $ | 186,896 |  |  | $ | 169,929 |
Amortization expense related to finite lived intangible assets included in selling, general and administrative expenses for the years ended December 31, 2021, 2020, and 2019, were $5,561, $5,945, and $5,704, respectively. Annual amortization of finite lived intangible assets for the next five years is expected to approximate the following:
2022 |  | $ | 4,500 |
2023 |  | $ | 3,900 |
2024 |  | $ | 3,700 |
2025 |  | $ | 3,700 |
2026 |  | $ | 3,500 |

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration