XML 58 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2021
Changes in Carrying Amount of Goodwill
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
 
    
 
 
  
Indefinite and Finite Lived Intangible Assets
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
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