XML 63 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill are as follows:
 
Balance at December 31, 2022
    $ 430,711  
Acquired goodwill
      25,547  
Foreign currency translation adjustment
      890  
  
 
 
  
Balance at December 31, 2023
      457,148  
Acquired goodwill
      2,469  
Adjustment to goodwill related to 2023 acquisition
      (12 ) 
Foreign currency translation adjustment
      (7,747 )
 
  
 
 
  
Balance at December 31, 2024
   
$
451,858
  
 
 
  
Indefinite and Finite Lived Intangible Assets
Intangible assets are comprised of the following:
 
December 31,
Estimated

Useful Lives
in Years
2024
2023
Indefinite lived intangible assets - Trade names, trademarks, and distribution rights
      
$
165,910
   $ 174,779  
Finite lived intangible assets:
         
Customer relationships
   
7-18
   
107,149
     110,489  
Patented and unpatented technology
    7   
1,517
     1,650  
Trade name
    10   
4,293
     1,150  
Accumulated amortization
      
(70,397
)
 
      (69,922 ) 
     
 
 
     
 
 
  
Finite lived intangible assets, net
      
42,562
     43,367  
     
 
 
     
 
 
  
     
$
208,472
   $ 218,146  
     
 
 
     
 
 
  
Amortization Expense Related to Finite Lived Intangible Assets
Based on the finite lived intangible assets recorded at December 31, 2024, annual amortization for the next five years is expected to approximate the following:
 
2025
    $ 5,200  
2026
    $ 5,100  
2027
    $ 3,400  
2028
    $ 2,500  
2029
    $ 2,500