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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reporting segment since December 31, 2019 are as follows: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​
​ The table below shows a summary of intangible assets as of June 30, 2020 and December 31, 2019. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 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 | ​
​ Aggregate amortization expense for the intangible assets above for the quarters ended June 30, 2020 and 2019 was $12,320 and $6,386, respectively. Aggregate amortization expense for the intangible assets above for the six months ended June 30, 2020 and 2019 was $20,334 and $12,388, respectively. 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 | ​ | ​
​ Future amortization expense may fluctuate depending on changes in foreign currency rates. The estimates for amortization expense noted above are based upon foreign exchange rates as of June 30, 2020.

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- 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
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