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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill for the year ended December 31, 2020 are as follows by reporting segment:
| Pharma |  | Beauty + Home |  | Food + Beverage |  | Corporate & Other |  | Total
Goodwill | $ | 359,883 |  |  | $ | 223,933 |  |  | $ | 128,279 |  |  | $ | 1,615 |  |  | $ | 713,710 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | (1,615) |  |  | (1,615) |
Balance as of December 31, 2018 | $ | 359,883 |  |  | $ | 223,933 |  |  | $ | 128,279 |  |  | $ | — |  |  | $ | 712,095 |
Acquisition | 57,934 |  |  | — |  |  | — |  |  | — |  |  | 57,934 |
Foreign currency exchange effects | (4,167) |  |  | (2,275) |  |  | (126) |  |  | — |  |  | (6,568) |
Goodwill | $ | 413,650 |  |  | $ | 221,658 |  |  | $ | 128,153 |  |  | $ | 1,615 |  |  | $ | 765,076 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | (1,615) |  |  | (1,615) |
Balance as of December 31, 2019 | $ | 413,650 |  |  | $ | 221,658 |  |  | $ | 128,153 |  |  | $ | — |  |  | $ | 763,461 |
Acquisition | 463 |  |  | 103,130 |  |  | — |  |  | — |  |  | 103,593 |
Foreign currency exchange effects | 22,618 |  |  | 8,323 |  |  | 526 |  |  | — |  |  | 31,467 |
Goodwill | $ | 436,731 |  |  | $ | 333,111 |  |  | $ | 128,679 |  |  | $ | 1,615 |  |  | $ | 900,136 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | (1,615) |  |  | (1,615) |
Balance as of December 31, 2020 | $ | 436,731 |  |  | $ | 333,111 |  |  | $ | 128,679 |  |  | $ | — |  |  | $ | 898,521 |
Summary of amortized intangible assets | The table below shows a summary of intangible assets for the years ended December 31, 2020 and 2019.
|  |  | 2020 |  | 2019
| Weighted Average Amortization Period (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 7.2 |  | $ | 2,861 |  |  | $ | (1,477) |  |  | $ | 1,384 |  |  | $ | 2,804 |  |  | $ | (1,318) |  |  | $ | 1,486 |
Acquired technology | 12.6 |  | 111,854 |  |  | (36,943) |  |  | 74,911 |  |  | 100,511 |  |  | (25,430) |  |  | 75,081 |
Customer relationships | 13.3 |  | 286,644 |  |  | (56,714) |  |  | 229,930 |  |  | 217,934 |  |  | (33,924) |  |  | 184,010 |
Trademarks and trade names | 6.3 |  | 46,174 |  |  | (17,437) |  |  | 28,737 |  |  | 35,015 |  |  | (11,003) |  |  | 24,012 |
License agreements and other | 19.3 |  | 19,208 |  |  | (9,861) |  |  | 9,347 |  |  | 16,153 |  |  | (9,658) |  |  | 6,495 |
Total intangible assets | 12.6 |  | $ | 466,741 |  |  | $ | (122,432) |  |  | $ | 344,309 |  |  | $ | 372,417 |  |  | $ | (81,333) |  |  | $ | 291,084 |
Schedule of future estimated amortization expense | Future estimated amortization expense for the years ending December 31 is as follows:
2021 | $ | 40,195 |
2022 | 39,615 |
2023 | 38,728 |
2024 | 34,954 |
2025 and thereafter | 190,817 |

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