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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill by reporting segment since December 31, 2020 are as follows:
| Pharma |  | Beauty + Home |  | Food + Beverage |  | Corporate & Other |  | Total
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 |
Foreign currency exchange effects | (10,456) |  |  | (4,266) |  |  | (256) |  |  | — |  |  | (14,978) |
Goodwill | $ | 426,275 |  |  | $ | 328,845 |  |  | $ | 128,423 |  |  | $ | 1,615 |  |  | $ | 885,158 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | (1,615) |  |  | (1,615) |
Balance as of March 31, 2021 | $ | 426,275 |  |  | $ | 328,845 |  |  | $ | 128,423 |  |  | $ | — |  |  | $ | 883,543 |
Summary of amortized intangible assets | The table below shows a summary of intangible assets as of March 31, 2021 and December 31, 2020.
|  |  | March 31, 2021 |  | December 31, 2020
Weighted Average Amortization Period (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 13.8 |  | $ | 2,810 |  |  | $ | (1,440) |  |  | $ | 1,370 |  |  | $ | 2,861 |  |  | $ | (1,477) |  |  | $ | 1,384 |
Acquired technology | 12.2 |  | 109,508 |  |  | (38,415) |  |  | 71,093 |  |  | 111,854 |  |  | (36,943) |  |  | 74,911 |
Customer relationships | 13.5 |  | 283,761 |  |  | (61,214) |  |  | 222,547 |  |  | 286,644 |  |  | (56,714) |  |  | 229,930 |
Trademarks and trade names | 6.8 |  | 45,444 |  |  | (18,615) |  |  | 26,829 |  |  | 46,174 |  |  | (17,437) |  |  | 28,737 |
License agreements and other | 36.7 |  | 18,981 |  |  | (9,788) |  |  | 9,193 |  |  | 19,208 |  |  | (9,861) |  |  | 9,347 |
Total intangible assets | 13.3 |  | $ | 460,504 |  |  | $ | (129,472) |  |  | $ | 331,032 |  |  | $ | 466,741 |  |  | $ | (122,432) |  |  | $ | 344,309 |
Schedule of future estimated amortization expense | Future estimated amortization expense for the years ending December 31 is as follows:
2021 | $ | 27,995 |  |  | (remaining estimated amortization for 2021)
2022 | 38,815 |  |  |
2023 | 38,545 |  |  |
2024 | 35,406 |  |  |
2025 and thereafter | 190,271 |  |  |

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