XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.21.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 |
Acquisitions | 110,158 |  |  | — |  |  | — |  |  | — |  |  | 110,158 |
Foreign currency exchange effects | (15,961) |  |  | (5,607) |  |  | (332) |  |  | — |  |  | (21,900) |
Goodwill | $ | 530,928 |  |  | $ | 327,504 |  |  | $ | 128,347 |  |  | $ | 1,615 |  |  | $ | 988,394 |
Accumulated impairment losses | — |  |  | — |  |  | — |  |  | (1,615) |  |  | (1,615) |
Balance as of September 30, 2021 | $ | 530,928 |  |  | $ | 327,504 |  |  | $ | 128,347 |  |  | $ | — |  |  | $ | 986,779 |
Summary of amortized intangible assets | The table below shows a summary of intangible assets as of September 30, 2021 and December 31, 2020.
|  |  | September 30, 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 | 13.9 |  | $ | 2,785 |  |  | $ | (1,436) |  |  | $ | 1,349 |  |  | $ | 2,861 |  |  | $ | (1,477) |  |  | $ | 1,384 |
Acquired technology | 11.5 |  | 140,224 |  |  | (42,803) |  |  | 97,421 |  |  | 111,854 |  |  | (36,943) |  |  | 74,911 |
Customer relationships | 15.4 |  | 312,905 |  |  | (71,872) |  |  | 241,033 |  |  | 286,644 |  |  | (56,714) |  |  | 229,930 |
Trademarks and trade names | 6.9 |  | 45,194 |  |  | (21,544) |  |  | 23,650 |  |  | 46,174 |  |  | (17,437) |  |  | 28,737 |
License agreements and other | 37.6 |  | 16,504 |  |  | (7,143) |  |  | 9,361 |  |  | 19,208 |  |  | (9,861) |  |  | 9,347 |
Total intangible assets | 14.4 |  | $ | 517,612 |  |  | $ | (144,798) |  |  | $ | 372,814 |  |  | $ | 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 | $ | 11,614 |  |  | (remaining estimated amortization for 2021)
2022 | 43,874 |  |  |
2023 | 43,791 |  |  |
2024 | 40,651 |  |  |
2025 and thereafter | 232,884 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration