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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022 are as follows by reporting segment:
| Pharma |  | Beauty + Home |  | Food + Beverage |  | Total
Balance as of December 31, 2020 | $ | 436,731 |  |  | $ | 333,111 |  |  | $ | 128,679 |  |  | $ | 898,521 |
Acquisition | 104,433 |  |  | — |  |  | — |  |  | 104,433 |
Foreign currency exchange effects | (20,967) |  |  | (7,392) |  |  | (438) |  |  | (28,797) |
Balance as of December 31, 2021 | $ | 520,197 |  |  | $ | 325,719 |  |  | $ | 128,241 |  |  | $ | 974,157 |
Acquisitions | 3,029 |  |  | — |  |  | — |  |  | 3,029 |
Foreign currency exchange effects | (24,484) |  |  | (6,708) |  |  | (362) |  |  | (31,554) |
Balance as of December 31, 2022 | $ | 498,742 |  |  | $ | 319,011 |  |  | $ | 127,879 |  |  | $ | 945,632 |
Summary of amortized intangible assets | The table below shows a summary of intangible assets for the years ended December 31, 2022 and 2021.
|  |  | 2022 |  | 2021
| Weighted Average Amortization Period (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Value
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 8.8 |  | $ | 8,044 |  |  | $ | (1,968) |  |  | $ | 6,076 |  |  | $ | 2,767 |  |  | $ | (1,528) |  |  | $ | 1,239 |
Acquired technology | 11.5 |  | 135,191 |  |  | (56,628) |  |  | 78,563 |  |  | 140,936 |  |  | (45,613) |  |  | 95,323 |
Customer relationships | 13.4 |  | 305,994 |  |  | (99,130) |  |  | 206,864 |  |  | 311,964 |  |  | (77,512) |  |  | 234,452 |
Trademarks and trade names | 7.2 |  | 43,998 |  |  | (28,190) |  |  | 15,808 |  |  | 44,893 |  |  | (22,886) |  |  | 22,007 |
License agreements and other | 38.6 |  | 15,425 |  |  | (6,992) |  |  | 8,433 |  |  | 16,179 |  |  | (6,857) |  |  | 9,322 |
Total intangible assets | 13.2 |  | $ | 508,652 |  |  | $ | (192,908) |  |  | $ | 315,744 |  |  | $ | 516,739 |  |  | $ | (154,396) |  |  | $ | 362,343 |
Schedule of future estimated amortization expense | Future estimated amortization expense for the years ending December 31 is as follows:
2023 | $ | 43,723 |
2024 | 40,547 |
2025 | 39,061 |
2026 | 36,863 |
2027 | 29,720 |
2028 and thereafter | 125,830 |

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