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INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2014

INTANGIBLE ASSETS [Abstract]

Schedule of intangible assets reconciliation of goodwill

The following table provides the intangible assets reconciliation of goodwill at the beginning and end of the reporting periods:

		For the three and six months ended June 30, 2014
Goodwill at April 1 and January 1, 2014		$	28,515
Goodwill as a result of the Acquisition of Performance Chemicals & Ingredients Company – see Note 2			357,131
Goodwill at June 30, 2014		$	385,646

Intangible assets with finite lives

Identifiable intangible assets with finite lives at June 30, 2014 and December 31, 2013 are summarized as follows:

		Amortization Period (in years)				Gross Carrying Amount at  6/30/14				Accumulated Amortization at 6/30/14				Gross Carrying Amount at 12/31/13				Accumulated Amortization at 12/31/13
Customer lists			10			$	167,442			$	29,364			$	37,142			$	24,552
Trademarks & trade names			10-17				32,013				952				910				461
Developed technology			5				3,200				96				-				-
Regulatory registration costs			5-10				1,668				589				1,644				514
Patents & trade secrets			15-17				1,604				891				1,593				849
Other			5-10				754				565				754				541
						$	206,681			$	32,457			$	42,043			$	26,917

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X

- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275

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X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

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