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BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Property, Plant and Equipment, Estimated Useful Lives | Depreciation of plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets as follows:
Buildings | 15-25 years
Equipment | 2-28 years
Summary of Goodwill | The Company had goodwill in the amount of $529,463 and $523,998 as of December 31, 2020 and December 31, 2019, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”
Goodwill at December 31, 2018 |  | $ | 447,995 |
Goodwill as a result of the Acquisitions - see Note 2 |  | 77,392 |
Impact due to change in foreign exchange rates |  | (1,389) |
Goodwill at December 31, 2019 |  | 523,998 |
Goodwill as a result of the Acquisitions – see Note 2 |  | 432 |
Goodwill impairment - see Note 6 |  | (1,228) |
Impact due to change in foreign exchange rates |  | 6,261 |
Goodwill at December 31, 2020 |  | $ | 529,463 |
|  | December 31, 2020 |  | December 31, 2019
HNH |  | $ | 424,051 |  |  | $ | 423,600 |
ANH |  | 17,824 |  |  | 17,189 |
Specialty Products |  | 87,539 |  |  | 81,981 |
Other and Unallocated |  | 49 |  |  | 1,228 |
Total |  | $ | 529,463 |  |  | $ | 523,998 |
Intangible Assets, Estimated Useful Lives | The following intangible assets with finite lives are stated at cost and are amortized either on an accelerated basis or on a straight-line basis over the following estimated useful lives:
|  | Amortization Period (in years)
Customer relationships and lists |  | 10 - 20
Trademarks & trade names |  | 2 - 17
Developed technology |  | 5 - 12
Regulatory registration costs |  | 5 - 10
Patents & trade secrets |  | 15 - 17
Other |  | 3 - 18

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