| Intangible Assets |
At December 31, 2025 and 2024, goodwill is
the only intangible asset that is not subject to amortization. The following table summarizes intangible assets with determinable useful lives by major category as of December 31, 2025 and 2024:
|
|
|
|
|
|
2025
|
|
|
2024
|
|
|
(In thousands except weighted average amortization years)
|
|
Weighted
Average
Amortization
Years
|
|
|
Cost
|
|
|
Accumulated
Amortization
|
|
|
Cost
|
|
|
Accumulated
Amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Technological know-how
|
|
|
11.7
|
|
|
$
|
6,672
|
|
|
$
|
(4,351
|
)
|
|
$
|
6,643
|
|
|
$
|
(3,119
|
)
|
|
Customer relationships
|
|
|
19.0
|
|
|
|
9,637
|
|
|
|
(4,206
|
)
|
|
|
9,611
|
|
|
|
(3,672
|
)
|
|
Patents, trademarks, non-compete agreements, and other
|
|
|
15.4
|
|
|
|
12,749
|
|
|
|
(10,380
|
)
|
|
|
12,121
|
|
|
|
(9,701
|
)
|
|
Total finite-lived intangibles
|
|
|
15.8
|
|
|
$
|
29,058
|
|
|
$
|
(18,937
|
)
|
|
$
|
28,375
|
|
|
$
|
(16,492
|
)
|
|
| Changes in Goodwill by Business Segment |
The changes in goodwill for the years ended December 31, 2025 and 2024, by
reportable business segment, were as follows:
|
(In thousands)
|
|
Flavors &
Extracts
|
|
|
Color
|
|
|
Asia Pacific
|
|
|
Consolidated
|
|
|
Balance as of December 31,
2023
|
|
$
|
103,313
|
|
|
$
|
316,181
|
|
|
$
|
4,571
|
|
|
$
|
424,065
|
|
|
Currency translation impact
|
|
|
(3,070
|
)
|
|
|
(9,001
|
)
|
|
|
(219
|
)
|
|
|
(12,290
|
)
|
|
Balance as of December 31,
2024
|
|
$
|
100,243
|
|
|
$
|
307,180
|
|
|
$
|
4,352
|
|
|
$
|
411,775
|
|
|
Currency translation impact
|
|
|
5,060
|
|
|
|
18,254
|
|
|
|
60
|
|
|
|
23,374
|
|
|
Acquisitions(1)
|
|
|
- |
|
|
|
4,557 |
|
|
|
- |
|
|
|
4,557 |
|
|
Balance as of December 31,
2025
|
|
$
|
105,303
|
|
|
$
|
329,991
|
|
|
$
|
4,412
|
|
|
$
|
439,706
|
|
|
(1)
|
In 2025, the Company acquired Biolie SAS. See Note 2, Acquisitions,
for additional information.
|
|