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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows:
AmericasEMEAAsia/PacificGlobal Specialty BusinessesTotal
Balance as of December 31, 2022$215,899 $34,567 $150,375 $114,167 $515,008 
     Reallocation of reporting units (1)
63,697 31,711 18,759 (114,167)— 
Balance as of January 1, 2023279,596 66,278 169,134 — 515,008 
Currency translation and other adjustments3,507 (338)(5,659)— (2,490)
Balance as of December 31, 2023283,103 65,940 163,475 — 512,518 
Goodwill from acquisitions— 16,448 5,511 — 21,959 
Currency translation and other adjustments(6,228)(1,984)(7,371)— (15,583)
Balance as of December 31, 2024$276,875 $80,404 $161,615 $— $518,894 
(1) In connection with the Company’s reorganization and the associated change in reportable segments and reporting units during the first quarter of 2023, the Company reallocated goodwill previously held by the former Global Specialty Businesses segment to the remaining business segments as of January 1, 2023.
202420232022
Goodwill, gross$611,498 $609,571 $608,008 
Accumulated impairment losses (1)
(92,604)(97,053)(93,000)
Goodwill, net$518,894 $512,518 $515,008 
(1) Accumulated impairment losses are attributable to the non-cash impairment charge of $93.0 million to write down the carrying value of the EMEA reporting unit during the fourth quarter of 2022 and includes the impact of currency translation.
Schedule of Finite-Lived Intangible Assets
Gross carrying amounts and accumulated amortization for definite-lived intangible assets as of December 31, 2024 and 2023 were as follows:
Gross Carrying
Amount
Accumulated
Amortization
Net Book Value
202420232024202320242023
Customer lists and rights to sell$829,255 $841,562 $285,450 $243,872 $543,805 $597,690 
Trademarks, formulations and product technology160,257 161,613 62,373 55,879 97,884 105,734 
Other5,759 5,892 5,663 5,776 96 116 
Total definite-lived intangible assets$995,271 $1,009,067 $353,486 $305,527 $641,785 $703,540 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Amortization expense is recorded within SG&A in the Company’s Consolidated Statements of Operations. Estimated annual aggregate amortization expense for the subsequent five years is as follows:
For the year ended December 31, 2025$56,464 
For the year ended December 31, 202656,174 
For the year ended December 31, 202755,833 
For the year ended December 31, 202855,374 
For the year ended December 31, 202954,320