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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the net carrying amount of goodwill for the years ended December 31, are as follows:
| 2024 |  | 2023
Balance as of January 1, | $ | 806,844 |  |  | $ | 815,429 |
Foreign currency translation and other adjustments | (1,486) |  |  | (8,585) |
Balance as of December 31, | $ | 805,358 |  |  | $ | 806,844 |
The 2023 change in goodwill includes an immaterial correction of $9.0 million to record deferred tax assets associated with the deductibility of contingent consideration related to purchase accounting from 2022. Total accumulated goodwill impairment losses aggregated $107.0 million at December 31, 2024 and 2023, respectively. Other intangible assets consist of the following:
| December 31, 2024 |  | December 31, 2023
| Weighted Average Amortization Period (Years) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Intangible assets with definite lives: | 22 |  |  |  |  |  |  |
Customer and distributor relationships | 24 | $ | 369,774 |  |  | $ | (205,013) |  |  | $ | 369,930 |  |  | $ | (188,486) |
Sales representation, marketing and promotional rights | 25 | 149,376 |  |  | (78,000) |  |  | 149,376 |  |  | (72,000) |
Patents and other intangible assets | 16 | 85,392 |  |  | (55,802) |  |  | 82,594 |  |  | (54,120) |
Developed technology | 18 | 320,204 |  |  | (54,812) |  |  | 320,204 |  |  | (44,558) |
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |
Trademarks and tradenames |  | 86,544 |  |  | — |  |  | 86,544 |  |  | — |
|  | $ | 1,011,290 |  |  | $ | (393,627) |  |  | $ | 1,008,648 |  |  | $ | (359,164) |
Amortization expense related to intangible assets which are subject to amortization totaled $34.7 million, $35.2 million and $33.7 million for the years ending December 31, 2024, 2023 and 2022, respectively, and is included as a reduction of revenue (for amortization related to our sales representation, marketing and promotional rights) and in selling and administrative expense (for all other intangible assets) in the consolidated statements of comprehensive income (loss). The estimated amortization expense related to intangible assets at December 31, 2024 for each of the five succeeding years is as follows:
| Amortization included in expense |  | Amortization recorded as a reduction of revenue |  | Total
2025 | $ | 29,492 |  |  | $ | 6,000 |  |  | $ | 35,492 |
2026 | 29,636 |  |  | 6,000 |  |  | 35,636 |
2027 | 30,693 |  |  | 6,000 |  |  | 36,693 |
2028 | 33,822 |  |  | 6,000 |  |  | 39,822 |
2029 | 33,037 |  |  | 6,000 |  |  | 39,037 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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