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Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS The Company performed its annual goodwill impairment test during the third quarter of 2022. The Company performed a qualitative assessment of each reporting unit and determined that it was not more-likely-than-not that the fair value of any reporting unit was less than its carrying amount. As a result, no impairments of goodwill were recognized in 2022 and 2021. The Company also performed its annual indefinite-lived intangible asset impairment test during the third quarter of 2022. The Company performed a qualitative assessment of the indefinite-lived intangible assets and determined that it was not more-likely-than-not that the fair value of any indefinite-lived intangible asset was less than the carrying amount. As a result, no impairments of indefinite-lived intangible assets were recognized in 2022 and 2021. The changes in the carrying amount of goodwill are as follows:
| December 31, 2022 |  | January 1, 2022
Balance at beginning of year: |  |  |
Gross goodwill | $ | 17,668 |  |  | $ | 17,367 |
Goodwill as of beginning of year | 17,668 |  |  | 17,367 |
Goodwill acquired during the year | 582 |  |  | — |
Currency translation adjustment | (882) |  |  | 301 |
Balance as of end of year |  |  |
Gross goodwill | 17,368 |  |  | 17,668 |
Goodwill as of end of year | $ | 17,368 |  |  | $ | 17,668 |
Intangible assets consist of the following:
| As of December 31, 2022 |  |
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Weighted-average amortization period (years)
Amortized intangible assets |  |  |  |  |  |  |
Trade name and trademarks | $ | 2,285 |  |  | $ | (114) |  |  | $ | 2,171 |  |  | 10
Product formulas | 8,701 |  |  | (7,983) |  |  | 718 |  |  | 8
Customer relationships | 3,313 |  |  | (414) |  |  | 2,899 |  |  | 4
Non-compete agreements | 467 |  |  | (61) |  |  | 406 |  |  | 4
Indefinite-lived intangible assets |  |  |  |  |  |  |
Direct sales license | 26,238 |  |  |  |  | 26,238 |  |  |
| $ | 41,004 |  |  |  |  | $ | 32,432 |  |  |
Estimated Amortization Expense: |  |
2023 |  | $ | 1,843 |
2024 |  | 1,224 |
2025 |  | 1,154 |
2026 |  | 692 |
2027 |  | 253 |
Thereafter |  | 1,028 |
|  | $ | 6,194 |
| As of January 1, 2022 |  |
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Weighted-average amortization period (years)
Amortized intangible assets |  |  |  |  |  |  |
Trade name and trademarks | $ | 4,173 |  |  | $ | (4,173) |  |  | $ | — |  |  | 10
Product formulas | 9,440 |  |  | (7,462) |  |  | 1,978 |  |  | 8
Indefinite-lived intangible assets |  |  |  |  |  |  |
Direct sales license | 28,464 |  |  |  |  | 28,464 |  |  |
| $ | 42,077 |  |  |  |  | $ | 30,442 |  |  |
Aggregate amortization of intangible assets was $1,723, $1,182, and $1,326 for the years ended 2022, 2021, and 2020, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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