Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Estimated Useful Lives for Intangible Assets

We provide for amortization primarily using the straight-line method by charges to income in amounts that allocate the intangible assets over their estimated useful lives as follows:



Asset Classification		Estimated Useful Life

Customer-related intangible assets ⁽¹⁾		3 to 17 years
Product rights ⁽²⁾		5 to 15 years
Noncompete agreements		3 to 5 years


(1)	Customer-related intangible assets are comprised of customer lists and customer relationships acquired from third parties.

(2)

Product rights comprise certain technologies, intellectual property, licenses, and trade names acquired from third parties.

Schedule of Intangible Assets Other Than Goodwill

Intangible assets other than goodwill consisted of the following:



(in thousands)	December 31, 2019						December 31, 2018
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Customer-related intangible assets ⁽¹⁾	$	99,301	$	46,801	$	52,500	$	77,015	$	43,352	$	33,663
Product rights ⁽²⁾	16,130		10,214		5,916		27,060		19,153		7,907
Noncompete agreements	170		118		52		856		601		255
	$	115,601	$	57,133	$	58,468	$	104,931	$	63,106	$	41,825

The above table excludes fully amortized intangible assets for the periods presented.


(1)	Customer-related intangible assets are comprised of customer lists and customer relationships acquired from third parties.


(2)	Product rights comprise certain technologies, intellectual property, licenses, and trade names acquired from third parties.

Schedule of Expected Amortization Expense

At December 31, 2019, the aggregate amortization expense associated with intangible assets is estimated to be as follows for each of the next five years and thereafter:



(in thousands)	Amortization Expense

2020	$	9,782
2021	8,915
2022	7,697
2023	5,905
2024	4,917
Thereafter	21,252
	$	58,468

Schedule of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2019, 2018 and 2017, were as follows:



(in thousands)	CAG			Water			LPD			Other		Consolidated Total
Balance as of December 31, 2016	$	146,194		$	10,890		$	14,613		$	6,531	$	178,228
Business combinations	13,541			—			—			—		13,541
Impact of changes in foreign currency exchange rates	6,501			1,061			542			—		8,104
Balance as of December 31, 2017	$	166,236		$	11,951		$	15,155		$	6,531	$	199,873
Business combinations	20,282			—			—			—		20,282
Impact of changes in foreign currency exchange rates	(4,132		)	(730		)	(804		)	—		(5,666		)
Balance as of December 31, 2018	$	182,386		$	11,221		$	14,351		$	6,531	$	214,489
Business combinations	24,826			—			—			—		24,826
Impact of changes in foreign currency exchange rates	138			390			(119		)	—		409
Balance as of December 31, 2019	$	207,350		$	11,611		$	14,232		$	6,531	$	239,724