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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill for the three months ended March 31, 2023 by reporting segment are as follows:
Aptar
Pharma
Aptar
Beauty
Aptar ClosuresTotal
Balance as of December 31, 2022$498,742 $319,011 $127,879 $945,632 
Reclassification due to segment change— (39,472)39,472 — 
Acquisition— 3,549 239 3,788 
Foreign currency exchange effects4,663 1,330 189 6,182 
Balance as of March 31, 2023$503,405 $284,418 $167,779 $955,602 
The table below shows a summary of intangible assets as of March 31, 2023 and December 31, 2022.
March 31, 2023December 31, 2022
Weighted Average Amortization Period (Years)Gross
Carrying
Amount
Accumulated
Amortization
Net
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net
Value
Amortized intangible assets:
Patents8.8$8,133 $(2,141)$5,992 $8,044 $(1,968)$6,076 
Acquired technology11.4139,729 (60,291)79,438 135,191 (56,628)78,563 
Customer relationships13.4307,992 (105,722)202,270 305,994 (99,130)206,864 
Trademarks and trade names7.244,657 (29,877)14,780 43,998 (28,190)15,808 
License agreements and other38.915,540 (7,212)8,328 15,425 (6,992)8,433 
Total intangible assets13.2$516,051 $(205,243)$310,808 $508,652 $(192,908)$315,744 
Aggregate amortization expense for the intangible assets above for the three months ended March 31, 2023 and 2022 was $10,963 and $11,027, respectively.
Future estimated amortization expense for the years ending December 31 is as follows:
2023$33,697 
(remaining estimated amortization for 2023)
202441,457 
202539,971 
202637,519 
202724,778 
Thereafter133,386 
Future amortization expense may fluctuate depending on changes in foreign currency rates. The estimates for amortization expense noted above are based upon foreign exchange rates as of March 31, 2023.