BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment, Estimated Useful Lives

Depreciation of plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets as follows:


Buildings			15-25 years
Equipment			2-28 years

Summary of Goodwill

The Company had goodwill in the amount of $529,463 and $523,998 as of December 31, 2020 and December 31, 2019, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”


Goodwill at December 31, 2018	$	447,995
Goodwill as a result of the Acquisitions - see Note 2	77,392
Impact due to change in foreign exchange rates	(1,389)
Goodwill at December 31, 2019	523,998
Goodwill as a result of the Acquisitions – see Note 2	432
Goodwill impairment - see Note 6	(1,228)
Impact due to change in foreign exchange rates	6,261
Goodwill at December 31, 2020	$	529,463


	December 31, 2020		December 31, 2019
HNH	$	424,051	$	423,600
ANH	17,824		17,189
Specialty Products	87,539		81,981
Other and Unallocated	49		1,228
Total	$	529,463	$	523,998

Intangible Assets, Estimated Useful Lives

The following intangible assets with finite lives are stated at cost and are amortized either on an accelerated basis or on a straight-line basis over the following estimated useful lives:


						Amortization Period (in years)
Customer relationships and lists						10 - 20
Trademarks & trade names						2 - 17
Developed technology						5 - 12
Regulatory registration costs						5 - 10
Patents & trade secrets						15 - 17
Other						3 - 18