INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The Company had goodwill in the amount of $523,949 and $529,463 as of December 31, 2021 and 2020, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The decrease in goodwill is due to foreign exchange translation adjustments.

As of December 31, 2021 and 2020, the Company had identifiable intangible assets as follows:


		2021				2020
	Amortization Period (In years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships & lists	10-20	$	240,059	$	173,489	$	243,557	$	158,051
Trademarks & trade names	2-17	43,116		28,985		43,208		24,974
Developed technology	5-12	20,234		14,607		21,674		13,693
Other	2-18	23,921		15,584		21,624		11,685
		$	327,330	$	232,665	$	330,063	$	208,403

Amortization of identifiable intangible assets was $25,092, $27,811 and $25,789 for 2021, 2020 and 2019, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense is approximately $23,641 in 2022, $19,566 in 2023, $10,682 in 2024, $6,413 in 2025, and $5,083 in 2026. At December 31, 2021 and 2020, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350, “Intangibles-Goodwill and Other.” Identifiable intangible assets are reflected in the Company’s consolidated balance sheets under Intangible assets with finite lives, net. There were no changes to the useful lives of intangible assets subject to amortization in 2021 and 2020.

The Federal Insecticide, Fungicide and Rodenticide Act, (“FIFRA”), a health and safety statute, requires that certain products within our specialty products segment must be registered with the U.S. Environmental Protection Agency (the "EPA") because they are considered pesticides. Costs of such registrations are included as other in the table above.