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BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

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

Property, plant and equipment at December 31, 2021 and 2020 are summarized as follows:


	2021		2020
Land	$	11,692	$	12,215
Building	89,602		86,873
Equipment	253,995		247,884
Construction in progress	52,930		31,240
	408,219		378,212
Less: Accumulated depreciation	170,702		150,116
Property, plant and equipment, net	$	237,517	$	228,096

Summary of Goodwill

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.”


Goodwill at December 31, 2019	$	523,998
Goodwill as a result of Zumbro Acquisition	432
Goodwill impairment	(1,228)
Impact due to change in foreign exchange rates	6,261
Goodwill at December 31, 2020	529,463
Impact due to change in foreign exchange rates	(5,514)
Goodwill at December 31, 2021	$	523,949


	December 31, 2021		December 31, 2020
HNH	$	424,044	$	424,051
ANH	17,207		17,824
Specialty Products	82,654		87,539
Other and Unallocated	44		49
Total	$	523,949	$	529,463

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						2 - 18

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