XML 34 R16.htm IDEA: XBRL DOCUMENT v3.25.0.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The Company had goodwill in the amount of $780,030 and $778,907 as of December 31, 2024 and 2023, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The increase in goodwill is primarily due to an acquisition, partially offset by foreign currency translation adjustments.
Goodwill at December 31, 2022$769,509 
Goodwill as a result of an acquisition341 
Impact due to change in foreign exchange rates9,057 
Goodwill at December 31, 2023778,907 
Goodwill as a result of an acquisition19,376 
Impact due to change in foreign exchange rates(18,253)
Goodwill at December 31, 2024$780,030 

 December 31, 2024December 31, 2023
HNH$678,275 $673,207 
ANH23,974 24,469 
Specialty Products77,732 81,175 
Other and Unallocated49 56 
Total$780,030 $778,907 

As of December 31, 2024 and 2023, the Company had identifiable intangible assets as follows:
20242023
 Amortization
Period
(In years)		Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount
Accumulated
Amortization
Customer relationships and lists
10-20
$354,051 $221,567 $362,032 $209,651 
Trademarks and trade names
2-17
50,971 41,417 50,286 37,773 
Developed technology
5-12
40,074 20,362 41,184 17,516 
Other
2-18
25,154 21,854 25,733 23,083 
  $470,250 $305,200 $479,235 $288,023 

Amortization of identifiable intangible assets was $19,244, $28,035 and $27,271 for 2024, 2023 and 2022, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense is approximately $16,417 in 2025, $16,334 in 2026, $15,816 in 2027, $15,419 in 2028, and $15,017 in 2029. At December 31, 2024 and 2023, 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 2024 and 2023.

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 in other in the table above.