INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETSThe Company had goodwill in the amount of $749,035 and $523,949 as of September 30, 2022 and December 31, 2021, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The increase in goodwill is the result of the acquisitions of Kappa and Bergstrom, partially offset by the change due to foreign exchange translation adjustments. Refer to Note 2, "Significant Acquisitions", for more information.

Identifiable intangible assets with finite lives at September 30, 2022 and December 31, 2021 are summarized as follows:


	Amortization Period (in years)	Gross Carrying Amount at 9/30/2022		Accumulated Amortization at 9/30/2022		Gross Carrying Amount at 12/31/2021		Accumulated Amortization at 12/31/2021
Customer relationships & lists	10-20	$	361,747	$	185,381	$	240,059	$	173,489
Trademarks & trade names	2-17	50,487		32,285		43,116		28,985
Developed technology	5-12	40,816		15,524		20,234		14,607
Other	2-18	24,600		17,137		23,921		15,584
		$	477,650	$	250,327	$	327,330	$	232,665

Amortization of identifiable intangible assets was approximately $7,922 and $19,683 for the three and nine months ended September 30, 2022, respectively, and $6,155 and $18,868 for the three and nine months ended September 30, 2021, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $5,300 for the remainder of 2022, $30,188 for 2023, $21,740 for 2024, $17,906 for 2025, $17,362 for 2026 and $16,553 for 2027. At September 30, 2022 and December 31, 2021, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” in the Company’s condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the nine months ended September 30, 2022 and 2021.