INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

The Company's intangible assets at June 30, 2017 and December 31, 2016 consisted of the following (in thousands): 

	June 30, 2017							December 31, 2016
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Amortization Period	Weighted  Average  Useful Life
Supply and distribution agreements	$	825,029	$	(312,144	)	$	512,885	$	809,287	$	(270,813	)	$	538,474	3 - 20 years	16 years
Technology	113,535		(91,568		)	21,967		112,141		(80,549		)	31,592		1 - 5 years	5 years
Patents	1,623		(1,617		)	6		1,623		(1,598		)	25		15 years	15 years
Internet domain names	43,100		(28,828		)	14,272		39,495		(25,089		)	14,406		2 - 20 years	8 years
Trade names	1,669,503		(304,241		)	1,365,262		1,667,221		(261,412		)	1,405,809		4-20 years	20 years
Non-compete agreements	21,900		(21,525		)	375		21,900		(18,321		)	3,579		3-4 years	3 years
Total intangible assets	$	2,674,690	$	(759,923	)	$	1,914,767	$	2,651,667	$	(657,782	)	$	1,993,885

Annual estimated amortization expense for intangible assets for the remainder of 2017, the next five years and thereafter

The amortization expense for intangible assets for the remainder of 2017, the annual expense for the next five years, and the expense thereafter is expected to be as follows (in thousands): 

Remainder of 2017	$	78,747
2018	142,873
2019	131,508
2020	124,427
2021	119,368
2022	118,157
Thereafter	1,199,687
	$	1,914,767

Goodwill

The change in goodwill for the six months ended June 30, 2017 consisted of the following (in thousands): 

Balance at December 31, 2016	$	2,396,906
Foreign currency translation adjustments	21,724
Balance at June 30, 2017	$	2,418,630