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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets
The Company's intangible assets at December 31, 2017 and 2016 consisted of the following (in thousands):
 
 
December 31, 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
$
1,056,660

 
$
(355,000
)
 
$
701,660

 
$
809,287

 
$
(270,813
)
 
$
538,474

 
3 - 20 years
 
16 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology
137,288

 
(104,478
)
 
32,810

 
112,141

 
(80,549
)
 
31,592

 
 1 - 5 years
 
5 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
1,623

 
(1,623
)
 

 
1,623

 
(1,598
)
 
25

 
15 years
 
15 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Internet domain names
42,265

 
(28,802
)
 
13,463

 
39,495

 
(25,089
)
 
14,406

 
5 - 20 years
 
8 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
1,779,076

 
(350,447
)
 
1,428,629

 
1,667,221

 
(261,412
)
 
1,405,809

 
4-20 years
 
19 years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-compete agreements
21,900

 
(21,639
)
 
261

 
21,900

 
(18,321
)
 
3,579

 
3-4 years
 
3 years
Total intangible assets
$
3,038,812

 
$
(861,989
)
 
$
2,176,823

 
$
2,651,667

 
$
(657,782
)
 
$
1,993,885

 
 
 
 
Annual estimated amortization expense for intangible assets for the next five years and thereafter
The annual estimated amortization expense for intangible assets for the next five years and thereafter is expected to be as follows (in thousands):
 
2018
$
172,393

2019
160,864

2020
152,868

2021
146,695

2022
143,862

Thereafter
1,400,141

 
$
2,176,823

Goodwill
A roll-forward of goodwill for the years ended December 31, 2017 and 2016 consisted of the following (in thousands):
 
 
2017
 
2016
Balance, beginning of year
$
2,396,906

 
$
3,375,000

Acquisitions
294,200

 

Impairment

 
(940,700
)
Currency translation adjustments
46,565

 
(37,394
)
Balance, end of year
$
2,737,671

 
$
2,396,906