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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill since January 1, 2015, by reportable segment and for the "Other” category, were as follows:

 

In thousands

 

 

 

Domestic Regulated Waste and Compliance Services

 

 

International Regulated Waste and Compliance Services

 

 

Other

 

 

Total

 

Balance as of January 1, 2015

 

$

1,467,969

 

 

$

614,783

 

 

$

336,080

 

 

$

2,418,832

 

Goodwill acquired during the year

 

 

1,150,437

 

 

 

273,519

 

 

 

26,994

 

 

 

1,450,950

 

Purchase accounting allocation adjustments for prior year acquisitions

 

 

(6,221

)

 

 

(19,072

)

 

 

(2,984

)

 

 

(28,277

)

Goodwill other changes

 

 

 

 

 

(440

)

 

 

 

 

 

(440

)

Changes due to foreign currency fluctuations

 

 

 

 

 

(82,888

)

 

 

 

 

 

(82,888

)

Balance as of December 31, 2015

 

 

2,612,185

 

 

 

785,902

 

 

 

360,090

 

 

 

3,758,177

 

Goodwill acquired during the year

 

 

33,041

 

 

 

4,422

 

 

 

2,873

 

 

 

40,336

 

Purchase accounting allocation adjustments for prior year acquisitions

 

 

(74,193

)

 

 

(103,398

)

 

 

(2,663

)

 

 

(180,254

)

Changes due to foreign currency fluctuations

 

 

 

 

 

(21,360

)

 

 

 

 

 

(21,360

)

Balance at September 30, 2016

 

$

2,571,033

 

 

$

665,566

 

 

$

360,300

 

 

$

3,596,899

 

 

Carrying Values of Other Intangible assets

At September 30, 2016 and December 31, 2015, the values of other intangible assets were as follows:

 

In thousands

 

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

1,579,988

 

 

$

241,368

 

 

$

1,338,620

 

 

$

1,304,388

 

 

$

144,020

 

 

$

1,160,368

 

Covenants not-to-compete

 

 

10,561

 

 

 

6,501

 

 

 

4,060

 

 

 

6,878

 

 

 

5,141

 

 

 

1,737

 

Tradenames

 

 

9,088

 

 

 

1,797

 

 

 

7,291

 

 

 

3,819

 

 

 

948

 

 

 

2,871

 

Other

 

 

19,005

 

 

 

2,924

 

 

 

16,081

 

 

 

18,902

 

 

 

916

 

 

 

17,986

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

 

242,281

 

 

 

 

 

 

242,281

 

 

 

233,101

 

 

 

 

 

 

233,101

 

Tradenames

 

 

318,776

 

 

 

 

 

 

318,776

 

 

 

426,498

 

 

 

 

 

 

426,498

 

Total

 

$

2,179,699

 

 

$

252,590

 

 

$

1,927,109

 

 

$

1,993,586

 

 

$

151,025

 

 

$

1,842,561

 

 

Changes in the Carrying Amount of Intangible Assets

The changes in the carrying amount of intangible assets since January 1, 2015 were as follows:

 

In thousands

 

 

 

Total

 

Balance as of January 1, 2015

 

$

909,645

 

Intangible assets acquired during the year

 

 

1,016,775

 

Valuation adjustments for prior year acquisitions

 

 

35,241

 

Impairments during the year

 

 

(4,177

)

Amortization during the year

 

 

(45,498

)

Changes due to foreign currency fluctuations

 

 

(69,425

)

Balance as of December 31, 2015

 

 

1,842,561

 

Intangible assets acquired during the year

 

 

23,235

 

Valuation adjustments for prior year acquisitions

 

 

178,621

 

Impairments during the year

 

 

(4

)

Amortization during the year

 

 

(102,311

)

Changes due to foreign currency fluctuations

 

 

(14,993

)

Balance at September 30, 2016

 

$

1,927,109

 

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years, assuming no additional amortizable intangible assets, is as follows for the years ended December 31:

 

In thousands

 

2016

 

$

132,122

 

2017

 

 

118,850

 

2018

 

 

118,788

 

2019

 

 

117,964

 

2020

 

 

116,353