GOODWILL AND OTHER INTANGIBLES ASSETS

12 Months Ended

Dec. 31, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS.

8. GOODWILL AND OTHER INTANGIBLES ASSETS

The following is a roll-forward of goodwill for the year ended December 31, 2015 by reportable segment:

	Finished Products		Concentrate		Total
Balance at December 31, 2014	$	-	$	-	$	-
Acquisitions	641,716		637,999		1,279,715

Balance at December 31, 2015	$	641,716	$	637,999	$	1,279,715

Intangible assets consist of the following at:

	December 31, 2015		December 31, 2014
Amortizing intangibles	$	35,263	$	233
Accumulated amortization	(3,899)		(50)

	31,364		183
Non-amortizing intangibles	396,622		50,565

	$	427,986	$	50,748

During the fourth quarter of 2015, the Company finalized its goodwill allocation by reporting unit in connection with the final TCCC Transaction purchase price allocation.

Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally 5 years. Total amortization expense recorded was $3.9 million, $0.4 million and $0.05 million for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, future estimated amortization expense related to amortizing intangibles through the year ending December 31, 2019 is approximately $7.0 million per year and $3.0 million for the year ending December 31, 2020.

At December 31, 2015, non-amortizing intangibles primarily consist of indefinite-lived tradenames. At December 31, 2014, $18.0 million of non-amortizing intangibles and $0.1 million of amortizing intangibles (net of accumulated amortization) divested under the TCCC Transaction are included in intangibles held-for-sale in the accompanying consolidated balance sheet at December 31, 2014.