GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

10.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the nine-months ended September 30, 2022 and 2021 by reportable segment:

	Monster
	Energy®		Strategic		Alcohol
	Drinks		Brands		Brands		Other		Total
Balance at December 31, 2021	$	693,644	$	637,999	$	—	$	—	$	1,331,643
Acquisitions		—		—		81,298		—		81,298
Balance at September 30, 2022	$	693,644	$	637,999	$	81,298	$	—	$	1,412,941

	Monster
	Energy®		Strategic		Alcohol
	Drinks		Brands		Brands		Other		Total
Balance at December 31, 2020	$	693,644	$	637,999	$	—	$	—	$	1,331,643
Acquisitions		—		—		—		—		—
Balance at September 30, 2021	$	693,644	$	637,999	$	—	$	—	$	1,331,643

Intangible assets consist of the following at:

	September 30,		December 31,
	2022		2021
Amortizing intangibles	$	121,372	$	66,872
Accumulated amortization		(66,781)		(61,227)
		54,591		5,645
Non-amortizing intangibles		1,171,235		1,066,741
	$	1,225,826	$	1,072,386

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 five to fifteen years. Total amortization expense recorded was $2.0 million and $1.1 million for the three-months ended September 30, 2022 and 2021, respectively. Total amortization expense recorded was $5.6 million and $3.3 million for the nine-months ended September 30, 2022 and 2021, respectively.

The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2022:

2022 (from October 1, 2022 to December 31, 2022)	$	2,010
2023		4,745
2024		3,647
2025		3,647
2026		3,646
2027 and thereafter		36,896
	$	54,591