GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

9.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the six-months ended June 30, 2023 and 2022 by reportable segment:

	Monster
	Energy®		Strategic		Alcohol
	Drinks		Brands		Brands		Other		Total
Balance at December 31, 2022	$	693,644	$	637,999	$	86,298	$	—	$	1,417,941
Acquisitions		—		—		—		—		—
Balance at June 30, 2023	$	693,644	$	637,999	$	86,298	$	—	$	1,417,941

	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 June 30, 2022	$	693,644	$	637,999	$	81,298	$	—	$	1,412,941

Intangible assets consist of the following at:

	June 30,		December 31,
	2023		2022
Amortizing intangibles	$	121,378	$	121,378
Accumulated amortization		(71,712)		(68,790)
		49,666		52,588
Non-amortizing intangibles		1,174,434		1,167,822
	$	1,224,100	$	1,220,410

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 was $0.9 million and $2.0 million for the three-months ended June 30, 2023 and 2022, respectively. Total amortization expense was $2.9 million and $3.5 million for the six-months ended June 30, 2023 and 2022, respectively. For the three- and six-months ended June 30, 2023, impairment charges of $2.8 million and $2.8 million, respectively, were recorded to non-amortizing intangibles. For the three- and six-months ended June 30, 2022, no intangible impairments were recorded.

The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2023:

2023 (from July 1, 2023 to December 31, 2023)	$	1,824
2024		3,648
2025		3,647
2026		3,647
2027		3,646
2028 and thereafter		33,254
	$	49,666