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GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

10.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the nine-months ended September 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 September 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 September 30, 2022	$	693,644	$	637,999	$	81,298	$	—	$	1,412,941

Intangible assets consist of the following at:


	September 30,		December 31,
	2023		2022
Amortizing intangibles	$	144,378	$	121,378
Accumulated amortization		(73,007)		(68,790)
		71,371		52,588
Non-amortizing intangibles		1,388,076		1,167,822
	$	1,459,447	$	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 $1.3 million and $2.0 million for the three-months ended September 30, 2023 and 2022, respectively. Total amortization expense was $4.2 million and $5.6 million for the nine-months ended September 30, 2023 and 2022, respectively. For the three-months ended September 30, 2023, no intangible impairments were recorded. For the nine-months ended September 30, 2023, impairment charges of $2.8 million were recorded to non-amortizing intangibles. For the three- and nine-months ended September 30, 2022, no intangible impairments were recorded.

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


2023 (from October 1, 2023 to December 31, 2023)	$	1,487
2024		5,948
2025		5,947
2026		5,947
2027		5,946
2028 and thereafter		46,096
	$	71,371