GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table sets forth the changes in the carrying value of goodwill:

	Year Ended December 31,
	2019		2018
	(In thousands)
Beginning balance January 1	$	1,722,603	$	1,771,877
Foreign currency exchange rate changes	30,670		(49,274		)
Adjustments to goodwill for acquisitions	5,767		—
Ending balance December 31	$	1,759,040	$	1,722,603

Schedule of Intangible Assets by Major Class

The components of intangible assets are as follows:

		December 31, 2019							December 31, 2018
	Life	Gross Carrying Amount (1)		Accumulated Amortization (1)			Net Carrying Amount		Gross Carrying Amount (1)		Accumulated Amortization (1)			Net Carrying Amount
		(In thousands)
Intangible assets:
Trademarks	Indefinite	$	98,699	$	—		$	98,699	$	96,260	$	—		$	96,260
Trademarks	10-15	24,800		(9,319		)	15,481		25,185		(7,585		)	17,600
Non-compete agreements	5	196		(180		)	16		196		(141		)	55
Customer relationships	10-20	358,341		(201,962		)	156,379		358,620		(180,395		)	178,225
Distribution agreements	10-19	37,371		(25,294		)	12,077		36,984		(22,562		)	14,422
Patents	10	48,310		(43,687		)	4,623		48,310		(38,856		)	9,454
		$	567,717	$	(280,442	)	$	287,275	$	565,555	$	(249,539	)	$	316,016

⁽¹⁾ 

Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.

Schedule of Expected Amortization Expense

The following table sets forth the estimated amortization expense for intangible assets for the next five years and thereafter:

For the year ending December 31,	(In thousands)
2020	$	34,037
2021	26,387
2022	23,903
2023	23,311
2024	19,863
Thereafter	61,075