GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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


	Year Ended December 31, 2020
	EES		CSS		UBS		Total
	(In thousands)
Beginning balance January 1, 2020	$	573,447	$	235,711	$	949,882	$	1,759,040
Adjustments to goodwill for acquisitions (Note 6)(1) (2) (3) (4)	264,538		868,936		250,553		1,384,027
Foreign currency exchange rate changes	15,471		10,853		17,778		44,102
Ending balance December 31, 2020(4)	$	853,456	$	1,115,500	$	1,218,213	$	3,187,169

(1) Adjustments to goodwill include the final allocation of the purchase price paid for SLS, which is reflected in the EES segment.

(2) Adjustments to goodwill include an increase of $33.9 million resulting from the out-of-period adjustment related to inventory cost absorption accounting, as described in Note 2, "Accounting Policies", which affected the EES, CSS and UBS segments by $20.2 million, $2.0 million, and $11.7 million, respectively.

(3) The effect of the merger with Anixter on the Company's reportable segments is disclosed in Note 17, "Business Segments".

(4) Adjustments to goodwill include $26.1 million that is classified as held for sale on the UBS segment , as disclosed in Note 7, "Assets and Liabilities Held for Sale".


	Year Ended December 31, 2019
	EES		CSS		UBS		Total
	(In thousands)
Beginning balance January 1, 2019	$	542,704	$	234,449	$	945,450	$	1,722,603
Adjustments to goodwill for acquisitions (Note 6)	5,767		—		—		5,767
Foreign currency exchange rate changes	24,976		1,262		4,432		30,670
Ending balance December 31, 2019	$	573,447	$	235,711	$	949,882	$	1,759,040

Schedule of Intangible Assets by Major Class

The components of intangible assets are as follows:


		December 31, 2020						December 31, 2019
	Life (in years)	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	$	833,793	$	—	$	833,793	$	98,699	$	—	$	98,699
Customer relationships(2)	10 - 20	1,434,554		(227,585)		1,206,969		358,341		(201,962)		156,379
Distribution agreements(2)	10 - 19	29,212		(21,040)		8,172		37,371		(25,294)		12,077
Trademarks(2)	10 - 15	24,898		(11,415)		13,483		24,800		(9,319)		15,481
Non-compete agreements	2 - 5	4,462		(1,384)		3,078		196		(180)		16
Patents	10	—		—		—		48,310		(43,687)		4,623
		$	2,326,919	$	(261,424)	$	2,065,495	$	567,717	$	(280,442)	$	287,275

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

(2)The net carrying amount as of December 31, 2020 excludes $1.0 million of trademarks, $3.3 million of customer relationships and $1.4 million of distribution agreements that are classified as held for sale, as disclosed in Note 7, "Assets and Liabilities Held for Sale".

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)
2021	$	86,619
2022	83,628
2023	81,400
2024	80,087
2025	76,829
Thereafter	823,139