GOODWILL (Notes)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill

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

	Six Months Ended
	June 30, 2022
	EES		CSS		UBS		Total
	(In thousands)
Beginning balance, January 1	$	860,958	$	1,121,712	$	1,225,663	$	3,208,333
Foreign currency exchange rate changes	(9,083)		(4,356)		(4,217)		(17,656)
Ending balance, June 30	$	851,875	$	1,117,356	$	1,221,446	$	3,190,677

Intangible Assets

The components of intangible assets are as follows:

		As of
		June 30, 2022						December 31, 2021
	Life (in years)	Gross Carrying Amount (1)		Accumulated Amortization (1)		Net Carrying Amount		Gross Carrying Amount (1)		Accumulated Amortization (1)		Net Carrying Amount
Intangible assets:		(In thousands)
Trademarks	Indefinite	$	794,230	$	—	$	794,230	$	795,065	$	—	$	795,065
Customer relationships	10 - 20	1,423,852		(344,075)		1,079,777		1,431,251		(308,180)		1,123,071
Distribution agreements	15 - 19	29,212		(23,547)		5,665		29,212		(22,714)		6,498
Trademarks	5 - 12	15,543		(6,304)		9,239		38,758		(20,058)		18,700
Non-compete agreements	2	—		—		—		4,300		(3,493)		807
		$	2,262,837	$	(373,926)	$	1,888,911	$	2,298,586	$	(354,445)	$	1,944,141

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

Amortization expense related to intangible assets totaled $24.7 million and $27.1 million for the three months ended June 30, 2022 and 2021, respectively, and $50.4 million and $48.7 million for the six months ended June 30, 2022 and 2021, respectively.

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

For the year ending December 31,	(In thousands)
2022	$	41,909
2023	82,942
2024	80,497
2025	77,394
2026	71,956
Thereafter	739,983