INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETSThe Company had goodwill in the amount of $525,419 and $529,463 as of September 30, 2021 and December 31, 2020, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The decrease in goodwill is due to foreign exchange translation adjustments.

Identifiable intangible assets with finite lives at September 30, 2021 and December 31, 2020 are summarized as follows:

	Amortization Period (in years)	Gross Carrying Amount at 9/30/2021		Accumulated Amortization at 9/30/2021		Gross Carrying Amount at 12/31/2020		Accumulated Amortization at 12/31/2020
Customer relationships & lists	10-20	$	240,992	$	169,690	$	243,557	$	158,051
Trademarks & trade names	2-17	43,140		28,047		43,208		24,974
Developed technology	5-12	20,288		14,409		20,437		13,693
Other	2-18	23,554		14,545		22,861		11,685
		$	327,974	$	226,691	$	330,063	$	208,403

Amortization of identifiable intangible assets was approximately $6,155 and $18,868 for the three and nine months ended September 30, 2021, respectively, and $6,911 and $20,875 for the three and nine months ended September 30, 2020, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $6,134 for the remainder of 2021, $22,999 for 2022, $19,407 for 2023, $10,573 for 2024, $6,327 for 2025 and $4,986 for 2026. At September 30, 2021 and 2020, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” in the Company’s condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the nine months ended September 30, 2021 and 2020.