INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets

The Company's intangible assets at March 31, 2017 and December 31, 2016 consisted of the following (in thousands): 

	March 31, 2017							December 31, 2016
	Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Gross  Carrying  Amount		Accumulated Amortization			Net  Carrying  Amount		Amortization Period	Weighted  Average  Useful Life
Supply and distribution agreements	$	812,361	$	(287,948	)	$	524,413	$	809,287	$	(270,813	)	$	538,474	3 - 20 years	16 years
Technology	112,451		(85,670		)	26,781		112,141		(80,549		)	31,592		1 - 5 years	5 years
Patents	1,623		(1,608		)	15		1,623		(1,598		)	25		15 years	15 years
Internet domain names	40,047		(26,394		)	13,653		39,495		(25,089		)	14,406		2 - 20 years	8 years
Trade names	1,667,686		(282,322		)	1,385,364		1,667,221		(261,412		)	1,405,809		4-20 years	20 years
Non-compete agreements	21,900		(20,127		)	1,773		21,900		(18,321		)	3,579		3-4 years	3 years
Total intangible assets	$	2,656,068	$	(704,069	)	$	1,951,999	$	2,651,667	$	(657,782	)	$	1,993,885

Annual estimated amortization expense for intangible assets for the remainder of 2017, the next five years and thereafter

The amortization expense for intangible assets for the remainder of 2017, the annual expense for the next five years, and the expense thereafter is expected to be as follows (in thousands): 

Remainder of 2017	$	119,143
2018	141,951
2019	130,759
2020	123,903
2021	119,095
2022	117,966
Thereafter	1,199,182
	$	1,951,999

Goodwill

The change in goodwill for the three months ended March 31, 2017 consists of the following (in thousands): 

Balance at December 31, 2016	$	2,396,906
Currency translation adjustments	5,400
Balance at March 31, 2017	$	2,402,306