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GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in goodwill by segment for the six months ended June 30, 2020 were as follows (in thousands):
Environmental ServicesSafety-KleenTotals
Balance at January 1, 2020$212,531  $312,482  $525,013  
Increase from current period acquisition—  1,487  1,487  
Measurement period adjustments from prior period acquisitions23  —  23  
Decrease from disposition of businesses(674) —  (674) 
Foreign currency translation(1,263) (1,432) (2,695) 
Balance at June 30, 2020$210,617  $312,537  $523,154  
The Company assesses goodwill for impairment on an annual basis as of December 31 or at an interim date when events or changes in the business environment ("triggering events") would more likely than not reduce the fair value of a reporting unit below its carrying value. During the period ended June 30, 2020, the Company considered the effects of COVID-19 and evolving changes in demand and pricing for oil, but concluded that there were no triggering events requiring an impairment assessment. This conclusion was based on a qualitative analysis incorporating (i) the significant excess fair value that previously existed in each reporting unit and (ii) assessing the current and long-term performance of the Company given the expectation that these negative effects on the operations and cash flows of each reporting unit arising from COVID-19 related disruptions will be short-lived.
The Company continues to evaluate the impact of macroeconomic conditions including, but not limited to, the impact of the COVID-19 pandemic on the Company, customers and the greater economy as well as the impact on trends of oil demand. If these macroeconomic conditions are protracted or result in significant changes in demand for our products and services, a goodwill impairment might be identified and the amount might be material.
As of June 30, 2020 and December 31, 2019, the Company's intangible assets consisted of the following (in thousands):
June 30, 2020December 31, 2019
CostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Permits$182,689  $90,360  $92,329  $184,235  $87,228  $97,007  
Customer and supplier relationships
388,341  207,604  180,737  401,696  207,884  193,812  
Other intangible assets
37,480  32,561  4,919  38,331  33,018  5,313  
Total amortizable permits and other intangible assets
608,510  330,525  277,985  624,262  328,130  296,132  
Trademarks and trade names
122,463  —  122,463  122,934  —  122,934  
Total permits and other intangible assets
$730,973  $330,525  $400,448  $747,196  $328,130  $419,066  
Amortization expense of permits and other intangible assets was $8.8 million and $18.0 million in the three and six months ended June 30, 2020, respectively. Amortization expense of permits and other intangible assets was $8.7 million and $18.2 million in the three and six months ended June 30, 2019, respectively.
The expected amortization of the net carrying amount of finite-lived intangible assets at June 30, 2020 was as follows (in thousands):
Years Ending December 31,Expected Amortization
2020 (six months)$16,038  
202129,858  
202229,594  
202325,391  
202423,919  
Thereafter153,185  
$277,985