INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

NOTE 6 - INTANGIBLE ASSETS

The Company had goodwill in the amount of $439,811 and $383,906 as of December 31, 2016 and 2015 subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”

As of December 31, 2016 and 2015, the Company had identifiable intangible assets as follows:

	Amortization Period (In years)		2016 Gross Carrying Amount		2016 Accumulated Amortization		2015 Gross Carrying Amount		2015 Accumulated Amortization
Customer relationships & lists		10	$	185,885	$	86,338	$	167,442	$	63,578
Trademarks & trade names		17		39,241		9,260		32,014		5,704
Developed technology		5		12,260		3,358		3,200		1,057
Other		5-17		12,713		3,659		5,102		2,508
			$	250,099	$	102,615	$	207,758	$	72,847

Amortization of identifiable intangible assets was $29,768, $26,467 and $19,468 for 2016, 2015 and 2014, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense is approximately $26,160 in 2017, $23,641 in 2018, $21,604 in 2019, $19,634 in 2020 and $16,472 in 2021. At December 31, 2016 and 2015, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350, “Intangibles-Goodwill and Other.” Identifiable intangible assets are reflected in the Company’s consolidated balance sheets under Intangible assets with finite lives, net. There were no changes to the useful lives of intangible assets subject to amortization in 2016 and 2015.

The Federal Insecticide, Fungicide and Rodenticide Act, (“FIFRA”), a health and safety statute, requires that certain products within our specialty products segment must be registered with the U.S. Environmental Protection Agency (“EPA”) because they are considered pesticides. Costs of such registration are included as other in the table above.