NOTE 6 – INTANGIBLE ASSETS

The Company had goodwill in the amount of $449,015 and $441,361 as of September 30, 2018 and December 31, 2017, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The addition to goodwill is primarily the result of an immaterial acquisition that occurred in the third quarter of fiscal year 2018 with the remaining change due to foreign exchange translation adjustments.

Identifiable intangible assets with finite lives at September 30, 2018 and December 31, 2017 are summarized as follows:

	Amortization Period (in years)		Gross Carrying Amount at 9/30/18		Accumulated Amortization at 9/30/18		Gross Carrying Amount at 12/31/17		Accumulated Amortization at 12/31/17
Customer relationships & lists		10	$	191,274	$	118,230	$	190,061	$	105,573
Trademarks & trade names		5-17		40,471		15,606		40,630		12,895
Developed technology		5		13,338		7,937		13,338		5,936
Other		3-18		13,886		6,054		13,466		5,018
			$	258,969	$	147,827	$	257,495	$	129,422

Amortization of identifiable intangible assets was approximately $18,680 for the nine months ended September 30, 2018. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $6,246 for the remainder of 2018, $22,676 for 2019, $20,644 for 2020, $17,437 for 2021, $15,979 for 2022 and $14,737 for 2023. At September 30, 2018, 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, 2018.