INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

The Company had goodwill in the amount of $522,785 and $523,998 as of March 31, 2020 and December 31, 2019, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The decrease in goodwill is due to foreign exchange translation adjustments, partially offset by an insignificant adjustment related to the Zumbro acquisition.

Identifiable intangible assets with finite lives at March 31, 2020 and December 31, 2019 are summarized as follows:

	Amortization Period (in years)	Gross Carrying Amount at 3/31/2020		AccumulatedAmortizationat 3/31/2020		Gross Carrying Amount at 12/31/2019		AccumulatedAmortizationat 12/31/2019
Customer relationships & lists	10-20	$	238,762	$	144,258	$	239,578	$	139,863
Trademarks & trade names	2-17	43,082		21,561		43,102		20,477
Developed technology	5-12	20,158		11,664		20,206		11,008
Other	3-18	21,343		9,347		20,962		8,576
		$	323,345	$	186,830	$	323,848	$	179,924

Amortization of identifiable intangible assets was approximately $6,979 and $5,842 for the three months ended March 31, 2020 and 2019, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $20,624 for the remainder of 2020, $23,936 for 2021, $22,021 for 2022, $19,128 for 2023, $10,448 for 2024 and $6,198 for 2025. At March 31, 2020 and 2019, 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 three months ended March 31, 2020 and 2019.