INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The Company had goodwill in the amount of $526,246 and $529,463 as of March 31, 2021 and December 31, 2020, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The decrease in goodwill is due to foreign exchange translation adjustments.

Identifiable intangible assets with finite lives at March 31, 2021 and December 31, 2020 are summarized as follows:


	Amortization Period (in years)	Gross Carrying Amount at 3/31/2021		Accumulated Amortization at 3/31/2021		Gross Carrying Amount at 12/31/2020		Accumulated Amortization at 12/31/2020
Customer relationships & lists	10-20	$	241,516	$	161,772	$	243,557	$	158,051
Trademarks & trade names	2-17	43,154		26,084		43,208		24,974
Developed technology	5-12	20,318		13,991		21,674		13,693
Other	2-18	23,145		12,627		21,624		11,685
		$	328,133	$	214,474	$	330,063	$	208,403

Amortization of identifiable intangible assets was approximately $6,484 and $6,979 for the three months ended March 31, 2021 and 2020, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $18,497 for the remainder of 2021, $23,044 for 2022, $19,447 for 2023, $10,611 for 2024, $6,348 for 2025 and $5,112 for 2026. At March 31, 2021 and 2020, 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, 2021 and 2020.