INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The Company had goodwill in the amount of $527,148 and $529,463 as of June 30, 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 June 30, 2021 and December 31, 2020 are summarized as follows:


	Amortization Period (in years)	Gross Carrying Amount at 6/30/2021		Accumulated Amortization at 6/30/2021		Gross Carrying Amount at 12/31/2020		Accumulated Amortization at 12/31/2020
Customer relationships & lists	10-20	$	242,089	$	165,886	$	243,557	$	158,051
Trademarks & trade names	2-17	43,169		27,112		43,208		24,974
Developed technology	5-12	20,351		14,210		20,437		13,693
Other	2-18	23,454		13,602		22,861		11,685
		$	329,063	$	220,810	$	330,063	$	208,403

Amortization of identifiable intangible assets was approximately $6,229 and $12,713 for the three and six months ended June 30, 2021, respectively, and $6,985 and $13,964 for the three and six months ended June 30, 2020, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $12,322 for the remainder of 2021, $23,092 for 2022, $19,491 for 2023, $10,652 for 2024, $6,386 for 2025 and $5,054 for 2026. At June 30, 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 six months ended June 30, 2021 and 2020.