GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS.

9.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the nine-months ended September 30, 2015 by reportable segment:

	Finished Products		Concentrate		Total
Balance at December 31, 2014	$	-	$	-	$	-
Acquisitions	785,277		502,500		1,287,777

Balance at September 30, 2015	$	785,277	$	502,500	$	1,287,777

Intangible assets consist of the following at:

	September 30, 2015		December 31, 2014
Amortizing intangibles	$	35,264	$	233
Accumulated amortization	(2,148)		(50)

	33,116		183
Non-amortizing intangibles	395,085		50,565

	$	428,201	$	50,748

Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally 5 years. Total amortization expense recorded was $1.8 million and $0.1 million for the three-months ended September 30, 2015 and 2014, respectively. Total amortization expense recorded was $2.1 million and $0.4 million for the nine-months ended September 30, 2015 and 2014, respectively. Non-amortizing intangibles primarily consist of indefinite-lived tradenames.