GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

GOODWILL AND OTHER INTANGIBLE ASSETS.

9.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the three-months ended March 31, 2016 by reportable segment:

	Finished Products		Concentrate		Total
Balance at December 31, 2015	$	641,716	$	637,999	$	1,279,715
Acquisitions	-		-		-

Balance at March 31, 2016	$	641,716	$	637,999	$	1,279,715

Intangible assets consist of the following at:

	March 31, 2016		December 31, 2015
Amortizing intangibles	$	35,286	$	35,263
Accumulated amortization	(5,651)		(3,899)

	29,635		31,364
Non-amortizing intangibles	398,943		396,622

	$	428,578	$	427,986

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 $0.001 million for the three-months ended March 31, 2016 and 2015, respectively.