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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

8.            GOODWILL AND OTHER INTANGIBLE ASSETS

 

The following is a roll-forward of goodwill for the years ended December 31, 2018 and 2017 by reportable segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monster

 

 

 

 

 

 

 

 

 

 

 

Energy®

 

Strategic

 

 

 

 

 

 

 

    

Drinks

    

Brands

    

Other

    

Total

Balance at December 31, 2017

 

$

693,644

 

$

637,999

 

$

 —

 

$

1,331,643

Acquisitions

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Balance at December 31, 2018

 

$

693,644

 

$

637,999

 

$

 —

 

$

1,331,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monster 

 

 

 

 

 

 

 

 

 

 

 

Energy®

 

Strategic

 

 

 

 

 

 

 

    

Drinks

    

 Brands

    

Other

    

Total

Balance at December 31, 2016

 

$

693,644

 

$

637,999

 

$

 —

 

$

1,331,643

Acquisitions

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Balance at December 31, 2017

 

$

693,644

 

$

637,999

 

$

 —

 

$

1,331,643

 

Intangible assets consist of the following at:

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

 

2018

 

2017

Amortizing intangibles

 

$

71,350

 

$

71,400

Accumulated amortization

 

 

(38,311)

 

 

(26,383)

 

 

 

33,039

 

 

45,017

Non-amortizing intangibles

 

 

1,012,839

 

 

989,068

 

 

$

1,045,878

 

$

1,034,085

 

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 five to seven years. Total amortization expense recorded was $11.9 million, $11.9 million and $10.6 million for the years ended December 31, 2018, 2017 and 2016, respectively.

 

The following is the future estimated amortization expense related to amortizing intangibles as of December 31, 2018:

 

 

 

 

 

Year Ending December 31:

    

 

 

2019

 

$

11,847

2020

 

 

7,965

2021

 

 

4,722

2022

 

 

4,697

2023

 

 

1,404

2024 and thereafter

 

 

2,404

 

 

$

33,039

 

At December 31, 2018, non-amortizing intangibles primarily consist of indefinite-lived tradenames, flavors and formulas.