XML 86 R18.htm IDEA: XBRL DOCUMENT

GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS

10. GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the nine-months ended September 30, 2019 and September 30, 2018 by reportable segment:


	Monster
	Energy^®		Strategic
	Drinks		Brands		Other		Total
Balance at December 31, 2018	$	693,644	$	637,999	$	—	$	1,331,643
Acquisitions		—		—		—		—
Balance at September 30, 2019	$	693,644	$	637,999	$	—	$	1,331,643


	Monster
	Energy^®		Strategic
	Drinks		Brands		Other		Total
Balance at December 31, 2017	$	693,644	$	637,999	$	—	$	1,331,643
Acquisitions		—		—		—		—
Balance at September 30, 2018	$	693,644	$	637,999	$	—	$	1,331,643

Intangible assets consist of the following at:


	September 30,		December 31,
	2019		2018
Amortizing intangibles	$	66,952	$	71,350
Accumulated amortization		(46,227)		(38,311)
		20,725		33,039
Non-amortizing intangibles		1,026,748		1,012,839
	$	1,047,473	$	1,045,878

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 $2.9 million and $3.0 million for the three-months ended September 30, 2019 and 2018, respectively. Total amortization expense recorded was $8.7 million and $9.0 million for the nine-months ended September 30, 2019 and 2018, respectively.

The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2019:


2019 (excluding the nine-months ended September 30, 2019)	$	2,887
2020		7,668
2021		4,424
2022		4,399
2023		1,106
2024 and thereafter		241
	$	20,725