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GOODWILL AND OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

9.GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the six-months ended June 30, 2024 and 2023 by reportable segment:

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Monster

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Energy®

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Strategic

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Alcohol

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Drinks

    

Brands

    

Brands

    

Other

    

Total

Balance at December 31, 2023

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$

693,644

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$

637,999

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$

86,298

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$

—

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$

1,417,941

Acquisitions

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—

​

 

—

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—

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—

​

 

—

Balance at June 30, 2024

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$

693,644

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$

637,999

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$

86,298

​

$

—

​

$

1,417,941

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​

​

​

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Monster 

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Energy®

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Strategic

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Alcohol

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​

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​

​

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Drinks

    

Brands

    

Brands

    

Other

    

Total

Balance at December 31, 2022

​

$

693,644

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$

637,999

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$

86,298

​

$

—

​

$

1,417,941

Acquisitions

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

Balance at June 30, 2023

​

$

693,644

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$

637,999

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$

86,298

​

$

—

​

$

1,417,941

​

Intangible assets consist of the following at:

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June 30, 

    

December 31, 

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2024

    

2023

Amortizing intangibles

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$

144,577

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$

144,582

Accumulated amortization

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(77,668)

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(74,699)

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66,909

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69,883

Non-amortizing intangibles

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1,366,417

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1,357,256

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$

1,433,326

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$

1,427,139

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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 ten to fifteen years. Total amortization expense was $1.7 million and $0.9 million for the three-months ended June 30, 2024 and 2023, respectively. Total amortization expense was $3.0 million and $2.9 million for the six-months ended June 30, 2024 and 2023, respectively. For the three- and six-months ended June 30, 2024, no impairment charges were recorded to intangible assets. For both the three- and six-months ended June 30, 2023, impairment charges of $2.8 million were recorded to non-amortizing intangibles.

The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2024:

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2024 (from July 1, 2024 to December 31, 2024)

    

$

4,461

2025

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5,947

2026

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5,947

2027

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5,946

2028

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5,945

2029 and thereafter

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​

38,663

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$

66,909

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