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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows:

 

Balance at December 31, 2015

   $ 378,310  

Foreign currency translation adjustment

     1,427  
  

 

 

 

Balance at December 31, 2016

     379,737  

Foreign currency translation adjustment

     2,992  
  

 

 

 

Balance at December 31, 2017

   $     382,729  
  

 

 

 
Indefinite Lived Intangible Assets

Intangible assets are comprised of the following:

 

December 31,

   Estimated
Useful Lives
     2017      2016  

Indefinite lived intangible assets—Trade names, trademarks and distribution rights

      $ 125,194      $ 120,288  

Finite lived intangible assets:

        

Customer relationships

     10-15 years        73,053        70,194  

Trade name

     10 years        1,150        1,150  

Non-compete agreements

     7 years        —          369  

Accumulated amortization

        (38,332      (33,437
     

 

 

    

 

 

 

Finite lived intangible assets, net

        35,871        38,276  
     

 

 

    

 

 

 
      $ 161,065      $ 158,564  
     

 

 

    

 

 

 
Finite lived intangible assets

Intangible assets are comprised of the following:

 

December 31,

   Estimated
Useful Lives
     2017      2016  

Indefinite lived intangible assets—Trade names, trademarks and distribution rights

      $ 125,194      $ 120,288  

Finite lived intangible assets:

        

Customer relationships

     10-15 years        73,053        70,194  

Trade name

     10 years        1,150        1,150  

Non-compete agreements

     7 years        —          369  

Accumulated amortization

        (38,332      (33,437
     

 

 

    

 

 

 

Finite lived intangible assets, net

        35,871        38,276  
     

 

 

    

 

 

 
      $ 161,065      $ 158,564  
     

 

 

    

 

 

 
Amortization Expense Related to Finite Lived Intangible Assets

Annual amortization of finite lived intangible assets for the next five years is expected to approximate the following:

 

2018

   $ 4,900  

2019

   $ 4,900  

2020

   $ 4,900  

2021

   $ 4,200  

2022

   $ 3,500