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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

Changes in Carrying Amount of Goodwill

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

Balance at December 31, 2017		$	382,729
Acquired goodwill			13,301
Foreign currency translation adjustment			(4,032	)
Balance at December 31, 2018			391,998
Acquired goodwill			16,742
Foreign currency translation adjustment			2,477
Balance at December 31, 2019		$	411,217

Indefinite Lived Intangible Assets

Intangible assets are comprised of the following:

December 31,		Estimated Useful Lives				2019				2018
Indefinite lived intangible assets - Trade names, trademarks and distribution rights						$	138,647			$	119,188
Finite lived intangible assets:
Customer relationships			7-18 years				79,911				69,593
Patented and unpatented technology			7 years				1,680				1,600
Trade name			10 years				1,150				1,150
Accumulated amortization							(49,384	)			(43,680	)
Finite lived intangible assets, net							33,357				28,663
						$	172,004			$	147,851

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:

2020		$	5,800
2021		$	4,900
2022		$	4,100
2023		$	3,500
2024		$	3,300

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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