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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill are as follows:
 
Balance at December 31, 2018
   $ 391,998  
Acquired goodwill
     16,742  
Foreign currency translation adjustment
     2,477  
    
 
 
 
Balance at December 31, 2019
     411,217  
Acquired goodwill
     410  
Foreign currency translation adjustment
     859  
    
 
 
 
Balance at December 31, 2020
  
$
412,486
 
    
 
 
 
Indefinite Lived Intangible Assets
Intangible assets are comprised of the following:
 
December 31,
  
Estimated

Useful Lives
    
2020
    
2019
 
Indefinite lived intangible assets - Trade names, trademarks
,
and distribution rights
           
$
140,867
 
   $ 138,647  
Finite lived intangible assets:
                          
Customer relationships
    
7-18 years
    
 
81,527
 
     79,911  
Patented and unpatented technology
     7 years     
 
1,714
 
     1,680  
Trade name
     10 years     
 
1,150
 
     1,150  
Accumulated amortization
           
 
(55,329
     (49,384
             
 
 
    
 
 
 
Finite lived intangible assets, net
           
 
29,062
 
     33,357  
             
 
 
    
 
 
 
             
$
169,929
 
   $ 172,004  
             
 
 
    
 
 
 
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:
 
2021
   $ 5,100  
2022
   $ 4,300  
2023
   $ 3,700  
2024
   $ 3,500  
2025
   $ 3,400