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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table sets forth the changes in the carrying value of goodwill:
 
Year Ended December 31,
 
2017
 
2016
 
(In thousands)
Beginning balance January 1
$
1,730,950

 
$
1,681,662

Foreign currency exchange rate changes
40,927

 
21,434

Adjustments to goodwill for acquisitions (1)
—

 
17,618

Prior period revision (Note 2)
—

 
10,236

Ending balance December 31
$
1,771,877

 
$
1,730,950


(1)
For the year ended December 31, 2016, adjustments relate to goodwill resulting from the preliminary allocation of the purchase price for Atlanta Electrical Distributors, LLC to the respective assets acquired and liabilities assumed, partially offset by an adjustment to goodwill related to deferred income taxes.
Schedule of Intangible Assets by Major Class
The components of intangible assets are as follows:
 
 
 
December 31, 2017
 
December 31, 2016
 
Life
 
Gross Carrying
Amount (1)
 
Accumulated
Amortization (1)
 
Net
Carrying
Amount
 
Gross Carrying
Amount (1)
 
Accumulated
Amortization (1)
 
Net
Carrying
Amount
 
 
 
(In thousands)
Intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
Indefinite
 
$
100,249

 
$
—

 
$
100,249

 
$
96,962

 
$
—

 
$
96,962

Trademarks
4-15
 
25,118

 
(5,516
)
 
19,602

 
25,098

 
(3,426
)
 
21,672

Non-compete agreements
2-7
 
196

 
(102
)
 
94

 
196

 
(63
)
 
133

Customer relationships
2-20
 
377,270

 
(161,711
)
 
215,559

 
362,637

 
(126,835
)
 
235,802

Distribution agreements
10-19
 
39,515

 
(22,200
)
 
17,315

 
38,972

 
(19,295
)
 
19,677

Patents
10
 
48,310

 
(34,025
)
 
14,285

 
48,310

 
(29,194
)
 
19,116

 
 
 
$
590,658

 
$
(223,554
)
 
$
367,104

 
$
572,175

 
$
(178,813
)
 
$
393,362

(1) 
Excludes the original cost and accumulated amortization of fully-amortized intangible assets.
Schedule of Expected Amortization Expense
The following table sets forth the estimated amortization expense for intangible assets for the next five years:
For the year ending December 31,
(In thousands)
2018
$
37,848

2019
36,549

2020
34,621

2021
26,930

2022
24,350