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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | . GOODWILL AND INTANGIBLE ASSETS Goodwill The following table sets forth the changes in the carrying value of goodwill:
| Year Ended December 31,
| 2019 |  | 2018
| (In thousands)
Beginning balance January 1 | $ | 1,722,603 |  |  | $ | 1,771,877 |
Foreign currency exchange rate changes | 30,670 |  |  | (49,274 | )
Adjustments to goodwill for acquisitions | 5,767 |  |  | — |
Ending balance December 31 | $ | 1,759,040 |  |  | $ | 1,722,603 |
Intangible Assets The components of intangible assets are as follows:
|  |  | December 31, 2019 |  | December 31, 2018
| 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 |  | $ | 98,699 |  |  | $ | — |  |  | $ | 98,699 |  |  | $ | 96,260 |  |  | $ | — |  |  | $ | 96,260 |
Trademarks | 10-15 |  | 24,800 |  |  | (9,319 | ) |  | 15,481 |  |  | 25,185 |  |  | (7,585 | ) |  | 17,600 |
Non-compete agreements | 5 |  | 196 |  |  | (180 | ) |  | 16 |  |  | 196 |  |  | (141 | ) |  | 55 |
Customer relationships | 10-20 |  | 358,341 |  |  | (201,962 | ) |  | 156,379 |  |  | 358,620 |  |  | (180,395 | ) |  | 178,225 |
Distribution agreements | 10-19 |  | 37,371 |  |  | (25,294 | ) |  | 12,077 |  |  | 36,984 |  |  | (22,562 | ) |  | 14,422 |
Patents | 10 |  | 48,310 |  |  | (43,687 | ) |  | 4,623 |  |  | 48,310 |  |  | (38,856 | ) |  | 9,454 |
|  |  | $ | 567,717 |  |  | $ | (280,442 | ) |  | $ | 287,275 |  |  | $ | 565,555 |  |  | $ | (249,539 | ) |  | $ | 316,016 |
(1) | Excludes the original cost and related accumulated amortization of fully-amortized intangible assets.
Amortization expense related to intangible assets totaled $35.5 million, $35.9 million and $37.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. The following table sets forth the estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31, | (In thousands)
2020 | $ | 34,037 |
2021 | 26,387 |
2022 | 23,903 |
2023 | 23,311 |
2024 | 19,863 |
Thereafter | 61,075 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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