XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.22.1

GOODWILL (Notes) | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | Goodwill The following table sets forth the changes in the carrying value of goodwill:
| Three Months Ended
| March 31, 2022
| EES |  | CSS |  | UBS |  | Total
| (In thousands)
Beginning balance, January 1 | $ | 860,958 |  |  | $ | 1,121,712 |  |  | $ | 1,225,663 |  |  | $ | 3,208,333 |
Foreign currency exchange rate changes | 5,896 |  |  | 3,150 |  |  | 5,159 |  |  | 14,205 |
Ending balance, March 31 | $ | 866,854 |  |  | $ | 1,124,862 |  |  | $ | 1,230,822 |  |  | $ | 3,222,538 |
Intangible Assets The components of intangible assets are as follows:
|  | As of
|  | March 31, 2022 |  | December 31, 2021
| Life (in years) | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount |  | Gross Carrying Amount (1) |  | Accumulated Amortization (1) |  | Net Carrying Amount
Intangible assets: |  | (In thousands)
Trademarks | Indefinite | $ | 795,549 |  |  | $ | — |  |  | $ | 795,549 |  |  | $ | 795,065 |  |  | $ | — |  |  | $ | 795,065 |
Customer relationships | 10 - 20 | 1,437,174 |  |  | (330,208) |  |  | 1,106,966 |  |  | 1,431,251 |  |  | (308,180) |  |  | 1,123,071 |
Distribution agreements | 15 - 19 | 29,212 |  |  | (23,140) |  |  | 6,072 |  |  | 29,212 |  |  | (22,714) |  |  | 6,498 |
Trademarks | 1 - 12 | 38,827 |  |  | (25,649) |  |  | 13,178 |  |  | 38,758 |  |  | (20,058) |  |  | 18,700 |
Non-compete agreements | 2 | 3,478 |  |  | (2,978) |  |  | 500 |  |  | 4,300 |  |  | (3,493) |  |  | 807 |
|  | $ | 2,304,240 |  |  | $ | (381,975) |  |  | $ | 1,922,265 |  |  | $ | 2,298,586 |  |  | $ | (354,445) |  |  | $ | 1,944,141 |
(1) Excludes the original cost and related accumulated amortization of fully-amortized intangible assets. Amortization expense related to intangible assets totaled $25.7 million and $21.6 million for the three months ended March 31, 2022 and 2021, respectively. The following table sets forth the remaining estimated amortization expense for intangible assets for the next five years and thereafter:
For the year ending December 31, | (In thousands)
2022 | $ | 66,736 |
2023 | 83,584 |
2024 | 81,113 |
2025 | 77,985 |
2026 | 72,492 |
Thereafter | 744,806 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration