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