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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS The Company had goodwill in the amount of $527,148 and $529,463 as of June 30, 2021 and December 31, 2020, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.” The decrease in goodwill is due to foreign exchange translation adjustments. Identifiable intangible assets with finite lives at June 30, 2021 and December 31, 2020 are summarized as follows:
|  | Amortization Period (in years) |  | Gross Carrying Amount at 6/30/2021 |  | Accumulated Amortization at 6/30/2021 |  | Gross Carrying Amount at 12/31/2020 |  | Accumulated Amortization at 12/31/2020
Customer relationships & lists |  | 10-20 |  | $ | 242,089 |  |  | $ | 165,886 |  |  | $ | 243,557 |  |  | $ | 158,051 |
Trademarks & trade names |  | 2-17 |  | 43,169 |  |  | 27,112 |  |  | 43,208 |  |  | 24,974 |
Developed technology |  | 5-12 |  | 20,351 |  |  | 14,210 |  |  | 20,437 |  |  | 13,693 |
Other |  | 2-18 |  | 23,454 |  |  | 13,602 |  |  | 22,861 |  |  | 11,685 |
|  |  |  | $ | 329,063 |  |  | $ | 220,810 |  |  | $ | 330,063 |  |  | $ | 208,403 |
Amortization of identifiable intangible assets was approximately $6,229 and $12,713 for the three and six months ended June 30, 2021, respectively, and $6,985 and $13,964 for the three and six months ended June 30, 2020, respectively. Assuming no change in the gross carrying value of identifiable intangible assets, estimated amortization expense is $12,322 for the remainder of 2021, $23,092 for 2022, $19,491 for 2023, $10,652 for 2024, $6,386 for 2025 and $5,054 for 2026. At June 30, 2021 and 2020, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” in the Company’s condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the six months ended June 30, 2021 and 2020.

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- Definition The entire disclosure for all or part of the information related to 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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