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INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Intangible assets consisted of the following as of March 31, 2021 and December 31, 2020 (in thousands):
| March 31, 2021 |  | December 31, 2020
| Gross |  |  |  | Accumulated Amortization |  | Net |  | Gross |  | Impairment |  | Accumulated Amortization |  | Net
Goodwill | $ | 30,271 |  |  |  |  | — |  |  | $ | 30,271 |  |  | $ | 49,371 |  |  | $ | (19,100) |  |  | $ | — |  |  | $ | 30,271 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names | 49,600 |  |  |  |  | — |  |  | 49,600 |  |  | 50,600 |  |  | (1,000) |  |  | — |  |  | 49,600 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses | 15,847 |  |  |  |  | (10,856) |  |  | 4,991 |  |  | 15,847 |  |  | — |  |  | (10,742) |  |  | 5,105 |
Trade names | 52,126 |  |  |  |  | (21,720) |  |  | 30,406 |  |  | 52,030 |  |  | — |  |  | (20,874) |  |  | 31,156 |
Customer relationships | 178,075 |  |  |  |  | (57,371) |  |  | 120,704 |  |  | 177,801 |  |  | — |  |  | (54,008) |  |  | 123,793 |
Other | 6,592 |  |  |  |  | (2,637) |  |  | 3,955 |  |  | 6,582 |  |  | — |  |  | (2,482) |  |  | 4,100 |
Total | $ | 332,511 |  |  |  |  | $ | (92,584) |  |  | $ | 239,927 |  |  | $ | 352,231 |  |  | $ | (20,100) |  |  | $ | (88,106) |  |  | $ | 244,025 |
In the first quarter of 2020, as a result of the economic downturn caused by the COVID-19 pandemic, the Company concluded that a triggering event had occurred and performed an interim impairment test of goodwill and certain intangible assets as of March 31, 2020. The Company performed the first quarter 2020 interim impairment test of goodwill by comparing its fair value with its carrying value. The analysis was performed by using a discounted cash flow method and market multiple method. For goodwill, the outcome of the valuation is largely dependent upon estimates made by the Company with respect to significant assumptions, including projected net sales, projected earnings before interest, tax, depreciation and amortization (“EBITDA”), terminal growth rates, and the cost of capital under the discounted cash flow method.

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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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