Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS

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GOODWILL AND OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill and other intangible assets consisted of the following (in thousands):
(Successor) (Predecessor)
September 30, 2020
December 31, 2019
Gross Accumulated
Amortization		 Net Gross Accumulated
Amortization		 Net
Other intangible assets subject to amortization
Customer relationships (useful life of 0.5 to 10 years)
 $ 44,640  $ (1,866) $ 42,774  $ 105,000  $ (38,731) $ 66,269 
Tradenames (useful life of 25 years)
 92,310  (975) 91,335  95,055  (19,939) 75,116 
Total $ 136,950  $ (2,841) $ 134,109  $ 200,055  $ (58,670) $ 141,385 
Other intangible assets not subject to amortization
Product formulations 10,700  109,858 
Total other intangible assets, net 144,809  251,243 
Goodwill 124,874  130,870 
Total goodwill and other intangible assets $ 269,683  $ 382,113 
The Successor’s amortization expense for intangible assets was $2.7 million and $2.8 million for the three months ended September 30, 2020 and for the period from June 26, 2020 through September 30, 2020, respectively. The Predecessor’s amortization expense for intangible assets was $4.9 million, $2.7 million and $8.0 million for the periods from January 1, 2020 to June 25, 2020 and for the three and nine months ended September 30, 2019, respectively.
Amortization expense relating to amortizable intangible assets as of September 30, 2020 for the next five years is expected to be as follows (in thousands):
Remainder of 2020 $ 2,667 
2021 9,004 
2022 9,004 
2023 9,004 
2024 9,004 
2025 8,963