Whole Earth Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of components of goodwill and other intangible assets

Goodwill and other intangible assets consisted of the following (in thousands):



	March 31, 2021						December 31, 2020
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Other intangible assets subject to amortization
Customer relationships (useful life of 5 to 10 years)	$	107,891	$	(5,525)	$	102,366	$	50,877	$	(3,020)	$	47,857
Tradenames (useful life of 25 years)	174,416		(3,637)		170,779		128,155		(2,185)		125,970
Total	$	282,307	$	(9,162)	$	273,145	$	179,032	$	(5,205)	$	173,827
Other intangible assets not subject to amortization
Product formulations					10,700						10,700
Total other intangible assets, net					283,845						184,527
Goodwill					236,895						153,537
Total goodwill and other intangible assets					$	520,740					$	338,064

Schedule of amortization expense

Amortization expense relating to amortizable intangible assets as of March 31, 2021 for the next five years is expected to be as follows (in thousands):


Remainder of 2021	$	14,180
2022	18,907
2023	18,907
2024	18,907
2025	18,673
2026	18,453