Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.21.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 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):
June 30, 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)
 $ 106,113  $ (8,453) $ 97,660  $ 50,877  $ (3,020) $ 47,857 
Tradenames (useful life of 25 years)
 174,950  (5,398) 169,552  128,155  (2,185) 125,970 
Total $ 281,063  $ (13,851) $ 267,212  $ 179,032  $ (5,205) $ 173,827 
Other intangible assets not subject to amortization
Product formulations 10,700  10,700 
Total other intangible assets, net 277,912  184,527 
Goodwill 241,717  153,537 
Total goodwill and other intangible assets $ 519,629  $ 338,064 
Schedule of Amortization Expense
Amortization expense relating to amortizable intangible assets as of June 30, 2021 for the next five years is expected to be as follows (in thousands):
Remainder of 2021 $ 9,358 
2022 18,717 
2023 18,717 
2024 18,717 
2025 18,483 
2026 18,263