Goodwill and Other Intangibles

3 Months Ended

Mar. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

5 Goodwill and Other Intangibles

The carrying amount of goodwill was $357 million and $356 million at March 30, 2019 and December 31, 2018, respectively. During the three months ended March 30, 2019, the effect of foreign currency translation increased goodwill by $1 million.

The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):

	March 30, 2019						December 31, 2018
					Weighted-						Weighted-
	Gross				Average		Gross				Average
	Carrying		Accumulated		Amortization		Carrying		Accumulated		Amortization
	Amount		Amortization		Period		Amount		Amortization		Period
Capitalized software	$	456,388	$	311,229		5 years	$	454,307	$	307,634		5 years
Purchased intangibles		201,126		145,970		11 years		201,566		144,184		11 years
Trademarks and IPR&D		13,817		—		—		13,677		—		—
Licenses		5,710		5,119		6 years		5,568		4,875		6 years
Patents and other intangibles		79,940		51,248		8 years		77,753		49,276		8 years
Total	$	756,981	$	513,566		7 years	$	752,871	$	505,969		7 years

The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $7 million and $5 million, respectively, in the three months ended March 30, 2019 due to the effects of foreign currency translation. Amortization expense for intangible assets was $13 million for both the three months ended March 30, 2019 and March 31, 2018. Amortization expense for intangible assets is estimated to be $52 million per year for each of the next five years.