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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill amounts by reporting unit are summarized as follows: 
 
Goodwill at
Acquisitions (1)
Dispositions
Other (2)
Goodwill at
 
December 30, 2017
June 30, 2018
United States
$
586,437

$
164

$

$

$
586,601

Canada
30,372



(1,438
)
28,934

Mexico
3,694



(11
)
3,683

Total
$
620,503

$
164

$

$
(1,449
)
$
619,218

 
(1)
These amounts relate to the adjustments to the opening balance sheet for the acquisition of ST Fastening Systems ("STFS"). STFS was acquired in the fourth quarter of 2017.
(2)
These amounts relate to adjustments resulting from fluctuations in foreign currency exchange rates.
Other intangibles, net, as of June 30, 2018 and December 30, 2017 consist of the following: 
 
Estimated
Useful Life
(Years)
June 30, 2018
December 30, 2017
Customer relationships
13-20
$
701,898

$
703,399

Trademarks - All Others
Indefinite
85,443

85,759

Trademarks - TagWorks
5
300

300

KeyWorks license
7
4,443

4,455

Patents
7-12
31,908

31,941

Intangible assets, gross
 
823,992

825,854

Less: Accumulated amortization
 
151,786

132,659

Other intangibles, net
 
$
672,206

$
693,195


The amortization expense for amortizable assets including the adjustments resulting from fluctuations in foreign currency exchange rates was $9,712 and $19,435 for the thirteen and twenty-six weeks ended June 30, 2018 and $9,470 and $18,942 for the thirteen and twenty-six weeks ended July 1, 2017.

The Company tests goodwill and indefinite-lived intangible assets for impairment annually. Impairment is also tested when events or changes in circumstances indicate that the carrying values of the assets may be greater than their fair values. During the thirteen and twenty-six weeks ended June 30, 2018 and thirteen and twenty-six weeks ended July 1, 2017, the Company did not adjust goodwill or intangible assets to their fair values as a result of any impairment analyses.

In 2017, the fair value of each reporting unit except the United States was in excess of its carrying value by more than 10%. In 2017, the fair value of United States reporting unit exceeded its carrying value by approximately 4%. A 100 basis point decrease in the projected long-term growth rate or a 100 basis point increase in the discount rate for this reporting unit could decrease the fair value by enough to result in some impairment based on the current forecast model. Future declines in the market and deterioration in earnings could lead to a potential impairment.