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Goodwill and Intangibles
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangibles Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2019 and 2018 were as follows:
 
North America
 
Europe
 
Asia Pacific
 
Total
Balance as of December 31, 2017
$
122,395

 
$
12,454

 
$
37,003

 
$
171,852

Acquisitions
33,604

 
—

 
—

 
33,604

Reclassified as held for sale
(12,015
)
 
—

 
(1,485
)
 
(13,500
)
Foreign exchange translation
(303
)
 
(647
)
 
(2,044
)
 
(2,994
)
Impairment charges
—

 
(11,807
)
 
(33,474
)
 
(45,281
)
Balance as of December 31, 2018
$
143,681

 
$
—

 
$
—

 
$
143,681

Adjustments related to recent acquisitions
(1,689
)
 
—

 
—

 
(1,689
)
Foreign exchange translation
195

 
—

 
—

 
195

Balance as of December 31, 2019
$
142,187

 
$
—

 
$
—

 
$
142,187


The Company performed its annual impairment analysis of goodwill during the fourth quarter of 2019. Goodwill impairment testing is performed at the reporting unit level. The identified reporting units are the same as the operating segments in which goodwill is recorded. The fair value of each reporting unit is determined and compared to the carrying value. If the carrying value exceeds the fair value, an impairment charge is recorded based on that difference. The Company's annual goodwill impairment analysis resulted in no impairment for 2019 or 2017.
During the fourth quarter of 2018, the Company noted potential adverse changes in operating conditions. The Company tested goodwill for impairment and recorded a goodwill impairment charge of $45,281 after determining the carrying value of the Europe and Asia Pacific reporting units exceeded their fair value.
Intangible Assets
Intangible assets and accumulated amortization balances as of December 31, 2019 and 2018 were as follows:
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer relationships
$
156,557

 
$
(113,871
)
 
$
42,686

Other
49,556

 
(7,873
)
 
41,683

Balance as of December 31, 2019
$
206,113

 
$
(121,744
)
 
$
84,369

 
 
 
 
 
 
Customer relationships
$
157,286

 
$
(98,937
)
 
$
58,349

Other
45,401

 
(4,148
)
 
41,253

Balance as of December 31, 2018
$
202,687

 
$
(103,085
)
 
$
99,602



During the fourth quarter of 2018, the Company recorded an impairment loss of $791 for customer relationships in its Europe operating segment.
In the third quarter of 2018, the Company acquired intangible assets of $34,810 with a weighted average useful life of 14.3 years as a result of the Lauren acquisition. This consisted of $24,000 of supply agreements, $850 of license agreements and $9,960 of customer relationships. In the fourth quarter of 2018, the Company acquired intangible assets of $11,100 related to customer relationships with a useful life of 7 years as a result of the Hutchings acquisition.
Estimated amortization expense for the next five years is shown in the table below:
Year
 
Expense
2020
 
$
11,906

2021
 
7,642

2022
 
7,642

2023
 
7,496

2024
 
7,206