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INTANGIBLE ASSETS (Notes)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
INTANGIBLE ASSETS

Our intangible assets are as follows:
(in thousands)
September 30, 2017
December 31, 2016
Definite-lived intangible assets
 
 
Customer relationships
$
59,683

$
47,892

Unpatented technology
19,941

18,461

Patented technology
6,560

2,499

Tradename
22,818

18,774

Backlog
30,088

28,170

All other
7,550

7,429

Gross value of definite-lived intangible assets
146,640

123,225

Customer relationships amortization
(21,931
)
(17,519
)
Unpatented technology amortization
(4,443
)
(2,864
)
Patented technology amortization
(2,043
)
(1,532
)
Tradename amortization
(4,749
)
(3,826
)
Acquired backlog amortization
(27,814
)
(21,776
)
All other amortization
(6,965
)
(5,974
)
Accumulated amortization
(67,945
)
(53,491
)
Net definite-lived intangible assets
$
78,695

$
69,734

 
 
 
Indefinite-lived intangible assets:
 
 
Trademarks and trade names
$
1,305

$
1,305

Total indefinite-lived intangible assets
$
1,305

$
1,305



The following summarizes the changes in the carrying amount of intangible assets:
 
Nine months ended September 30,
(in thousands)
2017
2016
Balance at beginning of period
$
71,039

$
37,844

Business acquisitions
19,500

55,438

Amortization expense
(14,455
)
(11,904
)
Currency translation adjustments and other
3,916

647

Balance at end of the period
$
80,000

$
82,025



The January 11, 2017 acquisition of Universal resulted in an increase in our intangible asset amortization expense during the three and nine months ended September 30, 2017 of $0.5 million and $2.6 million, respectively.

The July 1, 2016 acquisition of SPIG, S.p.A. resulted in an increase in our intangible asset amortization expense during the three and nine months ended September 30, 2017 of $1.9 million and $7.3 million, respectively, and $7.1 million of intangible asset amortization expense during the three months ended September 30, 2016.

Amortization of intangible assets is included in cost of operations in our condensed consolidated statement of operations, but it is not allocated to segment results.

Estimated future intangible asset amortization expense, including the increase in amortization expense resulting from the January 11, 2017 acquisition of Universal, is as follows (in thousands):
Period ending
Amortization expense
Three months ending December 31, 2017
$
3,582

Twelve months ending December 31, 2018
$
12,444

Twelve months ending December 31, 2019
$
10,342

Twelve months ending December 31, 2020
$
9,042

Twelve months ending December 31, 2021
$
8,782

Twelve months ending December 31, 2022
$
7,205

Thereafter
$
27,298