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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
We evaluate finite-lived intangible assets for impairment if indicators of impairment exist. No indicators were identified for the years ended December 31, 2018, or December 31, 2017.
Other intangible assets consist of the following:
 
As of December 31, 2018
 
 
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Amount
 
Weighted Average Remaining Amortization Period (in years)
Other intangible assets:
 

 

 

 
 
Customer lists / relationships
$
64,323

$
(37,088
)
$
27,235

 
9.6

Technology and other intangibles
44,460

(13,715
)
30,745

 
10.1

In process research and development
2,200


2,200

 

Other intangible assets, net
$
110,983

$
(50,803
)
$
60,180

 
9.8

Amortization expense for the year ended December 31, 2018
 

$
6,817

 

 
 



Amortization expense remaining for other intangible assets is as follows:
 
Amortization
expense
2019
$
6,754

2020
6,624

2021
6,467

2022
6,230

2023
4,225

Thereafter
29,880

Total future amortization expense
$
60,180



 
As of December 31, 2017
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Amount
Other intangible assets:
 

 

 

Customer lists / relationships
$
64,323

$
(33,685
)
$
30,638

Patents
10,319

(10,319
)

Technology and other intangibles
44,460

(10,355
)
34,105

In process research and development
2,200


2,200

Other intangible assets, net
$
121,302

$
(54,359
)
$
66,943

Amortization expense for the year ended December 31, 2017
 

$
6,603

 

Amortization expense for the year ended December 31, 2016
 

$
5,815

 


In 2018, a goodwill impairment test was performed by management with the assistance of a third-party valuation firm. As of December 31, 2018, it was concluded that the fair value of each of our reporting units exceeded their carrying values, and accordingly, no goodwill impairment was required.
Changes in the net carrying value amount of goodwill were as follows:
 
Total
Goodwill as of December 31, 2016
$
61,744

Increase from acquisitions
9,313

Goodwill as of December 31, 2017
71,057

Increase from acquisition

Goodwill as of December 31, 2018
$
71,057