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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in goodwill during the years ended December 31, 2019 and 2018, were as follows:
(In thousands)
2019
 
2018
Net balance at January 1
$
413,640

 
$
422,185

Additions (Note 13)
19,917

 

Disposals

 
(525
)
Currency translation
3,122

 
(8,020
)
Net balance at December 31
$
436,679

 
$
413,640


At December 31, 2019, goodwill of $293.2 million and $143.5 million related to the Americas and International reporting segments, respectively.
Changes in intangible assets, net of accumulated amortization, during the years ended December 31, 2019 and 2018, were as follows:
(In thousands)
2019
 
2018
Net balance at January 1
$
169,515

 
$
183,088

Additions (Note 13)
11,100

 

Amortization expense
(11,119
)
 
(10,509
)
Currency translation
1,830

 
(3,064
)
Net balance at December 31
$
171,326

 
$
169,515


(In millions)
 
December 31, 2019
 
December 31, 2018
Intangible Assets:
Weighted Average Useful Life (years)
Gross Carrying Amount
 
Accumulated Amortization and Reserves
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization and Reserves
 
Net Carrying Amount
Customer relationships
14
$
58.3

 
$
(15.3
)
 
$
43.0

 
$
46.7

 
$
(10.6
)
 
$
36.1

Distribution agreements
20
66.0

 
(17.3
)
 
48.7

 
66.1

 
(14.1
)
 
52.0

Technology related assets
8
30.0

 
(18.3
)
 
11.7

 
28.3

 
(15.5
)
 
12.8

Patents, trademarks and copyrights
12
19.0

 
(11.3
)
 
7.7

 
18.7

 
(10.4
)
 
8.3

License agreements
5
5.3

 
(5.3
)
 

 
5.3

 
(5.3
)
 

Other
2
3.0

 
(2.8
)
 
0.2

 
2.9

 
(2.6
)
 
0.3

Total
14
$
181.6

 
$
(70.3
)
 
$
111.3

 
$
168.0

 
$
(58.5
)
 
$
109.5


During 2017, we acquired a trade name with an indefinite life totaling $60.0 million. This intangible asset is tested for impairment on October 1st of each year, or more frequently if indicators of impairment exist.
Intangible asset amortization expense over the next five years is expected to be approximately $12 million in 2020 and 2021, $10 million in 2022 and $9 million in 2023 and 2024.