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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by segment were as follows:

(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Total
 
 
 
 
 
 
 
 
 
Goodwill
 
$
160,128

 
$
8,854

 
$
4,416

 
$
173,398

Accumulated impairment charges
 
(40,552
)
 
(8,853
)
 

 
(49,405
)
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016:
 
119,576

 
1

 
4,416

 
123,993

 
 
 
 
 
 
 
 
 
Additions (1)
 
3,852

 

 

 
3,852

Currency translation
 
2,448

 

 

 
2,448

 
 
 
 
 
 
 
 
 
Balance at December 30, 2017:
 
125,876

 
1

 
4,416

 
130,293

 
 
 
 
 
 
 
 
 
Additions (2)
 
5,049

 

 
17,770

 
22,819

Currency translation
 
(2,777
)
 

 

 
(2,777
)
 
 
 
 
 
 
 
 
 
Balance at December 29, 2018:
 
 

 
 

 
 

 
 

Goodwill
 
168,700

 
8,854

 
22,186

 
199,740

Accumulated impairment charges
 
(40,552
)
 
(8,853
)
 

 
(49,405
)
 
 
 
 
 
 
 
 
 
Goodwill, net
 
$
128,148

 
$
1

 
$
22,186

 
$
150,335

(1) Includes finalization of the purchase price allocation adjustment for Jungwoo-Mueller of $0.2 million.
(2) Includes finalization of the purchase price allocation adjustment for Heatlink Group of $2.8 million.
Reporting units with recorded goodwill include Domestic Piping Systems Group, B&K LLC, Great Lakes, Heatlink Group, Die-Mold, European Operations, Jungwoo-Mueller, Westermeyer, Turbotec, and ATCO.  Several factors give rise to goodwill in the Company’s acquisitions, such as the expected benefit from synergies of the combination and the existing workforce of the acquired businesses.  There were no impairment charges resulting from the 2018, 2017, or 2016 annual impairment tests as the estimated fair value of each of the reporting units exceeded its carrying value.  

Other Intangible Assets

The carrying amount of intangible assets at December 29, 2018 was as follows:

 
(In thousands)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
 
 
 
 
 
 
Customer relationships
 
$
43,104

 
$
(6,309
)
 
$
36,795

Non-compete agreements
 
2,400

 
(1,582
)
 
818

Patents and technology
 
17,879

 
(2,595
)
 
15,284

Trade names and licenses
 
9,173

 
(2,188
)
 
6,985

Other
 
2,526

 
(437
)
 
2,089

 
 
 
 
 
 
 
Other intangible assets
 
$
75,082

 
$
(13,111
)
 
$
61,971


The carrying amount of intangible assets at December 30, 2017 was as follows:

 
(In thousands)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
 
 
 
 
 
 
Customer relationships
 
$
36,518

 
$
(4,644
)
 
$
31,874

Non-compete agreements
 
2,834

 
(1,497
)
 
1,337

Patents and technology
 
7,673

 
(1,868
)
 
5,805

Trade names and licenses
 
4,977

 
(1,575
)
 
3,402

Other
 
213

 
(623
)
 
(410
)
 
 
 
 
 
 
 
Other intangible assets
 
$
52,215

 
$
(10,207
)
 
$
42,008



Amortization expense for intangible assets was $4.4 million in 2018, $3.1 million in 2017, and $4.3 million in 2016.  Future amortization expense is estimated as follows:

(In thousands)
 
Amount
 
 
 
2019
 
$
5,242

2020
 
5,047

2021
 
4,773

2022
 
4,693

2023
 
4,297

Thereafter
 
37,919

 
 
 

Expected amortization expense
 
$
61,971