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Goodwill and Related Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND RELATED INTANGIBLE ASSETS
GOODWILL AND RELATED INTANGIBLE ASSETS

Goodwill
The changes in the carrying amount of goodwill for the three months ended March 31, 2019 are as follows (in thousands):
 
Residential
Products
 
Industrial and
Infrastructure
Products
 
Renewable Energy & Conservation
 
Total
Balance at December 31, 2018
$
198,075

 
$
53,769

 
$
71,827

 
$
323,671

Adjustments to prior year acquisitions

 

 
(172
)
 
(172
)
Foreign currency translation

 
116

 
(42
)
 
74

Balance at March 31, 2019
$
198,075

 
$
53,885

 
$
71,613

 
$
323,573



Acquired Intangible Assets
Acquired intangible assets consist of the following (in thousands):
 
March 31, 2019
 
December 31, 2018
 
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Estimated 
Life
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
$
43,870

 
$

 
$
43,870

 
$

 
Indefinite
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks
6,114

 
3,669

 
6,094

 
3,518

 
3 to 15 Years
Unpatented technology
28,644

 
14,352

 
28,644

 
13,881

 
5 to 20 Years
Customer relationships
70,348

 
36,791

 
70,419

 
35,678

 
5 to 17 Years
Non-compete agreements
1,649

 
1,293

 
1,649

 
1,224

 
4 to 10 Years
 
106,755

 
56,105

 
106,806

 
54,301

 
 
Total acquired intangible assets
$
150,625

 
$
56,105

 
$
150,676

 
$
54,301

 
 


The following table summarizes the acquired intangible asset amortization expense for the three months ended March 31 (in thousands):
 
Three Months Ended 
 March 31,
 
2019
 
2018
Amortization expense
$
1,797

 
$
2,139



Amortization expense related to acquired intangible assets for the remainder of fiscal 2019 and the next five years thereafter is estimated as follows (in thousands):
 
2019
 
2020
 
2021
 
2022
 
2023
 
2024
Amortization expense
$
5,390

 
$
6,895

 
$
6,700

 
$
6,222

 
$
5,684

 
$
5,428