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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, at September 30, 2018 and December 31, 2017 are as follows (in thousands):
 
September 30, 2018
 
December 31, 2017
Goodwill
$
637,486

 
$
433,374

Other intangible assets, net
877,945

 
347,212

Total goodwill and other intangible assets, net
$
1,515,431

 
$
780,586


Additions to goodwill and other intangible assets in 2018 relate to the acquisition of Boat Holdings in July 2018. The aggregate purchase price was allocated on a preliminary basis to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Boat Holding’s financial results are included in the Company’s consolidated results from the date of acquisition. As of September 30, 2018, the purchase price allocation remains preliminary. The pro forma financial results and the preliminary purchase price allocation are included in Note 3. There were no material additions to goodwill and other intangible assets for the three and nine months ended September 30, 2017.
The changes in the carrying amount of goodwill for the nine months ended September 30, 2018 were as follows (in thousands):
 
Nine months ended September 30, 2018
Goodwill, beginning of period
$
433,374

Goodwill from businesses acquired
207,126

Currency translation effect on foreign goodwill balances
(3,014
)
Goodwill, end of period
$
637,486


The components of other intangible assets were as follows (in thousands):
 
Total estimated life (years)
 
September 30, 2018
 
December 31, 2017
Non-amortizable—indefinite lived:
 
 
 
 
 
Brand names
 
 
$
440,976

 
$
230,709

Amortizable:
 
 
 
 
 
Non-compete agreements
4
 
2,370

 
540

Dealer/customer related
5-20
 
505,543

 
169,694

Developed technology
5-7
 
13,368

 
22,903

Total amortizable
 
 
521,281

 
193,137

Less: Accumulated amortization
 
 
(84,312
)
 
(76,634
)
Net amortized other intangible assets
 
 
436,969

 
116,503

Total other intangible assets, net
 
 
$
877,945

 
$
347,212


Amortization expense for intangible assets for the three and nine months ended September 30, 2018 was $10,403,000 and $22,586,000, respectively, compared to $6,344,000 and $18,792,000 for the comparable prior year periods. Estimated amortization expense for the remainder of 2018 through 2023 is as follows: 2018 (remainder), $10,500,000; 2019, $40,500,000; 2020, $35,500,000; 2021, $32,700,000; 2022, $27,700,000; 2023, $25,300,000; and after 2023, $264,800,000. The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairment of intangible assets.