Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets, net of accumulated amortization, at September 30, 2019 and December 31, 2018 are as follows (in thousands):



	September 30, 2019		December 31, 2018
Goodwill	$	654,544	$	647,077
Other intangible assets, net	840,102		870,517
Total goodwill and other intangible assets, net	$	1,494,646	$	1,517,594

The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 were as follows (in thousands):



	Nine months ended September 30, 2019
Goodwill, beginning of period	$	647,077
Goodwill adjustments related to businesses acquired	10,682
Currency translation effect on foreign goodwill balances	(3,215		)
Goodwill, end of period	$	654,544

The components of other intangible assets were as follows (in thousands):



	Total estimated life (years)	September 30, 2019			December 31, 2018
Non-amortizable—indefinite lived:
Brand/trade names		$	441,746		$	442,299
Amortizable:
Non-compete agreements	4	2,630			2,630
Dealer/customer related	5-20	505,150			506,401
Developed technology	5-7	13,158			13,323
Total amortizable		520,938			522,354
Less: Accumulated amortization		(122,582		)	(94,136		)
Net amortized other intangible assets		398,356			428,218
Total other intangible assets, net		$	840,102		$	870,517

Amortization expense for intangible assets for the three months ended September 30, 2019 and 2018 was $10,428,000 and $10,403,000, respectively. Estimated amortization expense for the remainder of 2019 through 2024 is as follows: 2019 (remainder), $10,261,000; 2020, $35,978,000; 2021, $33,240,000; 2022, $28,281,000; 2023, $25,757,000; 2024, $25,054,000; and after 2024, $239,785,000. 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.