Note 12 – Goodwill and Other Intangible Assets

Goodwill and indefinite-lived assets, such as certain trade names acquired in connection with the acquisition of our European operations on May 30, 2017, are not amortized, but are instead evaluated for impairment on an annual basis at the end of the fiscal year, or more frequently if events or circumstances indicate that impairment may be more likely than not. During the three and nine months ended September 30, 2018, no impairment charges have been taken against the company’s goodwill or indefinite-lived intangible assets. The carrying amount of goodwill arose from the Acquisition described in Note 3, “Acquisition.”

The company’s finite lived intangible assets are amortized on a straight-line basis over their estimated useful lives. Following is a summary of the company’s finite-lived and indefinite-lived intangible assets as of September 30, 2018.


	December 31, 2017		Amortization Expense			Currency Translation			September 30, 2018		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	8,490	$	(1,432	)	$	(226	)	$	6,832		4-5
Technology		14,150		(2,387	)		(377	)		11,386		3-5
Customer relationships		165,746		(16,087	)		(4,701	)		144,958		5-10

Total finite		188,386		(19,906	)		(5,304	)		163,176
Trade names		15,087		—			(497	)		14,590		Indefinite

Total	$	203,473	$	(19,906	)	$	(5,801	)	$	177,766

Amortization expense for the three and nine months ended September 30, 2018 was $6.5 million and $19.9 million, while the corresponding amount for the three and nine months ended October 1, 2017 was $6.7 million and $9.1 million. The anticipated annual amortization expense for these intangible assets is $26.2 million for 2018, $25.0 million for 2019 to 2021, $22.2 million for 2022, and $20.2 million for 2023.