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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2019
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | Note 12—Goodwill and Other Intangible Assets ​ The changes in the carrying amount of goodwill by segment were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Interconnect |  | Cable |  | ​ | ​ |
​ | ​ | Products and | ​ | Products and | ​ | ​ | ​ |
​ | ​ | Assemblies | ​ | Solutions | ​ | Total |
Goodwill at December 31, 2018 | ​ | $ | 3,956.7 | ​ | $ | 146.5 | ​ | $ | 4,103.2 | ​
Acquisition-related | ​ |  | 703.5 | ​ |  | 10.6 | ​ |  | 714.1 | ​
Foreign currency translation | ​ |  | (67.3) | ​ |  | — | ​ |  | (67.3) | ​
Goodwill at September 30, 2019 | ​ | $ | 4,592.9 | ​ | $ | 157.1 | ​ | $ | 4,750.0 | ​
​ The increase in goodwill, net of foreign currency translation, during the first nine months of 2019 is due to the Company’s acquisitions during this period. ​ The Company performs its annual evaluation for the impairment of goodwill for the Company’s reporting units as of each July 1 or more frequently if an event occurs or circumstances change that would indicate that a reporting unit’s carrying amount may be impaired. The Company has defined its reporting units as the two reportable business segments “Interconnect Products and Assemblies” and “Cable Products and Solutions”, as the components of these reportable business segments have similar economic characteristics. In 2019, as part of our annual evaluation, the Company utilized the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment assessment. As part of this assessment, the Company reviews qualitative factors which include, but are not limited to, economic, market and industry conditions, as well as the financial performance of each reporting unit. In accordance with applicable guidance, an entity is not required to calculate the fair value of a reporting unit if, after assessing these qualitative factors, the Company determines that it is more likely than not that its reporting unit’s fair value is greater than its carrying amount. During the third quarter of 2019, the Company determined that it was more likely than not that the fair value of its reporting units exceeded their respective carrying amounts and therefore, a quantitative assessment was not required. There has been no goodwill impairment in 2019, 2018 or 2017 in connection with our impairment tests. ​ Other than goodwill noted above, the Company’s intangible assets as of September 30, 2019 and December 31, 2018 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | September 30, 2019 | ​ | December 31, 2018
​ | Weighted | ​ | Gross |  | ​ |  | Net |  | Gross |  | ​ |  | Net
​ | Average | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ | Life (years) | ​ | Amount | ​ | Amortization | ​ | Amount | ​ | Amount | ​ | Amortization | ​ | Amount
Customer relationships | 9 | ​ | $ | 440.3 | ​ | $ | 260.6 | ​ | $ | 179.7 | ​ | $ | 399.2 | ​ | $ | 234.7 | ​ | $ | 164.5
Proprietary technology | 11 | ​ |  | 155.9 | ​ |  | 70.6 | ​ | ​ | 85.3 | ​ |  | 107.5 | ​ |  | 60.5 | ​ | ​ | 47.0
Backlog and other | 2 | ​ |  | 49.7 | ​ |  | 49.4 | ​ | ​ | 0.3 | ​ |  | 34.0 | ​ |  | 33.7 | ​ | ​ | 0.3
Total intangible assets (definite-lived) | 9 | ​ | ​ | 645.9 | ​ | ​ | 380.6 | ​ | ​ | 265.3 | ​ | ​ | 540.7 | ​ | ​ | 328.9 | ​ | ​ | 211.8
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names (indefinite-lived) | ​ | ​ | ​ | 186.1 | ​ | ​ | ​ | ​ | ​ | 186.1 | ​ | ​ | 186.1 | ​ | ​ | ​ | ​ | ​ | 186.1
​ | ​ | ​ | $ | 832.0 | ​ | $ | 380.6 | ​ | $ | 451.4 | ​ | $ | 726.8 | ​ | $ | 328.9 | ​ | $ | 397.9
​ Intangible assets are included in Intangibles, net and other long-term assets in the accompanying Condensed Consolidated Balance Sheets. The increase in the carrying amounts of intangible assets during the first nine months of 2019 was primarily due to intangible assets acquired as a result of the SSI acquisition, along with the other acquisitions closed during the period. The amortization expense for the three months ended September 30, 2019 and 2018 was approximately $13.6 and $11.6, respectively. The amortization expense for the nine months ended September 30, 2019 and 2018 was approximately $54.0 and $35.4, respectively. Amortization expense during the nine months ended September 30, 2019 includes $15.7 related to the amortization of acquired backlog, primarily associated with the SSI acquisition. As of September 30, 2019, amortization expense relating to the Company’s current intangible assets estimated for the remainder of 2019 is approximately $13.1 and for each of the next five fiscal years is approximately $48.4 in 2020, $43.8 in 2021, $36.6 in 2022, $33.9 in 2023 and $28.8 in 2024. ​ The Company reviews its identifiable intangible assets subject to amortization whenever events or changes in circumstances indicate the carrying amount may not be recoverable, while any indefinite-lived intangible assets that are not subject to amortization are reviewed at least annually for impairment. In the third quarter of 2019, the Company performed its annual assessment of these identifiable indefinite-lived intangible assets. Based on our qualitative assessment, the Company determined that it was more likely than not that the fair value of the indefinite-lived intangible assets exceeded their respective carrying amounts. There has been no impairment in 2019, 2018 or 2017 as a result of such reviews.

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