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Other Intangible Assets
9 Months Ended
Sep. 25, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
Information related to other intangible assets follows (dollars in thousands):
 
Estimated
Life
(years)
 
Cost      
 
Accumulated Amortization
 
Foreign Currency Translation  
 
Book Value
September 25, 2015
 
 
 
 
 
 
 
 
 
Customer relationships
3 - 14
 
$
197,648

 
$
(33,055
)
 
$
(8,187
)
 
$
156,406

Patents, proprietary technology and product documentation
3 - 11
 
20,274

 
(8,433
)
 
(592
)
 
11,249

Trademarks, trade names and other
5
 
495

 
(112
)
 
(103
)
 
280

 
 
 
218,417

 
(41,600
)
 
(8,882
)
 
167,935

Not Subject to Amortization:
 
 
 
 
 
 
 
 
 
Brand names
 
 
69,164

 

 
(3,241
)
 
65,923

Total
 
 
$
287,581

 
$
(41,600
)
 
$
(12,123
)
 
$
233,858

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 26, 2014
 
 
 
 
 
 
 
 
 
Customer relationships
3 - 14
 
$
143,144

 
$
(21,948
)
 
$
(7,334
)
 
$
113,862

Patents, proprietary technology and product documentation
3 - 11
 
18,268

 
(7,126
)
 
(655
)
 
10,487

Trademarks, trade names and other
5
 
175

 
(44
)
 

 
131

 
 
 
161,587

 
(29,118
)
 
(7,989
)
 
124,480

Not Subject to Amortization:
 
 
 
 
 
 
 
 
 
Brand names
 
 
55,265

 

 
(3,467
)
 
51,798

Total
 
 
$
216,852

 
$
(29,118
)
 
$
(11,456
)
 
$
176,278



Amortization of intangibles for the quarter was $4.4 million in 2015 and $2.6 million in 2014 and for the year-to-date was $12.9 million in 2015 and $8.5 million in 2014. Estimated annual amortization expense is as follows: $17.2 million in 2015, $17.2 million in 2016, $16.9 million in 2017, $16.7 million in 2018, $16.4 million in 2019 and $96.4 million thereafter.

Changes in the carrying amount of goodwill in 2015 were as follows (in thousands): 
 
Industrial    
 
Process    
 
Contractor    
 
Total    
Beginning balance
$
188,273

 
$
91,569

 
$
12,732

 
$
292,574

Additions from business acquisitions
5,037

 
101,730

 

 
106,767

Foreign currency translation
(683
)
 
(1,336
)
 

 
(2,019
)
Ending balance
$
192,627

 
$
191,963

 
$
12,732

 
$
397,322



Goodwill is reviewed for impairment annually in the fourth quarter and whenever events or changes in business circumstances indicate the carrying value of the goodwill may not be recoverable. In the last 12 months, the Company made investments in businesses with presence in Oil and Natural Gas markets. The Company has considered the impact of recent weakness in those markets on its investments and concluded that further impairment analysis was not required, however prolonged or deepened weakness could subject those investments to impairment in the future.