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GOODWILL AND INTANGIBLES | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES The changes in the carrying amount of goodwill by reportable segments for the years ended December 31, 2019 and 2018 were as follows:
|  | Americas Welding |  | International Welding |  | The Harris Products Group |  | Consolidated
Balance as of December 31, 2017 |  | $ | 197,259 |  |  | $ | 25,667 |  |  | $ | 11,656 |  |  | $ | 234,582 |
Additions and adjustments (1) |  | 44,408 |  |  | 1,224 |  |  | 6,525 |  |  | 52,157 |
Foreign currency translation |  | (2,452 | ) |  | (2,643 | ) |  | (350 | ) |  | (5,445 | )
Balance as of December 31, 2018 |  | 239,215 |  |  | 24,248 |  |  | 17,831 |  |  | 281,294 |
Additions and adjustments (2) |  | 37,346 |  |  | 17,254 |  |  | (613 | ) |  | 53,987 |
Foreign currency translation |  | 1,935 |  |  | (28 | ) |  | (81 | ) |  | 1,826 |
Balance as of December 31, 2019 |  | $ | 278,496 |  |  | $ | 41,474 |  |  | $ | 17,137 |  |  | $ | 337,107 |
(1) | Additions to Americas Welding reflect goodwill recognized in the acquisitions of Coldwater, Pro Systems and Inovatech in 2018. Additions to The Harris Products Group reflect goodwill recognized in the acquisition of Worthington in 2018.
(2) Additions to Americas Welding reflect goodwill recognized in the acquisition of Baker in 2019. Additions to International Welding reflect goodwill recognized in the acquisition of Askaynak in 2019. Gross carrying values and accumulated amortization of intangible assets other than goodwill by asset class were as follows:
|  | December 31, 2019 |  | December 31, 2018
|  | Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Intangible assets not subject to amortization |  |  |  |  |  |  |  |
Trademarks and trade names |  | $ | 22,020 |  |  |  |  | $ | 23,385 |  |  |
Intangible assets subject to amortization |  |  |  |  |  |  |  |
Trademarks and trade names |  | $ | 65,957 |  |  | $ | 31,284 |  |  | $ | 50,458 |  |  | $ | 26,357 |
Customer relationships |  | 140,198 |  |  | 62,242 |  |  | 113,837 |  |  | 52,518 |
Patents |  | 25,931 |  |  | 13,633 |  |  | 26,848 |  |  | 13,307 |
Other |  | 70,463 |  |  | 39,612 |  |  | 60,373 |  |  | 34,773 |
Total intangible assets subject to amortization |  | $ | 302,549 |  |  | $ | 146,771 |  |  | $ | 251,516 |  |  | $ | 126,955 |
During 2019, the Company acquired intangible assets either individually or as part of a group of assets, with an initial purchase price allocation and weighted-average lives as follows:
|  | Year Ended December 31, 2019
|  | Purchase Price Allocation |  | Weighted Average Life
Acquired intangible assets subject to amortization |  |  |  |
Trademarks and trade names |  | 14,500 |  |  | 9
Customer relationships |  | 27,600 |  |  | 10
Other |  | 7,970 |  |  | 9
Total acquired intangible assets subject to amortization |  | 50,070 |  |  |
Aggregate amortization expense was $20,755, $15,744 and $15,671 for 2019, 2018 and 2017, respectively. Estimated annual amortization expense for intangible assets for each of the next five years is $22,002 in 2020, $21,191 in 2021, $20,267 in 2022, $18,247 in 2023 and $15,740 in 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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