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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Amortized Intangible Assets The components of amortized intangible assets at December 29, 2018 and December 30, 2017 were as follows:
| December 29, 2018
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 219,508 |  |  | $ | 132,180 |  |  | 13 years
Patents & Proprietary Technology | 23,662 |  |  | 4,837 |  |  | 14 years
Other | 7,971 |  |  | 6,891 |  |  | 5 years
| $ | 251,141 |  |  | $ | 143,908 |  |  |
| December 30, 2017
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 200,810 |  |  | $ | 131,062 |  |  | 13 years
Patents & Proprietary Technology | 6,693 |  |  | 3,999 |  |  | 11 years
Other | 8,532 |  |  | 7,228 |  |  | 5 years
| $ | 216,035 |  |  | $ | 142,289 |  |  |
Amortization expense for intangible assets was $15,328, $15,911 and $15,935 for the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016, respectively. Estimated annual amortization expense related to finite‑lived intangible assets is as follows:
| Estimated Amortization Expense
2019 | $ | 16,170 |
2020 | 15,082 |
2021 | 13,079 |
2022 | 10,976 |
2023 | 9,264 |
The useful lives assigned to finite‑lived intangible assets included consideration of factors such as the Company’s past and expected experience related to customer retention rates, the remaining legal or contractual life of the underlying arrangement that resulted in the recognition of the intangible asset and the Company’s expected use of the intangible asset. Non-amortized intangible assets Intangible assets with indefinite lives are not amortized. The carrying values of trade names at December 29, 2018 and December 30, 2017 were as follows: (8) GOODWILL AND INTANGIBLE ASSETS (Continued)
| December 29, 2018 |  | December 30, 2017 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Webforge | 8,872 |  |  | 9,432 |  |  | 2010
Valmont SM | 8,155 |  |  | 9,973 |  |  | 2014
Ingal EPS/Ingal Civil Products | 7,233 |  |  | 7,690 |  |  | 2010
Donhad | — |  |  | 5,801 |  |  | 2010
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Walpar | 4,300 |  |  | — |  |  | 2018
Convert | 8,580 |  |  | — |  |  | 2018
Other | 16,472 |  |  | 16,846 |  |  |
| $ | 68,723 |  |  | $ | 64,853 |  |  |
In its determination of these intangible assets as indefinite‑lived, the Company considered such factors as its expected future use of the intangible asset, legal, regulatory, technological and competitive factors that may impact the useful life or value of the intangible asset and the expected costs to maintain the value of the intangible asset. The Company expects that these intangible assets will maintain their value indefinitely. Accordingly, these assets are not amortized. The Company's trade names were tested for impairment separately from goodwill in the third quarter of 2018. The values of each trade name was determined using the relief-from-royalty method. Based on this evaluation, the value of the offshore and other complex steel structures (Valmont SM) trade name was deemed to be impaired and the Company recorded a charge of $1,425. No other trade names were determined to be impaired. Goodwill The carrying amount of goodwill by segment as of December 29, 2018 and December 30, 2017 was as follows:
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  | Other |  | Total
Gross Balance at December 30, 2017 | $ | 170,076 |  |  | $ | 90,248 |  |  | $ | 76,696 |  |  | $ | 19,778 |  |  | $ | 15,814 |  |  | $ | 372,612 |
Accumulated impairment losses | (18,670 | ) |  | — |  |  | (16,222 | ) |  | — |  |  | — |  |  | (34,892 | )
Balance at December 30, 2017 | 151,406 |  |  | 90,248 |  |  | 60,474 |  |  | 19,778 |  |  | 15,814 |  |  | $ | 337,720 |
Acquisitions | 42,216 |  |  | 34,280 |  |  | 5,120 |  |  | 5,503 |  |  | — |  |  | 87,119 |
Impairment | — |  |  | (14,355 | ) |  | — |  |  | — |  |  | — |  |  | (14,355 | )
Divestiture of grinding media | — |  |  | — |  |  | — |  |  | — |  |  | (15,814 | ) |  | (15,814 | )
Foreign currency translation | (7,557 | ) |  | (910 | ) |  | (879 | ) |  | (117 | ) |  | — |  |  | (9,463 | )
Balance at December 29, 2018 | $ | 186,065 |  |  | $ | 109,263 |  |  | $ | 64,715 |  |  | $ | 25,164 |  |  | $ | — |  |  | $ | 385,207 |
(8) GOODWILL AND INTANGIBLE ASSETS (Continued)
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  | Other |  | Total
Gross Balance at December 31, 2016 | $ | 157,689 |  |  | $ | 88,451 |  |  | $ | 75,791 |  |  | $ | 19,611 |  |  | $ | 14,460 |  |  | $ | 356,002 |
Accumulated impairment losses | (18,670 | ) |  | — |  |  | (16,222 | ) |  | — |  |  | — |  |  | (34,892 | )
Balance at December 31, 2016 | 139,019 |  |  | 88,451 |  |  | 59,569 |  |  | 19,611 |  |  | 14,460 |  |  | 321,110 |
Acquisitions | 3,449 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,449 |
Foreign currency translation | 8,938 |  |  | 1,797 |  |  | 905 |  |  | 167 |  |  | 1,354 |  |  | 13,161 |
Balance at December 30, 2017 | $ | 151,406 |  |  | $ | 90,248 |  |  | $ | 60,474 |  |  | $ | 19,778 |  |  | $ | 15,814 |  |  | $ | 337,720 |
The Company’s annual impairment test of goodwill was performed during the third quarter of 2018, using the discounted cash flow method. The Company previously highlighted significant, adverse challenges in the wind energy market in Northern Europe that impacts our Offshore and other complex steel structures business. A lack of protective tariffs has led to an extremely competitive environment in that region. Lower near-term financial projections and an approximately 15% decline in the undiscounted terminal value applied in the 2018 test, when compared to the 2017 annual impairment test, is a result of challenging onshore wind and energy transmission structures pricing that is difficult to predict when it will recover. This resulted in an estimated fair value of the Offshore and other complex steel structures reporting unit below the Company’s investment in this business. As a result, a goodwill impairment was recorded in the third quarter totaling $14,355, which represents all of the goodwill of the offshore and other complex steel reporting unit.

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