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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Amortized Intangible Assets The components of amortized intangible assets at March 30, 2019 and December 29, 2018 were as follows:
| March 30, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 240,786 |  |  | $ | 136,961 |  |  | 13 years
Patents & Proprietary Technology | 23,396 |  |  | 5,232 |  |  | 14 years
Other | 7,918 |  |  | 6,887 |  |  | 5 years
| $ | 272,100 |  |  | $ | 149,080 |  |  |
| 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 |  |  |
Amortization expense for intangible assets for the thirteen weeks ended March 30, 2019 and March 31, 2018, respectively was as follows:
Thirteen Weeks Ended
2019 |  | 2018
$ | 4,390 |  |  | $ | 3,883 |
Estimated annual amortization expense related to finite‑lived intangible assets is as follows:
| Estimated Amortization Expense
2019 | $ | 18,238 |
2020 | 17,404 |
2021 | 15,378 |
2022 | 13,228 |
2023 | 11,483 |
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. (5) GOODWILL AND INTANGIBLE ASSETS (Continued) Non-amortized intangible assets Intangible assets with indefinite lives are not amortized. The carrying values of trade names at March 30, 2019 and December 29, 2018 were as follows:
| March 30, 2019 |  | December 29, 2018 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Webforge | 9,105 |  |  | 8,872 |  |  | 2010
Convert Italia S.p.A | 8,414 |  |  | 8,580 |  |  | 2018
Valmont SM | 7,999 |  |  | 8,155 |  |  | 2015
Ingal EPS/Ingal Civil Products | 7,423 |  |  | 7,233 |  |  | 2010
Walpar | 4,300 |  |  | 4,300 |  |  | 2018
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Other | 17,525 |  |  | 16,472 |  |  |
| $ | 69,877 |  |  | $ | 68,723 |  |  |
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 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 in the third quarter of 2018. No other trade names were determined to be impaired. Goodwill The carrying amount of goodwill by segment as of March 30, 2019 and December 29, 2018 was as follows:
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  | Total
Gross Balance December 29, 2018 | $ | 204,735 |  |  | $ | 123,618 |  |  | $ | 80,937 |  |  | $ | 25,164 |  |  | $ | 434,454 |
Accumulated impairment losses | (18,670 | ) |  | (14,355 | ) |  | (16,222 | ) |  | — |  |  | (49,247 | )
Balance at December 29, 2018 | 186,065 |  |  | 109,263 |  |  | 64,715 |  |  | 25,164 |  |  | 385,207 |
Acquisitions | 14,494 |  |  | — |  |  | 15,720 |  |  | — |  |  | 30,214 |
Foreign currency translation | 1,930 |  |  | (710 | ) |  | 300 |  |  | 55 |  |  | 1,575 |
Balance at March 30, 2019 | $ | 202,489 |  |  | $ | 108,553 |  |  | $ | 80,735 |  |  | $ | 25,219 |  |  | $ | 416,996 |
(5) GOODWILL AND INTANGIBLE ASSETS (Continued) 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, 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 of 2018 totaling $14,355, which represents all of the goodwill of the offshore and other complex steel reporting unit. For the remaining reporting units, the Company determined that its goodwill was not impaired, as the valuation of the reporting units exceeded their respective carrying values.

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