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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill and other intangible assets, net of accumulated amortization, as of December 31, 2019 and 2018 are as follows (in thousands):
| 2019 |  | 2018
Goodwill | $ | 659,937 |  |  | $ | 647,077 |
Other intangible assets, net | 830,298 |  |  | 870,517 |
Total goodwill and other intangible assets, net | $ | 1,490,235 |  |  | $ | 1,517,594 |
There were no material additions to goodwill and other intangible assets in 2019. Additions to goodwill and other intangible assets in 2018 primarily relate to the acquisition of Boat Holdings in July 2018. The aggregate purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. Boat Holding’s financial results are included in the Company’s consolidated results from the date of acquisition. The pro forma financial results and the purchase price allocation are included in Note 3. The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows (in thousands):
| 2019 |  | 2018
Balance as of beginning of year | $ | 647,077 |  |  | $ | 433,374 |
Goodwill acquired and related adjustments | 14,157 |  |  | 218,191 |
Currency translation effect on foreign goodwill balances | (1,297 | ) |  | (4,488 | )
Balance as of end of year | $ | 659,937 |  |  | $ | 647,077 |
For other intangible assets, the changes in the net carrying amount for the years ended December 31, 2019 and 2018 are as follows (in thousands):
| 2019 |  | 2018
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Other intangible assets, beginning | $ | 964,653 |  |  | $ | (94,136 | ) |  | $ | 423,846 |  |  | $ | (76,634 | )
Intangible assets acquired during the period | 1,077 |  |  | — |  |  | 557,390 |  |  | — |
Intangible assets disposed of during the period | (7,114 | ) |  | 7,114 |  |  | (13,659 | ) |  | 13,659 |
Amortization expense | — |  |  | (40,882 | ) |  | — |  |  | (32,927 | )
Currency translation effect on foreign balances | (1,788 | ) |  | 1,374 |  |  | (2,924 | ) |  | 1,766 |
Other intangible assets, ending | $ | 956,828 |  |  | $ | (126,530 | ) |  | $ | 964,653 |  |  | $ | (94,136 | )
The components of other intangible assets were as follows (in thousands):
December 31, 2019 | Estimated Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2,630 |  |  | $ | (986 | ) |  | $ | 1,644 |
Dealer/customer related | 5-20 |  | 499,513 |  |  | (116,142 | ) |  | 383,371 |
Developed technology | 5-7 |  | 12,655 |  |  | (9,402 | ) |  | 3,253 |
Total amortizable |  |  | 514,798 |  |  | (126,530 | ) |  | 388,268 |
Non-amortizable—brand/trade names |  |  | 442,030 |  |  | — |  |  | 442,030 |
Total other intangible assets, net |  |  | $ | 956,828 |  |  | $ | (126,530 | ) |  | $ | 830,298 |
December 31, 2018 | Estimated Life (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Non-compete agreements | 4 |  | $ | 2,630 |  |  | $ | (329 | ) |  | $ | 2,301 |
Dealer/customer related | 5-20 |  | 506,401 |  |  | (85,614 | ) |  | 420,787 |
Developed technology | 5-7 |  | 13,323 |  |  | (8,193 | ) |  | 5,130 |
Total amortizable |  |  | 522,354 |  |  | (94,136 | ) |  | 428,218 |
Non-amortizable—brand/trade names |  |  | 442,299 |  |  | — |  |  | 442,299 |
Total other intangible assets, net |  |  | $ | 964,653 |  |  | $ | (94,136 | ) |  | $ | 870,517 |
Amortization expense for intangible assets for the year ended December 31, 2019 and 2018 was $40,882,000 and $32,927,000, respectively. Estimated amortization expense for 2020 through 2024 is as follows: 2020, $36,056,000; 2021, $33,288,000; 2022, $28,323,000; 2023, $25,791,000; 2024, $25,023,000; and after 2024, $239,787,000. The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairment of intangible assets.

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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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