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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 | 7. GOODWILL AND INTANGIBLE ASSETS Goodwill A summary of changes in goodwill by segment for the three months ended March 30, 2019, is as follows:
|  | Hydraulics |  |  | Electronics |  |  | Total |
Balance at December 29, 2018 |  | $ | 276,758 |  |  | $ | 106,373 |  |  | $ | 383,131 |
Faster acquisition measurement period adjustment |  |  | (343 | ) |  |  | — |  |  |  | (343 | )
Currency translation |  |  | (5,182 | ) |  |  | — |  |  |  | (5,182 | )
Balance at March 30, 2019 |  | $ | 271,233 |  |  | $ | 106,373 |  |  | $ | 377,606 |
Intangible Assets At March 30, 2019, and December 29, 2018, intangible assets consisted of the following:
|  | March 30, 2019 |  |  | December 29, 2018 |
|  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |  |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Definite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names and brands |  | $ | 56,155 |  |  | $ | (5,429 | ) |  | $ | 50,726 |  |  | $ | 56,604 |  |  | $ | (4,712 | ) |  | $ | 51,892 |
Non-compete agreements |  |  | 950 |  |  |  | (443 | ) |  |  | 507 |  |  |  | 950 |  |  |  | (396 | ) |  |  | 554 |
Technology |  |  | 31,770 |  |  |  | (6,268 | ) |  |  | 25,502 |  |  |  | 32,004 |  |  |  | (5,488 | ) |  |  | 26,516 |
Supply agreement |  |  | 21,000 |  |  |  | (4,900 | ) |  |  | 16,100 |  |  |  | 21,000 |  |  |  | (4,375 | ) |  |  | 16,625 |
Customer relationships |  |  | 228,650 |  |  |  | (12,394 | ) |  |  | 216,256 |  |  |  | 232,275 |  |  |  | (10,168 | ) |  |  | 222,107 |
Licensing agreement |  |  | 3,716 |  |  |  | (922 | ) |  |  | 2,794 |  |  |  | 3,716 |  |  |  | (862 | ) |  |  | 2,854 |
|  | $ | 342,241 |  |  | $ | (30,356 | ) |  | $ | 311,885 |  |  | $ | 346,549 |  |  | $ | (26,001 | ) |  | $ | 320,548 |
Amortization expense for the three months ended March 30, 2019, and March 31, 2018, was $4,521 and $2,049, respectively. Remaining amortization for 2019 is approximately $13,706. Total estimated amortization expense for the years 2020 through 2024 is presented below.
Year: |  |  |  |
2020 |  | $ | 18,164 |
2021 |  |  | 18,064 |
2022 |  |  | 17,801 |
2023 |  |  | 17,741 |
2024 |  |  | 17,087 |
Total |  | $ | 88,857 |

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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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