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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 28, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of changes in goodwill | Goodwill A summary of changes in goodwill by segment for the nine months ended September 28, 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 | )
Custom Fluidpower acquisition measurement period adjustment |  |  | 1,205 |  |  |  | — |  |  |  | 1,205 |
Currency translation |  |  | (12,190 | ) |  |  | — |  |  |  | (12,190 | )
Balance at September 28, 2019 |  | $ | 265,430 |  |  | $ | 106,373 |  |  | $ | 371,803 |
Schedule of intangible assets | Intangible Assets At September 28, 2019, and December 29, 2018, intangible assets consisted of the following:
|  | September 28, 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 |  | $ | 55,483 |  |  | $ | (6,862 | ) |  | $ | 48,621 |  |  | $ | 56,604 |  |  | $ | (4,712 | ) |  | $ | 51,892 |
Non-compete agreements |  |  | 950 |  |  |  | (538 | ) |  |  | 412 |  |  |  | 950 |  |  |  | (396 | ) |  |  | 554 |
Technology |  |  | 31,414 |  |  |  | (7,821 | ) |  |  | 23,593 |  |  |  | 32,004 |  |  |  | (5,488 | ) |  |  | 26,516 |
Supply agreement |  |  | 21,000 |  |  |  | (5,951 | ) |  |  | 15,049 |  |  |  | 21,000 |  |  |  | (4,375 | ) |  |  | 16,625 |
Customer relationships |  |  | 223,854 |  |  |  | (16,847 | ) |  |  | 207,007 |  |  |  | 232,275 |  |  |  | (10,168 | ) |  |  | 222,107 |
Licensing agreement |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,716 |  |  |  | (862 | ) |  |  | 2,854 |
|  | $ | 332,701 |  |  | $ | (38,019 | ) |  | $ | 294,682 |  |  | $ | 346,549 |  |  | $ | (26,001 | ) |  | $ | 320,548 |
Schedule of estimated amortization expense of intangible assets | Amortization expense for the nine months ended September 28, 2019, and September 29, 2018, was $13,544 and $17,174, respectively. Total estimated amortization expense for the remainder of 2019 and for the years 2020 through 2024 is presented below.
Year: |  |  |  |
2019 Remaining |  | $ | 4,492 |
2020 |  |  | 17,660 |
2021 |  |  | 17,560 |
2022 |  |  | 17,297 |
2023 |  |  | 17,237 |
2024 |  |  | 16,582 |
Total |  | $ | 90,828 |

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