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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Intangible Assets and Goodwill | We are continuing to amortize certain patents, trademarks and names, customer contracts, relationships and technology assets that have finite lives. The changes in intangible assets and goodwill from December 31, 2017 to December 31, 2019, were as follows:
(in thousands, except for years) |  | Amortization life in years |  | Balance at December 31, 2018 |  | Aquisition |  | Amortization |  | Currency Translation |  | Balance at December 31, 2019
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
AEC trademarks and trade names |  | 6-15 |  | $11 |  | $68 |  | $(6) |  | $— |  | $73
AEC technology |  | 10-15 |  | 56 |  | 5,821 |  | (73) |  | — |  | 5,804
AEC Intellectual property |  | 15 |  | — |  | 1,250 |  | (7) |  | — |  | 1,243
AEC customer contracts |  | 6 |  | 9,456 |  | — |  | (2,912) |  | — |  | 6,544
AEC customer relationships |  | 8-15 |  | 39,538 |  | 2,834 |  | (3,247) |  | 22 |  | 39,147
AEC other intangibles |  | 5 |  | 145 |  | — |  | (64) |  | — |  | 81
Total amortized intangible assets |  |  |  | $49,206 |  | $9,973 |  | $(6,309) |  | $22 |  | $52,892
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
MC Goodwill |  |  |  | $68,652 |  | $— |  | $— |  | $(980) |  | $67,672
AEC Goodwill |  |  |  | 95,730 |  | 17,343 |  | — |  | 189 |  | 113,262
Total amortized intangible assets |  |  |  | $164,382 |  | $17,343 |  | $— |  | $(791) |  | $180,934
(in thousands, except for years) |  | Amortization life in years |  | Balance at December 31, 2017 |  | Amortization |  | Currency Translation |  | Balance at December 31, 2018
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |
AEC trademarks and trade names |  | 15 |  | $15 |  | $(4) |  | $— |  | $11
AEC technology |  | 15 |  | 80 |  | (24) |  | — |  | 56
AEC customer contracts |  | 6 |  | 12,369 |  | (2,913) |  | — |  | 9,456
AEC customer relationships |  | 15 |  | 42,767 |  | (3,229) |  | — |  | 39,538
AEC other intangibles |  | 5 |  | 210 |  | (65) |  | — |  | 145
Total amortized intangible assets |  |  |  | $55,441 |  | $(6,235) |  | $— |  | $49,206
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |
MC Goodwill |  |  |  | $71,066 |  | $— |  | $(2,414) |  | $68,652
AEC Goodwill |  |  |  | 95,730 |  | — |  | — |  | 95,730
Total amortized intangible assets |  |  |  | $166,796 |  | $— |  | $(2,414) |  | $164,382
As of December 31, 2019, the gross carrying amount and accumulated amortization of amortized intangible assets was $76.7 million and $23.8 million, respectively.
Schedule of Estimated Amortization Expense | Amortization expense related to intangible assets was reported in the Consolidated Statement of Income as follows: $3.0 million in Cost of goods sold and $3.3 million in Selling, general and administrative expenses in 2019; $2.9 million in Cost of goods sold and $3.3 million in Selling, general and administrative expenses in 2018; and $3.3 million in Cost of goods sold and $3.6 million in Selling, general and administrative expenses in 2017. Estimated amortization expense of intangibles for the years ending December 31, 2020 through 2024, is as follows:
|  | Annual amortization
Year |  | (in thousands)
2020 |  | $7,141
2021 |  | 7,071
2022 |  | 4,856
2023 |  | 4,135
2024 |  | 4,135
16. Accrued Liabilities

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