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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for the period ending September 30, 2016, by segment, were as follows:
(Dollars in thousands) | Advanced Connectivity Solutions |  | Elastomeric Material Solutions |  | Power Electronics Solutions |  | Other |  | Total
December 31, 2015 | $ | 51,931 |  |  | $ | 56,269 |  |  | $ | 65,029 |  |  | $ | 2,224 |  |  | $ | 175,453 |
Foreign currency translation adjustment | — |  |  | 1,013 |  |  | 1,863 |  |  | — |  |  | 2,876 |
September 30, 2016 | $ | 51,931 |  |  | $ | 57,282 |  |  | $ | 66,892 |  |  | $ | 2,224 |  |  | $ | 178,329 |
Intangible Assets
| September 30, 2016 |  | December 31, 2015
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks and patents | $ | 2,589 |  |  | $ | 1,019 |  |  | $ | 1,570 |  |  | $ | 2,543 |  |  | $ | 718 |  |  | $ | 1,825 |
Technology | 48,589 |  |  | 24,034 |  |  | 24,555 |  |  | 47,724 |  |  | 19,681 |  |  | 28,043 |
Covenant-not-to-compete | 1,007 |  |  | 1,007 |  |  | — |  |  | 943 |  |  | 943 |  |  | — |
Customer relationships | 50,620 |  |  | 13,251 |  |  | 37,369 |  |  | 49,948 |  |  | 9,100 |  |  | 40,848 |
Total definite lived intangible assets | 102,805 |  |  | 39,311 |  |  | 63,494 |  |  | 101,158 |  |  | 30,442 |  |  | 70,716 |
Indefinite lived intangible assets | 4,426 |  |  | — |  |  | 4,426 |  |  | 4,303 |  |  | — |  |  | 4,303 |
Total intangible assets | $ | 107,231 |  |  | $ | 39,311 |  |  | $ | 67,920 |  |  | $ | 105,461 |  |  | $ | 30,442 |  |  | $ | 75,019 |
Gross and net carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense for the three and nine months ended September 30, 2016 was approximately $2.7 million and $8.0 million, respectively. Amortization expense for the three and nine months ended September 30, 2015 was approximately $2.8 million and $8 million, respectively. The estimated annual future amortization expense is $2.7 million, $10.3 million, $9.7 million, $9.2 million and $5.7 million for the remainder of 2016, 2017, 2018, 2019 and 2020, respectively. The definite-lived intangible assets are amortized using a fair value methodology that is based on the projected economic use of the related underlying asset. The weighted average amortization period as of September 30, 2016, by intangible asset class, is presented in the table below:
Intangible Asset Class |  | Weighted Average Amortization Period (Years)
Trademarks and patents |  | 4.2
Technology |  | 4.6
Customer relationships |  | 6.0
Total definite lived intangible assets |  | 5.4
The indefinite-lived trademark intangible assets were acquired from the acquisition of Curamik. These assets are assessed for impairment annually or if changes in circumstances indicate that the carrying values may not be recoverable.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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