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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 7 – Goodwill and Other Intangible Assets On July 6, 2018, we acquired Griswold. For further detail on the goodwill and other intangible assets recorded in connection with the acquisition, refer to “Note 5 – Acquisitions.” Goodwill The changes in the carrying amount of goodwill for the period ending December 31, 2018, by operating segment, were as follows:
(Dollars in thousands) | Advanced Connectivity Solutions |  | Elastomeric Material Solutions |  | Power Electronics Solutions |  | Other |  | Total
December 31, 2017 | $ | 51,693 |  |  | $ | 111,575 |  |  | $ | 71,615 |  |  | $ | 2,224 |  |  | $ | 237,107 |
Acquisition | — |  |  | 32,305 |  |  | — |  |  | — |  |  | 32,305 |
Purchase accounting adjustment | — |  |  | (567 | ) |  | — |  |  | — |  |  | (567 | )
Foreign currency translation adjustment | — |  |  | (724 | ) |  | (3,236 | ) |  | — |  |  | (3,960 | )
December 31, 2018 | $ | 51,693 |  |  | $ | 142,589 |  |  | $ | 68,379 |  |  | $ | 2,224 |  |  | $ | 264,885 |
Other Intangible Assets The changes in the carrying amount of other intangible assets for the two-year period ending December 31, 2018, were as follows:
| December 31, 2018 |  | December 31, 2017
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 149,753 |  |  | $ | 30,078 |  |  | $ | 119,675 |  |  | $ | 128,907 |  |  | $ | 22,514 |  |  | $ | 106,393 |
Technology | 81,535 |  |  | 38,624 |  |  | 42,911 |  |  | 73,891 |  |  | 33,491 |  |  | 40,400 |
Trademarks and trade names | 12,019 |  |  | 3,213 |  |  | 8,806 |  |  | 10,213 |  |  | 2,157 |  |  | 8,056 |
Covenants not to compete | 1,340 |  |  | 249 |  |  | 1,091 |  |  | 1,799 |  |  | 1,108 |  |  | 691 |
Total definite-lived other intangible assets | 244,647 |  |  | 72,164 |  |  | 172,483 |  |  | 214,810 |  |  | 59,270 |  |  | 155,540 |
Indefinite-lived other intangible asset | 4,525 |  |  | — |  |  | 4,525 |  |  | 4,738 |  |  | — |  |  | 4,738 |
Total other intangible assets | $ | 249,172 |  |  | $ | 72,164 |  |  | $ | 177,008 |  |  | $ | 219,548 |  |  | $ | 59,270 |  |  | $ | 160,278 |
In the table above, gross carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense was approximately $16.5 million, $14.8 million and $11.2 million in 2018, 2017 and 2016, respectively. The estimated annual future amortization expense is $17.7 million, $14.6 million, $13.8 million, $13.3 million and $12.7 million in 2019, 2020, 2021, 2022 and 2023, respectively. These amounts could vary based on changes in foreign currency exchange rates. The weighted average amortization period as of December 31, 2018, by definite-lived other intangible asset class, is presented in the table below:
Definite-Lived Other Intangible Asset Class | Weighted Average Remaining Amortization Period
Customer relationships | 7.6
Technology | 4.4
Trademarks and trade names | 5.0
Covenants not to compete | 2.1
Total definite-lived other intangible assets | 6.6

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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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