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Acquired Intangible Assets | 9 Months Ended
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Sep. 30, 2016
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets |
Note 7. | Acquired Intangible Assets
Acquired identifiable intangible assets consist of the following:
|  | September 30, 2016 |  |  | December 31, 2015 |
|  | (In thousands) |
Customer relationships |  | $ | 87,366 |  |  | $ | 48,475 |
Trademarks and trade names |  |  | 6,800 |  |  |  | 6,800 |
Non-compete agreements |  |  | 3,204 |  |  |  | 970 |
Patents |  |  | 723 |  |  |  | 723 |
Supply agreements |  |  | 800 |  |  |  | — |
Leaseholds |  |  | 160 |  |  |  | 160 |
Total acquired intangible assets |  |  | 99,053 |  |  |  | 57,128 |
Less accumulated amortization (1) |  |  | (33,805 | ) |  |  | (29,040 | )
Net acquired intangible assets |  | $ | 65,248 |  |  | $ | 28,088 |
| (1) | Applies to all intangible assets, except for trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized.
In May 2016, we acquired the North American automotive ignition wire business of General Cable Corporation. Intangible assets acquired in the acquisition of $42.4 million consists of customer relationships of $39.4 million that will be amortized on a straight-line basis over the estimated useful life of 15 years; a non-compete agreement of $2.2 million that will be amortized on a straight-line basis over the estimated useful life of 5 years; and a supply agreement of $0.8 million that will be amortized on a straight-line basis over the estimated useful life of 1 year. Total amortization expense for acquired intangible assets was $2.2 million and $4.9 million for the three months and nine months ended September 30, 2016, respectively, and $1.2 million and $3.7 million for the comparable periods in 2015. Based on the current estimated useful lives assigned to our acquired intangible assets, amortization expense is estimated to be $2.2 million for the remainder of 2016, $8 million in 2017, $7.6 million in 2018, $6.4 million in 2019 and $35.8 million in the aggregate for the years 2020 through 2031.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: 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 2: 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 3: 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 + Details
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