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Acquired Intangible Assets | 9 Months Ended
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Sep. 30, 2019
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets | Note 8. Acquired Intangible Assets Acquired identifiable intangible assets consist of the following:
|  | September 30, 2019 |  |  | December 31, 2018 |
|  | (In thousands) |
Customer relationships |  | $ | 111,521 |  |  | $ | 87,195 |
Trademarks and trade names |  |  | 6,980 |  |  |  | 6,800 |
Non-compete agreements |  |  | 3,273 |  |  |  | 3,193 |
Patents |  |  | 723 |  |  |  | 723 |
Supply agreements |  |  | 800 |  |  |  | 800 |
Leaseholds |  |  | 160 |  |  |  | 160 |
Total acquired intangible assets |  |  | 123,457 |  |  |  | 98,871 |
Less accumulated amortization (1) |  |  | (57,329 | ) |  |  | (51,391 | )
Net acquired intangible assets |  | $ | 66,128 |  |  | $ | 47,480 |
| (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 April 2019, we acquired certain assets and liabilities of the Pollak business of Stoneridge, Inc. Intangible assets acquired of $24.7 million consist of customer relationships related to the acquired OE/OES business of $17.2 million that will be amortized on a straight-line basis over the estimated useful life of 10 years; customer relationships related to the acquired aftermarket business of $7.2 million that will be amortized on a straight-line basis over the estimated useful life of 15 years; a trademark of $0.2 million that will be amortized on a straight-line basis over the estimated useful life of 10 years; and a non-compete agreement of $0.1 million that will be amortized on a straight-line basis over the estimated useful life of 5 years. Total amortization expense for acquired intangible assets was $2 million and $6 million for the three months and nine months ended September 30, 2019, respectively, and $1.9 million and $5.7 million for the comparable periods in 2018. Based on the current estimated useful lives assigned to our acquired intangible assets, amortization expense is estimated to be $2 million for the remainder of 2019, $8.1 million in 2020, $6.8 million in 2021, $5.2 million in 2022 and $38.8 million in the aggregate for the years 2023 through 2034.

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- Definition The entire disclosure for all or part of the information related to 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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