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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2018
INTANGIBLE ASSETS |
INTANGIBLE ASSETS | 5. INTANGIBLE ASSETS Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands):
|  |  |  | December 31, 2018 |  | December 31, 2017
|  |  |  | Gross |  | Accumulated |  | Net Book |  | Gross |  | Accumulated |  | Net Book
|  | Life |  | Amount |  | amortization |  | Value |  | Amount |  | amortization |  | Value
Customer lists |  | 8 - 17 years |  | $ | 64,439 |  | $ | (15,343) |  | $ | 49,096 |  | $ | 38,659 |  | $ | (12,721) |  | $ | 25,938
Trade name |  | 10 - 19 years |  |  | 12,249 |  |  | (3,305) |  |  | 8,944 |  |  | 6,213 |  |  | (2,798) |  |  | 3,415
Design and technologies |  | 10 - 15 years |  |  | 13,023 |  |  | (2,723) |  |  | 10,300 |  |  | 5,147 |  |  | (2,443) |  |  | 2,704
Patents |  | 17 years |  |  | 24 |  |  | (10) |  |  | 14 |  |  | 24 |  |  | (8) |  |  | 16
Total |  |  |  | $ | 89,735 |  | $ | (21,381) |  | $ | 68,354 |  | $ | 50,043 |  | $ | (17,970) |  | $ | 32,073
Intangible assets resulting from the acquisition of TCI were approximately $36,400 (Note 2). The intangible assets acquired consist of customer lists, a trade name and technology. The valuation and useful life of the purchased intangibles has not been finalized. Intangible assets resulting from the acquisition of the Maval OE Steering business were approximately $3,870 (Note 2). The intangible assets acquired consist of customer lists. Total amortization expense for intangible assets for the years 2018, 2017 and 2016 was $3,655, $3,219 and $3,204, respectively. Estimated amortization expense for intangible assets is as follows (in thousands):
Year ending December 31, |  | Total
2019 |  | $ | 5,736
2020 |  |  | 5,736
2021 |  |  | 5,481
2022 |  |  | 5,481
2023 |  |  | 5,400
Thereafter |  |  | 40,520
|  | $ | 68,354

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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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- References No definition available. + Details
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