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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 3 — Goodwill and Other Intangible Assets Goodwill The change in the carrying amount of goodwill for the three months ended March 31, 2020 is summarized as follows (in thousands):
| Total |
Balance at December 31, 2019 | $ | 243,895 |
Translation adjustments |  | (1,205 | )
Balance at March 31, 2020 | $ | 242,690 |
The Company assesses goodwill for impairment annually on November 30, or on an interim basis if an event indicates a specific impairment may exist. As a result of the Company’s segment realignment on January 1, 2020 (refer to Note 14 -Operating Segments for additional information), the Company performed a qualitative assessment of goodwill for all reporting units immediately prior to and after the reporting unit change, which was based on the quantitative assessment performed as of November 30, 2019 and activity in December 2019. The Company concluded that no impairment existed and goodwill was reassigned based on the relative fair values of the product lines transferred to each reporting unit. Approximately $12 million of goodwill is allocated to the Company’s Product reporting unit, which has a negative carrying value as of March 31, 2020. As of March 31, 2020, the Company had no accumulated goodwill impairment losses. Finite-Lived Intangible Assets The carrying values of finite-lived intangible assets are as follows (in thousands):
| March 31, 2020 |
| Gross |  |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 109,608 |  |  | $ | 42,100 |  |  | $ | 67,508 |
Technology |  | 16,676 |  |  |  | 7,796 |  |  |  | 8,880 |
Backlog |  | 13,000 |  |  |  | 8,125 |  |  |  | 4,875 |
Trademarks |  | 12,453 |  |  |  | 1,061 |  |  |  | 11,392 |
Total | $ | 151,737 |  |  | $ | 59,082 |  |  | $ | 92,655 |
| December 31, 2019 |
| Gross |  |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 109,825 |  |  | $ | 40,169 |  |  | $ | 69,656 |
Technology |  | 16,661 |  |  |  | 7,051 |  |  |  | 9,610 |
Backlog |  | 13,000 |  |  |  | 6,500 |  |  |  | 6,500 |
Trademarks |  | 12,451 |  |  |  | 854 |  |  |  | 11,597 |
Total | $ | 151,937 |  |  | $ | 54,574 |  |  | $ | 97,363 |
Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):
2020 (remainder) | $ | 14,133 |
2021 |  | 12,344 |
2022 |  | 11,005 |
2023 |  | 10,830 |
2024 |  | 9,721 |
Thereafter |  | 34,622 |
Total | $ | 92,655 |

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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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