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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of amortized intangible assets
he components of amortized intangible assets at June 30, 2018 and December 30, 2017 were as follows:
 
June 30, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Weighted
Average
Life
Customer Relationships
$
188,767

 
$
126,904

 
13 years
Proprietary Software & Database
3,589

 
3,075

 
8 years
Patents & Proprietary Technology
7,225

 
4,238

 
11 years
Other
4,496

 
3,789

 
3 years
 
$
204,077

 
$
138,006

 
 
 
December 30, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Weighted
Average
Life
Customer Relationships
$
200,810

 
$
131,062

 
13 years
Proprietary Software & Database
3,671

 
3,107

 
8 years
Patents & Proprietary Technology
6,693

 
3,999

 
11 years
Other
4,861

 
4,121

 
3 years
 
$
216,035

 
$
142,289

 
 
Schedule of amortization expense for intangible assets
Amortization expense for intangible assets for the thirteen and twenty-six weeks ended June 30, 2018 and July 1, 2017, respectively was as follows:
Thirteen Weeks Ended
 
Twenty-six Weeks Ended
2018
 
2017
 
2018
 
2017
3,572

 
3,903

 
7,455

 
7,767

Schedule of future estimated amortization expense
Estimated annual amortization expense related to finite‑lived intangible assets is as follows:
 
Estimated
Amortization
Expense
2018
$
14,187

2019
12,903

2020
11,804

2021
9,748

2022
7,573

Schedule of non-amortized intangible assets
The carrying values of trade names at June 30, 2018 and December 30, 2017 were as follows:
 
June 30,
2018
 
December 30,
2017
 
Year Acquired
Newmark
$
11,111

 
$
11,111

 
2004
Valmont SM
9,717

 
9,973

 
2014
Webforge
9,230

 
9,432

 
2010
Ingal EPS/Ingal Civil Products
7,526

 
7,690

 
2010
Shakespeare
4,000

 
4,000

 
2014
Other
16,894

 
22,647

 
 
 
$
58,478

 
$
64,853

 
 
Schedule of carrying amount of goodwill
The carrying amount of goodwill by segment as of June 30, 2018 and December 30, 2017 was as follows:
 
Engineered
Support
Structures
Segment
 
Utility
Support
Structures
Segment
 
Coatings
Segment
 
Irrigation
Segment
 
Other
 
Total
Gross Balance at December 30, 2017
$
170,076

 
$
90,248

 
$
76,696

 
$
19,778

 
$
15,814

 
$
372,612

Accumulated impairment losses
(18,670
)
 

 
(16,222
)
 

 

 
(34,892
)
Balance at December 30, 2017
$
151,406

 
$
90,248

 
$
60,474

 
$
19,778

 
$
15,814

 
$
337,720

Acquisitions

 

 

 
3,922

 

 
3,922

Divestiture of grinding media

 

 

 

 
(15,814
)
 
(15,814
)
Foreign currency translation
(3,443
)
 
(380
)
 
(527
)
 
(116
)
 

 
(4,466
)
Balance at June 30, 2018
$
147,963

 
$
89,868

 
$
59,947


$
23,584

 
$

 
$
321,362