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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amounts of Goodwill
The changes in the carrying amounts of goodwill for the nine months ended September 30, 2019 and the year ended December 31, 2018 are as follows: 
 
September 30, 2019
 
December 31, 2018
Balance - Beginning
$
7,576

 
$
8,045

FSE Acquisition
17,675

 

Currency translation adjustment
(63
)
 
(469
)
Balance - Ending
$
25,188

 
$
7,576

Summary of Intangible Assets
Our definite-lived intangible assets were comprised of the following:
 
 
 
September 30, 2019
 
December 31, 2018
 
Weighted-
Average
Amortization
Period
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Trademarks/Tradenames
22 years
 
$
11,529

 
$
(4,144
)
 
$
7,385

 
$
8,346

 
$
(3,888
)
 
$
4,458

Customer relationships
15 years
 
15,083

 
(6,350
)
 
8,733

 
14,022

 
(5,680
)
 
8,342

Technical Know-how
5 years
 
$
7,810


$
(65
)

$
7,745

 

 

 

Covenant not to compete
5 years
 
$
5,020


$
(42
)

$
4,978

 

 

 

 
 
 
$
39,442

 
$
(10,601
)
 
$
28,841

 
$
22,368

 
$
(9,568
)
 
$
12,800

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated intangible asset amortization expense for the fiscal year ending December 31, 2019 and for each of the five succeeding years will be as follows:

2019
 
$
2,112

2020
 
$
3,987

2021
 
$
3,987

2022
 
$
3,987

2023
 
$
3,987

2024
 
$
3,238