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Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill represents the excess of acquisition purchase price over the fair value of net assets acquired. During the first quarter 2020, as a result of the Company's market capitalization maintaining a value less than the carrying value of its equity, the Company determined it had an impairment indicator. Accordingly, we calculated the estimated fair value of the goodwill reporting units within the Electrical Systems and Global Seating Segments by discounting the estimated operating cash flows of each reporting unit. We then compared these estimated fair values to the net carrying values at March 31, 2020 and, as a result, recognized $27.1 million impairment of goodwill, which represented the full value. The impairment charge is presented in impairment expense in the Condensed Consolidated Statements of Operations.
The changes in the carrying amounts of goodwill are as follows: 
June 30, 2020December 31, 2019
Balance - Beginning of the period$27,816  $7,576  
Finalization of FSE Purchase Accounting(537) 20,365  
Goodwill impairment(27,074) —  
Currency translation adjustment(205) (125) 
Balance - Ending of the period$—  $27,816  
Our definite-lived intangible assets were comprised of the following: 
June 30, 2020December 31, 2019
Weighted-
Average
Amortization
Period		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Trademarks/Tradenames22 years$11,517  $(4,443) $7,074  $11,553  $(4,276) $7,277  
Customer relationships15 years14,700  (6,930) 7,770  15,025  (6,574) 8,451  
Technical know-how5 years9,790  (1,550) 8,240  9,790  (571) 9,219  
Covenant not to compete5 years330  (52) 278  330  (19) 311  
$36,337  $(12,975) $23,362  $36,698  $(11,440) $25,258  
        
The aggregate intangible asset amortization expense was approximately $0.9 million for the three months ended June 30, 2020 and $0.3 million for the three months ended June 30, 2019. The aggregate intangible asset amortization expense was approximately $1.7 million and $0.6 million for the six months ended June 30, 2020 and 2019. The estimated intangible asset amortization expense for the fiscal year ending December 31, 2020 and for each of the three succeeding years is expected to be $3.4 million and $2.8 million in 2024.