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Goodwill and Other Intangible Assets, Net
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
A reconciliation of the change in the carrying amount of goodwill by reportable segment is as follows:
Diversified IndustrialEnergyFinancial ServicesCorporate and OtherTotal
Balance as of December 31, 2019
Gross goodwill$180,855 $67,143 $6,515 $81 $254,594 
Accumulated impairments(40,178)(64,790)— — (104,968)
Net goodwill140,677 2,353 6,515 81 149,626 
Acquisitions (a)
2,300 — — — 2,300 
Currency translation adjustments14 — — — 14 
Balance as of September 30, 2020
Gross goodwill183,169 67,143 6,515 81 256,908 
Accumulated impairments(40,178)(64,790)— — (104,968)
Net goodwill$142,991 $2,353 $6,515 $81 $151,940 
(a)    Related to the acquisition of Metallon. See Note 4 - "Acquisitions."

A summary of Other intangible assets, net is as follows:
September 30, 2020December 31, 2019
Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Customer relationships$213,835 $116,677 $97,158 $216,428 $109,701 $106,727 
Trademarks, trade names and brand names
51,151 19,464 31,687 51,414 18,469 32,945 
Developed technology, patents and patent applications
33,598 19,985 13,613 31,984 17,176 14,808 
Other
17,417 16,201 1,216 17,963 13,850 4,113 
Total$316,001 $172,327 $143,674 $317,789 $159,196 $158,593 

Trademarks with indefinite lives as of September 30, 2020 and December 31, 2019 were $11,368 and $11,320, respectively. Amortization expense related to intangible assets was $5,256 and $5,452 for the three months ended September 30, 2020 and 2019, respectively, and $15,650 and $16,155 for the nine months ended September 30, 2020 and 2019, respectively. As a result of COVID-19 related declines in our youth sports business within the Energy segment, intangible assets of $617, primarily customer relationships, were fully impaired during the first quarter of 2020. The impairment is included in Asset impairment charges in the accompanying statement of operations for the nine months ended September 30, 2020.
Based on gross carrying amounts at September 30, 2020, the Company's estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2020 through 2024 is presented in the table below.

Year Ending December 31,
20202021202220232024
Estimated amortization expense$20,388 $15,911 $14,398 $13,030 $11,793 

As of September 30, 2020, the Company reviewed its goodwill, other intangible assets and long-lived assets for indicators of impairment as a result of the impact of the COVID-19 pandemic. As a result of the COVID-19 pandemic, the Company continues to believe there were indicators of impairment present for all these asset classes due to ongoing general deterioration in macroeconomic conditions, reduced cash flow projections and a significant decline in the Company's market capitalization since the beginning of the year. Therefore, we assessed whether it was more likely than not that our goodwill, other intangible assets and long-lived assets were impaired as of September 30, 2020. The Company reviewed its previous forecasts and assumptions based on its current projections that are subject to various risks and uncertainties, including forecasted revenues, expenses and cash flows, the duration and extent of the impact to our businesses from the COVID-19 pandemic and the reduction in the Company's market capitalization. Based on the Company's interim impairment assessment as of September 30, 2020, the Company determined that its goodwill, other intangible assets and long-lived assets are not impaired. However, as a result of the COVID-19 pandemic, it is possible in future periods that further declines in market conditions, customer demand or other potential changes in operations may increase the risk that these assets are impaired. In addition, at September 30, 2020, the goodwill related to the Performance Materials reporting unit, which generates a significant percentage of its net sales from the aerospace industry, within the Diversified Industrial segment is at risk of future impairment if the fair value of this reporting unit, and its associated assets, decrease in value due to further declines in market conditions or customer demand. The goodwill related to the Energy reporting unit within the Energy segment is also at risk of future impairment if the fair value of this reporting unit, and its associated assets, decrease in value due to reductions in customer demand as a result of continued or sustained declines in the price of oil.