Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill, all of which is within the Company’s industrial segment, were as follows:

Balance as of December 31, 2017	$	45,142
Foreign currency impact	(1,077)
Balance as of December 31, 2018	$	44,065
Acquisitions (1)	2,078
Foreign currency impact	(459)
Balance as of December 31, 2019	$	45,684

(1) Refer to Note 3, “Acquisition” for further discussion on the acquisition completed in the second quarter of 2019.

Schedule of Other Intangible Assets

The Company’s other amortizable intangible assets - net consisted of the following:

	December 31, 2019						December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Patents	$	2,075	$	(1,368)	$	707	$	2,038	$	(1,018)	$	1,020
Customer relationships	62,490		(20,205)		42,285		61,075		(15,922)		45,153
Trademarks and other intangibles	32,833		(11,235)		21,598		32,124		(8,597)		23,527
Total amortized other intangible assets	$	97,398	$	(32,808)	$	64,590	$	95,237	$	(25,537)	$	69,700

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The Company anticipates the annual amortization for each of the next five years and in aggregate thereafter to be the following:

2020	$	7,765
2021	7,523
2022	7,350
2023	7,341
2024	6,779
Thereafter	27,832
	$	64,590