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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill during the years ended December 31, 2019 and 2018 by reportable segment, as well as other identifiable intangible assets, are summarized as follows:
 
Goodwill
 
 
 
Automotive
 
Industrial
 
Business Products
 
Total
 
Other Intangible Assets, Net
Balance as of January 1, 2018
$
1,765,508

 
$
306,491

 
$
81,989

 
$
2,153,988

 
$
1,400,392

Additions
55,371

 
19,213

 

 
74,584

 
164,348

Amortization

 

 

 

 
(88,972
)
Foreign currency translation
(99,056
)
 
(707
)
 
(33
)
 
(99,796
)
 
(64,126
)
Balance as of December 31, 2018
1,721,823

 
324,997

 
81,956

 
2,128,776

 
1,411,642

Additions
194,561

 
185,679

 

 
380,240

 
340,799

Divestitures
(294
)
 
(115,437
)
 

 
(115,731
)
 
(90,692
)
Amortization

 

 

 

 
(97,459
)
Impairments

 

 
(81,968
)
 
(81,968
)
 
(2,194
)
Foreign currency translation
(18,595
)
 
785

 
12

 
(17,798
)
 
6,830

Balance as of December 31, 2019
$
1,897,495

 
$
396,024

 
$

 
$
2,293,519

 
$
1,568,926


The Company completed both qualitative and quantitative goodwill assessments as of October 1, 2019. Due to several factors that developed in the fourth quarter of 2019, the Company performed an interim impairment test as of December 31, 2019 for its Business Products reporting unit and recorded a goodwill impairment charge of $81,968. As such, total goodwill is net of $81,968 of accumulated impairment loss.
The factors that developed in the fourth quarter of 2019 at the Business Products reporting unit included: (i) greater uncertainty associated with long-term industry trends and the competitive environment and (ii) fourth quarter results, including segment profitability, that were below management expectations due primarily to a reduction in volume with certain national account customers. The Company performed a quantitative goodwill impairment test as of December 31, 2019 and concluded that the full amount of goodwill allocated to the Business Products reporting unit was impaired. The Company determined that the fair values of its remaining reporting units are in excess of their carrying amounts and there were no other indicators that goodwill was impaired.
The gross carrying amounts and accumulated amortization relating to other intangible assets at December 31, 2019 and 2018 are as follows:
 
2019
 
2018
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
$
1,556,579

 
$
(310,043
)
 
$
1,246,536

 
$
1,356,353

 
$
(267,818
)
 
$
1,088,535

Trademarks
362,543

 
(40,504
)
 
322,039

 
355,117

 
(32,755
)
 
322,362

Non-competition agreements
5,288

 
(4,937
)
 
351

 
5,009

 
(4,264
)
 
745

 
$
1,924,410

 
$
(355,484
)
 
$
1,568,926

 
$
1,716,479

 
$
(304,837
)
 
$
1,411,642


Amortization expense for other intangible assets totaled $97,459, $88,972, and $51,993 for the years ended December 31, 2019, 2018, and 2017, respectively. Estimated other intangible assets amortization expense for the succeeding five years is as follows:
2020
$
98,193

2021
97,867

2022
97,757

2023
97,023

2024
96,085

 
$
486,925