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Intangible Assets
 3 Months Ended
Mar. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets

Components of other intangible assets were (dollars in thousands):
 
Finite Life
 
Indefinite Life
 
 
 
Customer
Relationships
 
Patents and
Proprietary
Technology
 
Trademarks,
Trade Names
and Other
 
Trade
Names
 
Total
As of March 27, 2020
 
 
 
 
 
 
 
 
 
Cost
$
186,310

 
$
20,413

 
$
700

 
$
61,920

 
$
269,343

Accumulated amortization
(84,246
)
 
(11,057
)
 
(444
)
 
—

 
(95,747
)
Foreign currency translation
(11,039
)
 
(931
)
 
—

 
(3,557
)
 
(15,527
)
Book value
$
91,025

 
$
8,425

 
$
256

 
$
58,363

 
$
158,069

Weighted average life in years
13

 
10

 
4

 
N/A

 
 
As of December 27, 2019
 
 
 
 
 
 
 
 
 
Cost
$
186,310

 
$
20,413

 
$
1,020

 
$
61,920

 
$
269,663

Accumulated amortization
(80,764
)
 
(10,526
)
 
(650
)
 
—

 
(91,940
)
Foreign currency translation
(10,412
)
 
(885
)
 
(73
)
 
(3,730
)
 
(15,100
)
Book value
$
95,134

 
$
9,002

 
$
297

 
$
58,190

 
$
162,623

Weighted average life in years
13

 
10

 
4

 
N/A

 
 


Amortization of intangibles for the quarter was $4.1 million in 2020 and $3.8 million in 2019. Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
Estimated Amortization Expense
$
15,947

 
$
15,750

 
$
15,670

 
$
14,745

 
$
13,208

 
$
28,479



Changes in the carrying amount of goodwill for each reportable segment were (in thousands): 
 
Industrial    
 
Process    
 
Contractor    
 
Total    
Balance, December 27, 2019
$
177,112

 
$
110,997

 
$
19,554

 
$
307,663

Foreign currency translation
440

 
(1,253
)
 
—

 
(813
)
Balance, March 27, 2020
$
177,552

 
$
109,744

 
$
19,554

 
$
306,850



Subsequent to the end of the first quarter, the Company completed the acquisition of a business that is not material to the consolidated financial statements.