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Goodwill and Intangible Assets
 3 Months Ended
Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill and Intangible Assets

Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

Goodwill of companies acquired, allocated to the company's business segments, is as follows:
 
 
Global
Components
 
Global ECS
 
Total
Balance as of December 31, 2018 (a)
 
$
1,437,501

 
$
1,187,189

 
$
2,624,690

Dispositions and related adjustments
 
—

 
(1,386
)
 
(1,386
)
Foreign currency translation adjustment
 
15,869

 
(6,722
)
 
9,147

Balance as of March 30, 2019 (a)
 
$
1,453,370

 
$
1,179,081

 
$
2,632,451



(a)
The total carrying value of goodwill as of March 30, 2019 and December 31, 2018 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment.

Intangible assets, net, are comprised of the following as of March 30, 2019:
 
 
Weighted-Average Life
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Non-amortizable trade names
 
indefinite
 
$
101,000

 
$
—

 
$
101,000

Customer relationships
 
11 years
 
482,084

 
(232,649
)
 
249,435

Developed technology
 
5 years
 
6,340

 
(4,596
)
 
1,744

Amortizable trade name
 
9 years
 
21,407

 
(4,295
)
 
17,112

 
 
 
 
$
610,831

 
$
(241,540
)
 
$
369,291



Intangible assets, net, are comprised of the following as of December 31, 2018:
 
 
Weighted-Average Life
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Non-amortizable trade names
 
indefinite
 
$
101,000

 
$
—

 
$
101,000

Customer relationships
 
11 years
 
475,050

 
(221,822
)
 
253,228

Developed technology
 
5 years
 
6,340

 
(4,311
)
 
2,029

Amortizable trade name
 
9 years
 
19,940

 
(3,553
)
 
16,387

 
 
 
 
$
602,330

 
$
(229,686
)
 
$
372,644



During the first quarter of 2019 and 2018, the company recorded amortization expense related to identifiable intangible assets of $11,930 and $13,520, respectively.