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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 by segment are as follows: 
(thousands)
Manufacturing
Distribution
Total
Balance - January 1, 2018
$
179,471

$
28,573

$
208,044

Acquisitions
56,704

17,138

73,842

Adjustment to prior year preliminary purchase price allocation
(830
)
678

(152
)
Balance - December 31, 2018
235,345

46,389

281,734

Acquisitions
21,488

—

21,488

Adjustment to prior year preliminary purchase price allocation
11,569

4,558

16,127

Balance - December 31, 2019
$
268,402

$
50,947

$
319,349


Goodwill at December 31, 2019 and 2018 includes $27.4 million of accumulated impairment in the manufacturing segment.
For the definite-lived intangible assets attributable to the 2019 acquisitions, the useful life pertaining to non-compete agreements was three years, and the useful life pertaining to customer relationships for 2019 acquisitions was 10 years.
Intangible assets, net consist of the following at December 31, 2019 and 2018:  
(thousands)
2019


Weighted
Average
Useful Life
(years)

2018


Weighted
Average
Useful Life
(years)
Customer relationships
$
357,513


10.1

$
366,228


10.1
Non-compete agreements
16,202


5.0

19,159


4.9
Patents
16,495


14.6

1,048


8.9
Trademarks
88,524


Indefinite

82,358


Indefinite

478,734




468,793


 
Less: accumulated amortization
(121,720
)

 

(85,811
)

 
Intangible assets, net
$
357,014


 

$
382,982


 

Changes in the carrying value of intangible assets for the years ended December 31, 2019 and 2018 by segment are as follows: 
(thousands)
Manufacturing
 
Distribution
 
Total 
Balance - January 1, 2018
$
220,540

 
$
42,927

 
$
263,467

Acquisitions
112,517

 
42,085

 
154,602

Amortization
(27,413
)
 
(6,800
)
 
(34,213
)
Adjustment to prior year preliminary purchase price allocation
(1,159
)
 
285

 
(874
)
Balance - December 31, 2018
304,485

 
78,497

 
382,982

Acquisitions
17,922

 
—

 
17,922

Amortization
(29,457
)
 
(6,451
)
 
(35,908
)
Adjustment to prior year preliminary purchase price allocation
(10,827
)
 
2,845

 
(7,982
)
Balance - December 31, 2019
$
282,123

 
$
74,891

 
$
357,014


Amortization expense for the next five fiscal years ending December 31 related to definite-lived intangible assets as of December 31, 2019 is estimated to be (in thousands): 2020 - $38,208; 2021 - $37,669; 2022 - $36,844; 2023 - $35,640; and 2024 - $34,045.