Note 12 – Goodwill and Other Intangible Assets

Goodwill and indefinite-lived assets, such as certain trade names acquired in connection with the acquisition of our European operations on May 30, 2017, are not amortized, but are instead evaluated for impairment on an annual basis at the end of the fiscal year, or more frequently if events or circumstances indicate that impairment may be more likely than not. During the three and six months ended June 30, 2018, no impairment charges have been taken against the company’s goodwill or indefinite-lived intangible assets. The carrying amount of goodwill arose from the Acquisition described in Note 3, “Acquisition.”

The company’s other intangible assets consist primarily of assets with finite lives which are amortized on a straight-line basis over their estimated useful lives. Following is a summary of the company’s finite-lived and indefinite-lived intangible assets as of June 30, 2018.


	December 31, 2017		Amortization Expense			Currency Translation			June 30, 2018		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	8,490	$	(968	)	$	(209	)	$	7,313		4-5
Technology		14,150		(1,613	)		(348	)		12,189		3-5
Customer relationships		165,746		(10,867	)		(4,364	)		150,515		5-10

Total finite		188,386		(13,448	)		(4,921	)		170,017
Trade names		15,087		—			(473	)		14,614		Indefinite

Total	$	203,473	$	(13,448	)	$	(5,394	)	$	184,631

Amortization expense for the three and six months ended June 30, 2018 was $6.4 million and $13.4 million, while the corresponding amount for the three and six months ended June 25, 2017 was $2.2 million. The anticipated annual amortization expense for these intangible assets is $25.9 million for 2018, $25.0 million for 2019 to 2021, $22.2 million for 2022, and $20.2 million for 2023.