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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Note 9 - Goodwill and Other Intangible Assets
Goodwill:
The Company tests goodwill and indefinite-lived intangible assets for impairment at least annually, performing its annual impairment test as of October 1st. Furthermore, goodwill and indefinite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable.

The Company reviews goodwill for impairment at the reporting unit level. The Mobile Industries segment has four reporting units and the Process Industries segment has two reporting units. Changes in the carrying value of goodwill were as follows:

Year ended December 31, 2020:
Mobile IndustriesProcess
Industries		Total
Beginning Balance$361.3 $632.4 $993.7 
Acquisitions5.6 2.8 8.4 
Foreign currency translation adjustments17.7 27.8 45.5 
Ending Balance$384.6 $663.0 $1,047.6 

The $8.4 million addition from acquisitions was the result of measurement period adjustments related to the 2019 acquisitions of BEKA and Diamond Chain bringing total goodwill to $52.6 million for these acquisitions. Approximately $19.0 million of this amount is tax deductible. Refer to Note 2 - Acquisitions for further information.

Year ended December 31, 2019:
Mobile IndustriesProcess
Industries		Total
Beginning Balance$349.7 $610.8 $960.5 
Acquisitions18.2 27.9 46.1 
Foreign currency translation adjustments and other changes
(6.6)(6.3)(12.9)
Ending Balance$361.3 $632.4 $993.7 

In 2019, the $46.1 million addition resulted from the acquisitions of BEKA and Diamond Chain and the measurement period adjustments of $1.9 million recorded in 2019 for 2018 acquisitions.
No material goodwill impairment losses were recorded in 2020, 2019 or 2018.
Note 9 - Goodwill and Other Intangible Assets (continued)

Intangible Assets:
The following table displays intangible assets as of December 31, 2020 and 2019:
  
20202019
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Intangible assets subject
to amortization:
Customer relationships$532.2 $(161.9)$370.3 $510.9 $(128.8)$382.1 
Technology and know-how277.2 (72.0)205.2 265.1 (54.7)210.4 
Trade names14.2 (8.8)5.4 12.7 (6.1)6.6 
Capitalized Software276.4 (254.6)21.8 270.3 (245.8)24.5 
Other4.7 (3.7)1.0 13.8 (9.1)4.7 
 $1,104.7 $(501.0)$603.7 $1,072.8 $(444.5)$628.3 
Intangible assets not
subject to amortization:
Trade names$129.0 $129.0 $121.5 $121.5 
FAA air agency certificates8.7 8.7 8.7 8.7 
 $137.7 $137.7 $130.2 $130.2 
Total intangible assets$1,242.4 $(501.0)$741.4 $1,203.0 $(444.5)$758.5 

There were no intangible assets acquired in 2020. Intangible assets acquired in 2019 totaled $84.4 million from the BEKA and Diamond Chain acquisitions. Intangible assets subject to amortization acquired in 2019 were assigned useful lives of two to 20 years and had a weighted-average amortization period of 18.1 years.

Amortization expense for intangible assets was $56.2 million, $57.3 million and $46.8 million for the years ended December 31, 2020, 2019 and 2018, respectively. Amortization expense for intangible assets is estimated to be approximately $54.2 million in 2021, $49.4 million in 2022, $46.2 million in 2023, $44.3 million in 2024 and $43.2 million in 2025.