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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets

Goodwill:
The following table sets forth the change in the carrying amount of goodwill for each reportable segment and for the Company as of and for the period ended June 30, 2020:
 
Industrial
 
Aerospace
 
Total Company
December 31, 2019
$
902,236

 
$
30,786

 
$
933,022

Foreign currency translation
979

 
—

 
979

June 30, 2020
$
903,215

 
$
30,786

 
$
934,001



In the second quarter of 2020, management performed its annual impairment testing of goodwill and determined that there was no goodwill impairment.


Other Intangible Assets:
Other intangible assets consisted of:
 
 
 
June 30, 2020
 
December 31, 2019
 
Range of
Life -Years
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
Revenue Sharing Programs (RSPs)
Up to 30
 
$
299,500

 
$
(140,492
)
 
$
299,500

 
$
(135,466
)
Component Repair Programs (CRPs)
Up to 30
 
111,839

 
(29,531
)
 
111,839

 
(27,270
)
Customer relationships
10-16
 
338,366

 
(108,603
)
 
338,366

 
(98,953
)
Patents and technology
4-11
 
123,433

 
(72,659
)
 
123,433

 
(68,188
)
Trademarks/trade names
10-30
 
10,949

 
(10,269
)
 
10,949

 
(10,145
)
Other
Up to 15
 
10,746

 
(4,310
)
 
10,746

 
(4,014
)
 
 
 
894,833

 
(365,864
)
 
894,833

 
(344,036
)
Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
Trade names
 
 
55,670

 
—

 
55,670

 
—

Foreign currency translation
 
 
(26,359
)
 
—

 
(25,351
)
 
—

Other intangible assets
 
 
$
924,144

 
$
(365,864
)
 
$
925,152

 
$
(344,036
)


Estimated amortization of intangible assets for future periods is as follows: 2020 (remainder) - $20,000; 2021 - $46,000; 2022- $46,000; 2023 - $46,000, 2024 - $44,000 and 2025- $44,000.

In the second quarter of 2020, management performed its annual impairment testing of its trade names, indefinite-lived intangible assets. Based on this assessment, there were no impairments.