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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill activity for each of the Company’s reportable segments that carry goodwill, Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC) and Advanced Materials Handling (AMH), for the years ended December 31, 2019 and 2018 is shown below:
(In thousands)
SCEM
 
MC
 
AMH
 
Total
December 31, 2017
$
304,270

 
$
8,007

 
$
47,411

 
$
359,688

Addition due to acquisitions

 
183,729

 
9,660

 
193,389

Other, including foreign currency translation
(2,847
)
 
(28
)
 

 
(2,875
)
December 31, 2018
301,423

 
191,708

 
57,071

 
550,202

Addition due to acquisitions
98,410

 
47,711

 

 
146,121

Purchase accounting adjustments

 
451

 

 
451

Other, including foreign currency translation
(1,881
)
 
151

 

 
(1,730
)
December 31, 2019
$
397,952

 
$
240,021

 
$
57,071

 
$
695,044


Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Identifiable intangible assets at December 31, 2019 and 2018 consist of the following:
2019
(In thousands)
Gross  carrying
Amount
 
Accumulated
amortization
 
Net  carrying
value
 
Weighted
average life in
years
Developed technology
272,334

 
204,689

 
67,645

 
7.1
Trademarks and trade names
29,106

 
16,326

 
12,780

 
10.1
Customer relationships
405,537

 
161,551

 
243,986

 
11.8
Other
36,303

 
26,762

 
9,541

 
4.1
 
$
743,280

 
$
409,328

 
$
333,952

 
9.7
2018
(In thousands)
Gross  carrying
amount
 
Accumulated
amortization
 
Net  carrying
value
 
Weighted
average life in
years
Developed technology
248,776

 
176,421

 
72,355

 
7.0
Trademarks and trade names
25,643

 
14,749

 
10,894

 
10.5
Customer relationships
328,050

 
133,068

 
194,982

 
10.8
Other
36,306

 
18,850

 
17,456

 
4.1
 
$
638,775

 
$
343,088

 
$
295,687

 
8.9

Amortization of Intangibles
The table below sets forth the amortization expense for the years ended December 31, 2019, 2018, and 2017:
(In thousands)
2019
 
2018
 
2017
Amortization expense
$
66,428

 
$
62,152

 
$
44,023


Estimated Future Amortization Expense
(In thousands)
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
Total
Future amortization expense
$
50,930

 
$
44,297

 
$
43,569

 
$
42,880

 
$
29,976

 
$
122,300

 
$
333,952