Goodwill and Intangible Assets

9 Months Ended

Sep. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill activity for each period was as follows:

(In thousands)	Specialty Chemicals and Engineered Materials		Microcontamination Control		Advanced Materials Handling		Total
December 31, 2019	$	397,952	$	240,021	$	57,071	$	695,044
Addition due to acquisitions	31,751		—		16,099		47,850
Purchase accounting adjustments	1,276		1,769		—		3,045
Foreign currency translation	(3,275)		1,806		—		(1,469)
September 26, 2020	$	427,704	$	243,596	$	73,170	$	744,470

Identifiable intangible assets at September 26, 2020 and December 31, 2019 consist of the following:

September 26, 2020
(In thousands)	Gross  carrying Amount		Accumulated amortization		Net  carrying value
Developed technology	$	282,951	$	218,900	$	64,051
Trademarks and trade names	30,004		17,788		12,216
Customer relationships	449,270		184,851		264,419
Other	36,295		27,915		8,380
	$	798,520	$	449,454	$	349,066

December 31, 2019
(In thousands)	Gross  carrying amount		Accumulated amortization		Net  carrying value
Developed technology	$	272,334	$	204,689	$	67,645
Trademarks and trade names	29,106		16,326		12,780
Customer relationships	405,537		161,551		243,986
Other	36,303		26,762		9,541
	$	743,280	$	409,328	$	333,952

Future amortization expense during the remainder of 2020, the next four years and thereafter relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated at September 26, 2020 to be the following:

(In thousands)	Remaining 2020		2021	2022	2023	2024	Thereafter	Total
Future amortization expense	$	12,365	45,828	45,062	45,105	31,674	169,032	$	349,066