Goodwill and Intangible Assets (Tables)

9 Months Ended

Oct. 02, 2021

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 each period was as follows:

(In thousands)	Specialty Chemicals and Engineered Materials		Microcontamination Control		Advanced Materials Handling		Total
December 31, 2020	$	427,713	$	247,154	$	73,170	$	748,037
Addition due to acquisitions	—		—		932		932
Foreign currency translation	357		607		—		964
October 2, 2021	$	428,070	$	247,761	$	74,102	$	749,933

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Identifiable intangible assets at October 2, 2021 and December 31, 2020 consist of the following:

October 2, 2021
(In thousands)	Gross  carrying amount		Accumulated amortization		Net  carrying value
Developed technology	$	284,294	$	229,840	$	54,454
Trademarks and trade names	30,127		19,864		10,263
Customer relationships	449,768		218,634		231,134
Other	20,396		13,760		6,636
	$	784,585	$	482,098	$	302,487

December 31, 2020
(In thousands)	Gross  carrying amount		Accumulated amortization		Net  carrying value
Developed technology	$	283,272	$	221,651	$	61,621
Trademarks and trade names	30,100		18,374		11,726
Customer relationships	449,659		193,313		256,346
Other	20,396		12,457		7,939
	$	783,427	$	445,795	$	337,632

Estimated Future Amortization Expense

Future amortization expense during the remainder of 2021, each of the succeeding four years and thereafter relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at October 2, 2021:

(In thousands)	Remaining 2021		2022	2023	2024	2025	Thereafter	Total
Future amortization expense	$	12,272	47,735	47,047	34,433	27,900	133,100	$	302,487