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 | |
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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 | |
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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 | |
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