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Goodwill and Other Intangible Assets, Net
 9 Months Ended
Oct. 01, 2021
Intangible Assets, Net (Including Goodwill) [Abstract]  
Goodwill and Other Intangible Assets, Net GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill

The following table sets forth the change in the carrying amount of goodwill for continuing operations:
In thousands 
Gross balance at December 31, 2020$313,803 
Accumulated impairment(66,559)
Net balance at December 31, 2020247,244 
Additions— 
Impairments— 
Foreign currency translation(4,878)
Ending balance at October 1, 2021
$242,366 

In accordance with ASC 350 - Intangibles - Goodwill and Other, the Company is required to evaluate goodwill for possible impairment testing if an event occurs or circumstances change that indicate that the fair value of the reporting entity may be below its carrying amount. In 2020, the spread of COVID-19 and the precautionary measures instituted by governments and businesses to mitigate the risk of its spread contributed to the general slowdown in the global economy and significant volatility in financial markets, which resulted in a significant decrease in the Company's stock price and market capitalization.
12. GOODWILL AND OTHER INTANGIBLE ASSETS, NET (CONTINUED)

During the third quarter of 2020, management identified a triggering event for possible goodwill impairment in its Aerosystems reporting unit. The evaluation resulted in a $50.3 million goodwill impairment charge for the Aerosystems reporting unit, which represented the entire goodwill balance for the reporting unit. This impairment charge was included in goodwill impairment on the Company's Condensed Statement of Operations in both the three-month and nine-month fiscal periods ended October 2, 2020. See Note 12, Goodwill and Other Intangible Assets, of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 for further information on the evaluation. No such impairment charges were incurred in the three-month and nine-month fiscal periods ended October 1, 2021.

Other Intangibles

Other intangible assets consisted of:
At October 1,At December 31,
20212020
Amortization
Period		Gross
Amount		Accumulated
Amortization		Gross
Amount		Accumulated
Amortization
In thousands     
Customer lists / relationships
6-38 years
$127,636 $(33,896)$128,882 $(30,094)
Developed technologies
7-20 years
45,331 (12,620)45,798 (9,665)
Trademarks / trade names
15-40 years
17,077 (2,537)17,353 (2,149)
Non-compete agreements and other
1-15 years
4,658 (4,646)5,290 (5,276)
Patents
17 years
523 (471)523 (464)
Total $195,225 $(54,170)$197,846 $(47,648)