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Goodwill and Intangible Assets
 6 Months Ended
Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill and Intangible Assets
Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

Goodwill of companies acquired, allocated to the company’s business segments, is as follows:
 Global
Components		Global ECSTotal
Balance as of December 31, 2020 (a)$894,975 $1,220,494 $2,115,469 
Foreign currency translation adjustment(5,812)(3,475)(9,287)
Balance as of July 3, 2021 (a)$889,163 $1,217,019 $2,106,182 

(a)     The total carrying value of goodwill as of July 3, 2021 and December 31, 2020 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global enterprise computing solutions ("ECS") business segment.

Intangible assets, net, are comprised of the following as of July 3, 2021:
Weighted-Average LifeGross Carrying AmountAccumulated AmortizationNet
Customer relationships12 years$330,587 $(167,177)$163,410 
Amortizable trade name8 years74,000 (23,149)50,851 
$404,587 $(190,326)$214,261 
Intangible assets, net, are comprised of the following as of December 31, 2020:
Weighted-Average LifeGross Carrying AmountAccumulated AmortizationNet
Customer relationships12 years$335,027 $(157,151)$177,876 
Amortizable trade name8 years74,008 (18,065)55,943 
$409,035 $(175,216)$233,819 

During the second quarter of 2021 and 2020, the company recorded amortization expense related to identifiable intangible assets of $9,316 and $9,734, respectively. During the first six months of 2021 and 2020, amortization expense related to identifiable intangible assets was $18,642 and $19,689, respectively.