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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
 
The amounts for goodwill and changes in the carrying value by segment for the nine months ended September 29, 2018 are as follows:
 
(in thousands)
 
Electronics
 
Automotive
 
Industrial
 
Total
As of December 30, 2017
 
$
278,959

 
$
135,829

 
$
38,626

 
$
453,414

Additions(a)
 
380,199

 

 

 
380,199

Currency translation
 
(1,090
)
 
(2,040
)
 
(129
)
 
(3,259
)
As of September 29, 2018
 
$
658,068


$
133,789


$
38,497


$
830,354


(a)The additions resulted from the acquisition of IXYS and an immaterial acquisition.

The components of other intangible assets at September 29, 2018 are as follows:
 
(in thousands, except weighted average useful life)
 
Weighted
Average
Useful Life (Years)
 
Gross
Carrying
Value
 
 
Accumulated Amortization
 
 
Net Book
Value
Patents, licenses and software
 
10.5
 
$
192,215

 
$
71,451

 
$
120,764

Distribution network
 
12.6
 
44,098

 
34,214

 
9,884

Customer relationships, trademarks, and tradenames
 
18
 
312,267

 
69,478

 
242,789

Order backlog
 
0.3
 
12,420

 
8,706

 
3,714

Total
 
 
 
$
561,000


$
183,849


$
377,151


 






During the nine months ended September 29, 2018, the Company recorded additions to other intangible assets of $212.7 million, related to the IXYS acquisition, the components of which were as follows:
 
(in thousands, except weighted average useful life)
 
Weighted
Average
Useful Life (Years)
 
 
 
Amount
Patents, licenses and software
 
8
 
$
51,500

Customer relationships, trademarks, and tradenames
 
17.2
 
148,800

Order backlog
 
1
 
12,420

Total
 
 
 
$
212,720



During the three and nine months ended September 29, 2018 and September 30, 2017, the Company recorded amortization expense of $13.1 million and $38.5 million and $6.3 million and $18.4 million, respectively, for intangible assets with definite lives.
 
Estimated annual amortization expense related to intangible assets with definite lives as of September 29, 2018 is as follows:

 
(in thousands)
Amount
2018
$
53,383

2019
40,454

2020
40,237

2021
38,403

2022
37,506

2023 and thereafter
206,586

Total
$
416,569