Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The amounts for goodwill and changes in the carrying value by segment for the nine months ended September 28, 2019 are as follows:

(in thousands)	Electronics			Automotive			Industrial		Total
As of December 29, 2018	$	656,039		$	132,332		$	38,344	$	826,715
Currency translation	(10,627		)	(2,530		)	95		(13,062		)
As of September 28, 2019	$	645,412		$	129,802		$	38,439	$	813,653

Schedule of Finite-Lived Intangible Assets

The components of other intangible assets at September 28, 2019 are as follows:

 

(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Patents, licenses and software	$	136,565	$	76,797	$	59,768
Distribution network	43,638		36,014		7,624
Customer relationships, trademarks, and tradenames	372,627		113,602		259,025
Total	$	552,830	$	226,413	$	326,417

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual amortization expense related to intangible assets with definite lives as of September 28, 2019 is as follows:

(in thousands)	Amount
2019	$	41,376
2020	39,206
2021	37,606
2022	36,532
2023	32,150
2024 and thereafter	169,616
Total	$	356,486