Goodwill and Other Intangible Assets

3 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The amounts for goodwill and changes in the carrying value by segment for the three months ended March 28, 2020 are as follows:



(in thousands)	Electronics			Automotive			Industrial			Total
As of December 28, 2019	$	650,796		$	131,321		$	38,472		$	820,589
Currency translation	(5,873		)	(1,693		)	(260		)	(7,826		)
As of March 28, 2020	$	644,923		$	129,628		$	38,212		$	812,763

The components of other intangible assets at March 28, 2020 and December 28, 2019 are as follows:



	As of March 28, 2020
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	9,545	$	1,755	$	7,790
Patents, licenses and software	129,380		$	80,506	$	48,874
Distribution network	43,076		36,560		6,516
Customer relationships, trademarks, and tradenames	357,188		111,975		245,213
Total	$	539,189	$	230,796	$	308,393



	As of December 28, 2019
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	9,649	$	1,730	$	7,919
Patents, licenses and software	131,164		78,828		52,336
Distribution network	43,239		36,163		7,076
Customer relationships, trademarks, and tradenames	360,534		106,618		253,916
Total	$	544,586	$	223,339	$	321,247

During the three months ended March 28, 2020 and March 30, 2019, the Company recorded amortization expense of $10.0 million and $10.2 million, respectively.

During the three months ended March 28, 2020, the Company recognized a $0.3 million non-cash impairment charge on a certain patent triggered by the Company’s announcement to consolidate a manufacturing facility within the Industrial segment.

Estimated annual amortization expense related to intangible assets with definite lives as of March 28, 2020 is as follows:



(in thousands)	Amount
2020	$	38,291
2021	37,487
2022	36,561
2023	32,195
2024	29,135
2025 and thereafter	144,705
Total	$	318,374