Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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

Schedule of Finite-Lived Intangible Assets

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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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