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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 26, 2020
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 26, 2020 are as follows:
 
(in thousands)ElectronicsAutomotiveIndustrialTotal
As of December 28, 2019$650,796 $131,321 $38,472 $820,589 
Impairments— (33,841)— (33,841)
Currency translation11,122 1,988 (67)13,043 
As of September 26, 2020$661,918 $99,468 $38,405 $799,791 

The Company tests its goodwill annually for impairment on the first day of its fiscal fourth quarter, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. During the second quarter of 2020, the Company recorded a non-cash charge of $33.8 million to recognize the impairment of goodwill in the automotive sensors reporting unit within the Automotive segment. The goodwill impairment charge was due to reductions in the estimated fair value for the automotive sensors reporting unit based on lower expectations for future revenue, profitability and cash flows as compared to the expectations of the 2019 annual goodwill impairment test. These lower future expectations were driven by projected extended declines in end market demand due to the COVID-19 pandemic. In addition, during the second quarter of 2020, certain customers notified the Company of their decision to delay future programs along with a customer canceling their existing program. The goodwill impairment charge was determined using Level 3 inputs, including discounted cash flow analysis and comparable marketplace fair value data. As of September 26, 2020, the automotive sensors reporting unit had $9.4 million of remaining goodwill.
The components of other intangible assets as of September 26, 2020 and December 28, 2019 are as follows:
As of September 26, 2020
(in thousands)Gross
Carrying
Value
 
Accumulated Amortization
 
Net Book
Value
Land use rights$9,913 $1,895 $8,018 
Patents, licenses and software133,737 $88,142 $45,595 
Distribution network43,547 38,107 5,440 
Customer relationships, trademarks, and tradenames365,300 128,194 237,106 
Total$552,497 $256,338 $296,159 
 
 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 software131,164 78,828 52,336 
Distribution network43,239 36,163 7,076 
Customer relationships, trademarks, and tradenames360,534 106,618 253,916 
Total$544,586 $223,339 $321,247 

During the three months ended September 26, 2020 and September 28, 2019, the Company recorded amortization expense of $10.1 million and $9.8 million, respectively. During the nine months ended September 26, 2020 and September 28, 2019, the Company recorded amortization expense of $29.9 million and $30.1 million, respectively.

The Company recognized a $0.3 million non-cash impairment charge in the first quarter of 2020 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 September 26, 2020 is as follows:
 
(in thousands)
Amount
2020$41,742 
202138,258 
202237,274 
202332,492 
202429,695 
2025 and thereafter146,610 
Total$326,071