Goodwill and other intangible assets

9 Months Ended

Sep. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Note 7 — Goodwill and other intangible assets

The following table provides information relating to changes in the carrying amount of goodwill by reportable operating segment for the nine months ended September 27, 2020:

	Americas		EMEA		Asia		OEM		Total
	(Dollars in thousands)
December 31, 2019	$	1,550,925	$	475,772	$	213,725	$	4,883	$	2,245,305
Goodwill related to acquisitions	—		—		—		107,127		107,127
Currency translation adjustment	(2,824)		12,636		1,593		—		11,405
September 27, 2020	$	1,548,101	$	488,408	$	215,318	$	112,010	$	2,363,837

The gross carrying amount of, and accumulated amortization relating to, intangible assets as of September 27, 2020 and December 31, 2019 were as follows:

	Gross Carrying Amount				Accumulated Amortization
	September 27, 2020		December 31, 2019		September 27, 2020		December 31, 2019
	(Dollars in thousands)
Customer relationships	$	1,169,307	$	1,021,852	$	(408,372)	$	(367,585)
In-process research and development	28,735		27,940		—		—
Intellectual property	1,394,676		1,351,990		(466,330)		(402,340)
Distribution rights	23,604		23,369		(19,829)		(18,859)
Trade names	566,532		563,315		(61,911)		(50,718)
Non-compete agreements	23,479		22,618		(20,961)		(15,297)
	$	3,206,333	$	3,011,084	$	(977,403)	$	(854,799)