XML 21 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2018
Intangible Assets
GOODWILL AND INTANGIBLE ASSETS

Goodwill activity for each period was as follows:
(In thousands)
Specialty Chemicals and Engineered Materials
 
Micro-contamination Control
 
Advanced Materials Handling
 
Total
December 31, 2017
$
304,270

 
8,007

 
$
47,411

 
$
359,688

Addition due to acquisitions

 
162,251

 
10,381

 
172,632

Foreign currency translation
(2,387
)
 

 

 
(2,387
)
June 30, 2018
$
301,883

 
$
170,258

 
$
57,792

 
$
529,933



Identifiable intangible assets at June 30, 2018 and December 31, 2017 consist of the following:
June 30, 2018
(In thousands)
Gross  carrying
Amount
 
Accumulated
amortization
 
Net  carrying
value
Developed technology
$
246,610

 
$
162,432

 
$
84,178

Trademarks and trade names
25,655

 
14,059

 
11,596

Customer relationships
367,723

 
119,049

 
248,674

Other
25,857

 
8,876

 
16,981

 
$
665,845

 
$
304,416

 
$
361,429

December 31, 2017
(In thousands)
Gross  carrying
amount
 
Accumulated
amortization
 
Net  carrying
value
Developed technology
$
206,224

 
$
149,215

 
$
57,009

Trademarks and trade names
16,807

 
13,712

 
3,095

Customer relationships
220,806

 
110,281

 
110,525

Other
20,032

 
8,231

 
11,801

 
$
463,869

 
$
281,439

 
$
182,430


Future amortization expense for each of the five succeeding years and thereafter relating to intangible assets currently recorded in the Company's consolidated balance sheets is estimated at June 30, 2018 to be the following:
 
 
Fiscal year ending December 31
(In thousands)
2018
$
35,112

2019
57,590

2020
42,732

2021
36,042

2022
35,266

Thereafter
154,687

 
$
361,429