Goodwill and Intangible Assets

6 Months Ended

Jun. 29, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill activity for each period was as follows:



(In thousands)	Specialty Chemicals and Engineered Materials			Microcontamination Control		Advanced Materials Handling		Total
December 31, 2018	$	301,423		191,708		$	57,071	$	550,202
Addition due to acquisitions	34,516			—		—		34,516
Purchase accounting adjustments	—			451		—		451
Foreign currency translation	(1,850		)	9		—		(1,841		)
June 29, 2019	$	334,089		$	192,168	$	57,071	$	583,328

Identifiable intangible assets at June 29, 2019 and December 31, 2018 consist of the following:



June 29, 2019
(In thousands)	Gross carrying Amount		Accumulated amortization		Net carrying value
Developed technology	$	252,127	$	190,191	$	61,936
Trademarks and trade names	26,249		15,403		10,846
Customer relationships	329,545		146,189		183,356
Other	36,303		26,016		10,287
	$	644,224	$	377,799	$	266,425



December 31, 2018
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	248,776	$	176,421	$	72,355
Trademarks and trade names	25,643		14,749		10,894
Customer relationships	328,050		133,068		194,982
Other	36,306		18,850		17,456
	$	638,775	$	343,088	$	295,687

Future amortization expense during the remainder of 2019, the next four years and thereafter relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated at June 29, 2019 to be the following:



(In thousands)	Remaining 2019		2020	2021	2022	2023	Thereafter	Total
Future amortization expense	$	28,575	43,123	36,655	36,080	34,745	87,247	$	266,425