Goodwill and Intangible Assets

3 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

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, 2019	$	397,952	$	240,021	$	57,071	$	695,044
Addition due to acquisitions	31,751		—		—		31,751
Purchase accounting adjustments	1,172		1,897		—		3,069
Foreign currency translation	(2,526)		(1,104)		—		(3,630)
March 28, 2020	$	428,349	$	240,814	$	57,071	$	726,234

Identifiable intangible assets at March 28, 2020 and December 31, 2019 consist of the following:

March 28, 2020
(In thousands)	Gross  carrying Amount		Accumulated amortization		Net  carrying value
Developed technology	$	279,158	$	212,026	$	67,132
Trademarks and trade names	28,942		16,753		12,189
Customer relationships	435,880		168,548		267,332
Other	36,297		27,135		9,162
	$	780,277	$	424,462	$	355,815

December 31, 2019
(In thousands)	Gross  carrying amount		Accumulated amortization		Net  carrying value
Developed technology	$	272,334	$	204,689	$	67,645
Trademarks and trade names	29,106		16,326		12,780
Customer relationships	405,537		161,551		243,986
Other	36,303		26,762		9,541
	$	743,280	$	409,328	$	333,952

Future amortization expense during the remainder of 2020, the next four years and thereafter relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated at March 28, 2020 to be the following:

(In thousands)	Remaining 2020		2021	2022	2023	2024	Thereafter	Total
Future amortization expense	$	36,983	47,004	46,234	45,545	31,735	148,314	$	355,815