Goodwill and Intangible Assets

6 Months Ended

Jun. 27, 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	1,276		1,897		—		3,173
Foreign currency translation	(3,283)		(1,007)		—		(4,290)
June 27, 2020	$	427,696	$	240,911	$	57,071	$	725,678

Identifiable intangible assets at June 27, 2020 and December 31, 2019 consist of the following:

June 27, 2020
(In thousands)	Gross  carrying Amount		Accumulated amortization		Net  carrying value
Developed technology	$	279,130	$	216,205	$	62,925
Trademarks and trade names	28,918		17,245		11,673
Customer relationships	435,365		176,495		258,870
Other	36,295		27,505		8,790
	$	779,708	$	437,450	$	342,258

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 June 27, 2020 to be the following:

(In thousands)	Remaining 2020		2021	2022	2023	2024	Thereafter	Total
Future amortization expense	$	23,817	47,407	46,639	44,763	31,295	148,337	$	342,258