Goodwill and Intangible Assets (Tables)

9 Months Ended

Oct. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill activity for each of the Company’s reportable segments that carry goodwill, Specialty Chemicals and Engineered Materials (“SCEM”), Microcontamination Control (“MC”), Advanced Materials Handling (“AMH”), and Advanced Planarization Solutions (“APS”) for each was as follows:

(In thousands)	SCEM		MC		AMH		APS		Total
December 31, 2021	$	470,875	$	248,725	$	74,102	$	—	$	793,702
Addition due to acquisitions	275,771		—		—		3,357,367		3,633,138
Purchase accounting adjustments	5		—		—		—		5
Goodwill reallocation	(120,980)		—		—		120,980		—
Foreign currency translation	(1,863)		(8,667)		—		(11,023)		(21,553)
October 1, 2022	$	623,808	$	240,058	$	74,102	$	3,467,324	$	4,405,292

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Identifiable intangible assets at October 1, 2022 and December 31, 2021 consist of the following:

October 1, 2022
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	1,298,717	$	281,407	$	1,017,310
Trademarks and trade names	267,718		25,680		242,038
Customer relationships	926,425		260,268		666,157
Other	62,006		17,782		44,224
	$	2,554,866	$	585,137	$	1,969,729

December 31, 2021
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	293,982	$	232,722	$	61,260
Trademarks and trade names	33,553		20,340		13,213
Customer relationships	481,674		227,350		254,324
Other	20,505		14,189		6,316
	$	829,714	$	494,601	$	335,113

Estimated Future Amortization Expense

Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at October 1, 2022:

(In thousands)	Remaining 2022		2023	2024	2025	2026	Thereafter	Total
Future amortization expense	$	65,728	258,598	239,039	232,754	230,526	943,084	$	1,969,729