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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Goodwill activity for each of the Company’s reportable segments that carry goodwill, Materials Solutions (“MS”), Microcontamination Control (“MC”), and Advanced Materials Handling (“AMH”), was as follows at December 31, 2022 and September 30, 2023:
(In thousands)MSMCAMHTotal
December 31, 2022$4,092,141 $242,088 $74,102 $4,408,331 
Goodwill impairment(104,785)— — (104,785)
Disposition of business(90,005)— — (90,005)
Purchase accounting adjustments(1,021)— — (1,021)
Assets held-for-sale(254,524)— — (254,524)
Foreign currency translation(43)(3,917)— (3,960)
September 30, 2023$3,641,763 $238,171 $74,102 $3,954,036 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Identifiable intangible assets at September 30, 2023 and December 31, 2022 consist of the following:
September 30, 2023
(In thousands)Gross carrying
amount
Accumulated
amortization
Net carrying
value
Developed technology$1,262,647 $421,703 $840,944 
Trademarks and trade names172,260 35,395 136,865 
Customer relationships673,718 294,056 379,662 
In-process research and development (1)
7,600 — 7,600 
Other23,924 20,632 3,292 
$2,140,149 $771,786 $1,368,363 
December 31, 2022
(In thousands)Gross carrying
amount
Accumulated
amortization
Net carrying
value
Developed technology$1,302,101 $313,876 $988,225 
Trademarks and trade names250,473 29,565 220,908 
Customer relationships863,947 273,039 590,908 
In-process research and development (1)
31,100 — 31,100 
Other31,206 20,392 10,814 
$2,478,827 $636,872 $1,841,955 
(1) Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the useful life and begin amortizing the assets.
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 September 30, 2023:
(In thousands)Remaining 20232024202520262027ThereafterTotal
Future amortization expense$51,134 194,670 188,318 185,372 181,684 567,185 $1,368,363