Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The amounts for goodwill and changes in the carrying value by segment are as follows:


(in thousands)	Electronics		Transportation		Industrial		Total
Gross goodwill as of December 28, 2019	$	650,796	$	131,321	$	47,266	$	829,383
Accumulated impairment losses as of December 28, 2019	—		—		(8,794)		(8,794)
Net goodwill as of December 28, 2019	$	650,796	$	131,321	$	38,472	$	820,589
Changes during 2020:
Impairments			(33,841)				(33,841)
Foreign currency translation adjustments	25,529		4,451		84		30,064
Gross goodwill as of December 26, 2020	676,325		138,354		47,551		862,230
Accumulated impairment losses as of December 26, 2020	—		(36,423)		(8,995)		(45,418)
Net goodwill as of December 26, 2020	$	676,325	$	101,931	$	38,556	$	816,812
Changes during 2021:
Additions (a)	—		96,307		38,502		134,809

Foreign currency translation adjustments	(16,080)		(6,106)		179		(22,007)
Gross goodwill as of January 1, 2022	660,245		228,555		86,232		975,032
Accumulated impairment losses as of January 1, 2022	—		(36,177)		(9,065)		(45,242)
Net goodwill as of January 1, 2022	$	660,245	$	192,378	$	77,167	$	929,790

(a) The additions primarily resulted from the acquisitions of Carling and Hartland.

Schedule of finite-lived intangible assets

The components of intangible assets at January 1, 2022 and December 26, 2020 are as follows:


	As of January 1, 2022
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	19,542	$	1,906	$	17,636
Patents, licenses and software	164,556		101,307		63,249
Distribution network	43,361		40,591		2,770
Customer relationships, trademarks, and tradenames	487,710		164,239		323,471
Total	$	715,169	$	308,043	$	407,126


	As of December 26, 2020
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	10,280	$	2,007	$	8,273
Patents, licenses and software	137,210		92,868		44,342
Distribution network	43,910		38,980		4,930
Customer relationships, trademarks, and tradenames	372,064		137,722		234,342
Total	$	563,464	$	271,577	$	291,887

During the year ended January 1, 2022, the Company recorded additions to other intangible assets of $165.6 million, for acquisitions during 2021, the components of which were as follows:


	2021
(in thousands, except weighted average useful life)	Weighted Average Useful Life (Years)	Amount
Land use rights	50	$	9,590
Patents, developed technology	9.8	$	31,659
Customer relationships, trademarks, and tradenames	13.0	124,301
Total		$	165,550

Schedule of finite-lived intangible assets, future amortization expense

Estimated annual amortization expense related to intangible assets with definite lives at January 1, 2022 is as follows:


(in thousands)	Amount
2022	$	50,035
2023	45,569
2024	42,151
2025	41,776
2026	33,245
2027 and thereafter	194,350
Total	$	407,126