Goodwill and Other Intangibles

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

5 Goodwill and Other Intangibles

The carrying amount of goodwill was $438 million and $444 million at April 3, 2021 and December 31, 2020, respectively. The effect of foreign currency translation decreased goodwill by $6 million.

The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):


	April 3, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period		Gross Carrying Amount		Accumulated Amortization		Weighted- Average Amortization Period



Capitalized software	$	563,157	$	403,614		5 years	$	584,452	$	409,847		5 years
Purchased intangibles		202,828		160,028		11 years		205,585		160,342		11 years
Trademarks		9,680		—		—		9,680		—		—
Licenses		5,960		5,773		6 years		5,923		5,697		6 years
Patents and other intangibles		92,321		63,678		8 years		90,699		61,808		8 years

Total	$	873,946	$	633,093		7 years	$	896,339	$	637,694		7 years

The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $27 million and $19 million, respectively, in the three months ended April 3, 2021 due to the effects of foreign currency translation. Amortization expense for intangible assets was $15 million and $13 million for the three months ended April 3, 2021 and March 28, 2020, respectively. Amortization expense for intangible assets is estimated to be $62 million per year for each of the next five years.