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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill activity for each of the Company’s reportable segments that carry goodwill, MS, Microcontamination Control (“MC”), and Advanced Materials Handling (“AMH”), was as follows at March 30, 2024 and December 31, 2023:
(In thousands) | MS |  | MC |  | AMH |  | Total |  |
December 31, 2023 | $ | 3,631,350 |  |  | $ | 240,408 |  |  | $ | 74,102 |  |  | $ | 3,945,860 |  |  |
Foreign currency translation | (24) |  |  | (1,489) |  |  | — |  |  | (1,513) |  |  |
March 30, 2024 | $ | 3,631,326 |  |  | $ | 238,919 |  |  | $ | 74,102 |  |  | $ | 3,944,347 |  |  |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | Identifiable intangible assets at March 30, 2024 and December 31, 2023 consist of the following:
March 30, 2024
(In thousands) | Gross carrying amount |  | Accumulated amortization |  | Net carrying value
Developed technology | $ | 1,256,335 |  |  | $ | 492,343 |  |  | $ | 763,992 |
Trademarks and trade names | 171,990 |  |  | 40,591 |  |  | 131,399 |
Customer relationships | 630,580 |  |  | 304,410 |  |  | 326,170 |
In-process research and development (1) | 7,100 |  |  | — |  |  | 7,100 |
Other | 23,924 |  |  | 21,296 |  |  | 2,628 |
| $ | 2,089,929 |  |  | $ | 858,640 |  |  | $ | 1,231,289 |
December 31, 2023
(In thousands) | Gross carrying amount |  | Accumulated amortization |  | Net carrying value
Developed technology | $ | 1,256,469 |  |  | $ | 455,720 |  |  | $ | 800,749 |
Trademarks and trade names | 172,031 |  |  | 37,877 |  |  | 134,154 |
Customer relationships | 630,743 |  |  | 293,782 |  |  | 336,961 |
In-process research and development (1) | 7,100 |  |  | — |  |  | 7,100 |
Other | 23,924 |  |  | 20,919 |  |  | 3,005 |
| $ | 2,090,267 |  |  | $ | 808,298 |  |  | $ | 1,281,969 |
(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 March 30, 2024:
(In thousands) | Remaining 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | Thereafter |  | Total
Future amortization expense | $ | 142,095 |  |  | 184,730 |  |  | 182,125 |  |  | 178,316 |  |  | 175,287 |  |  | 368,736 |  |  | $ | 1,231,289 |

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