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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The amounts for goodwill and changes in the carrying value by segment are as follows:
(in thousands) | Electronics |  | Automotive |  | Industrial |  | Total
Gross goodwill as of December 29, 2018 | $ | 656,039 |  |  | $ | 132,332 |  |  | $ | 46,830 |  |  | $ | 835,201 |
Accumulated impairment losses as of December 29, 2018 | — |  |  | — |  |  | (8,486) |  |  | (8,486) |
Net goodwill as of December 29, 2018 | $ | 656,039 |  |  | $ | 132,332 |  |  | $ | 38,344 |  |  | $ | 826,715 |
Changes during 2019: |  |  |  |  |  |  |
Foreign currency translation adjustments | (5,243) |  |  | (1,011) |  |  | 128 |  |  | (6,126) |
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 |
The Company tests its goodwill annually for impairment on the first day of its fiscal fourth quarter, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. During the second quarter of 2020, the Company recorded a non-cash charge of $33.8 million to recognize the impairment of goodwill in the automotive sensors reporting unit within the Automotive segment. The goodwill impairment charge was due to reductions in the estimated fair value for the automotive sensors reporting unit based on lower expectations for future revenue, profitability and cash flows as compared to the expectations of the 2019 annual goodwill impairment test. These lower future expectations were driven by projected extended declines in end market demand due to the COVID-19 pandemic. In addition, during the second quarter of 2020, certain customers notified the Company of their decision to delay future programs along with a customer canceling their existing program. The goodwill impairment charge was determined using Level 3 inputs, including discounted cash flow analysis and comparable marketplace fair value data. As of December 26, 2020, the automotive sensors reporting unit had $9.8 million of remaining goodwill. The components of intangible assets at December 26, 2020 and December 28, 2019 are as follows:
| 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 |
| As of December 28, 2019
(in thousands) | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Land use rights | $ | 9,649 |  |  | $ | 1,730 |  |  | $ | 7,919 |
Patents, licenses and software | $ | 131,164 |  |  | $ | 78,828 |  |  | $ | 52,336 |
Distribution network | 43,239 |  |  | 36,163 |  |  | 7,076 |
Customer relationships, trademarks, and tradenames | 360,534 |  |  | 106,618 |  |  | 253,916 |
Total | $ | 544,586 |  |  | $ | 223,339 |  |  | $ | 321,247 |
During the year ended December 29, 2018, the Company recorded additions to other intangible assets of $212.7 million, for acquisitions during 2018, the components of which were as follows:
| 2018
(in thousands, except weighted average useful life) | Weighted Average Useful Life (Years) |  | Amount
Patents, licenses and software | 8.0 |  | $ | 51,500 |
Customer relationships, trademarks, and tradenames | 17.2 |  | 148,800 |
Order backlog | 1.0 |  | 12,420 |
Total |  |  | $ | 212,720 |
For intangible assets with definite lives, the Company recorded amortization expense of $40.0 million, $40.0 million, and $52.2 million in 2020, 2019, and 2018, respectively. Estimated annual amortization expense related to intangible assets with definite lives at December 26, 2020 is as follows:
(in thousands) | Amount
2021 | $ | 38,858 |
2022 | 37,851 |
2023 | 33,279 |
2024 | 30,121 |
2025 | 29,689 |
2026 and thereafter | 122,089 |
Total | $ | 291,887 |

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