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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | 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 |

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