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Goodwill and Other Intangible Assets | 3 Months Ended
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Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying value of goodwill by segment for the three months ended April 2, 2022 are as follows:
(in thousands) |  | Electronics |  | Transportation |  | Industrial |  | Total
Net book value of goodwill as of January 1, 2022 |  |  |  |  |  |  |  |
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) |
Total |  | 660,245 |  |  | 192,378 |  |  | 77,167 |  |  | 929,790 |
Changes during 2022: |  |  |  |  |  |  |  |
Additions(a) |  | — |  |  | 5,187 |  |  | — |  |  | 5,187 |
Currency translation |  | (6,746) |  |  | (1,610) |  |  | 111 |  |  | (8,245) |
Net book value of goodwill as of April 2, 2022 |  |  |  |  |  |  |  |
Gross goodwill as of April 2, 2022 |  | 653,499 |  |  | 231,733 |  |  | 86,517 |  |  | 971,749 |
Accumulated impairment losses as of April 2, 2022 |  | — |  |  | (35,778) |  |  | $ | (9,239) |  |  | (45,017) |
Total |  | $ | 653,499 |  |  | $ | 195,955 |  |  | $ | 77,278 |  |  | $ | 926,732 |
(a) The additions resulted from the acquisition of Carling. The components of other intangible assets as of April 2, 2022 and January 1, 2022 are as follows:
|  |  | As of April 2, 2022
(in thousands) |  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Land use rights |  |  | $ | 19,562 |  |  | $ | 2,019 |  |  | $ | 17,543 |
Patents, licenses and software |  |  | 163,214 |  |  | 103,649 |  |  | 59,565 |
Distribution network |  |  | 43,239 |  |  | 40,991 |  |  | 2,248 |
Customer relationships, trademarks, and tradenames |  |  | 483,872 |  |  | 171,373 |  |  | 312,499 |
Total |  |  | $ | 709,887 |  |  | $ | 318,032 |  |  | $ | 391,855 |
| 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 |
During the three months ended April 2, 2022 and March 27, 2021, the Company recorded amortization expense of $12.7 million and $10.5 million, respectively. Estimated annual amortization expense related to intangible assets with definite lives as of April 2, 2022 is as follows:
(in thousands) | Amount
2022 | $ | 49,911 |
2023 | 45,302 |
2024 | 41,899 |
2025 | 41,426 |
2026 | 32,955 |
2027 and thereafter | 193,086 |
Total | $ | 404,579 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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