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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying value of goodwill by segment for the nine months ended October 1, 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) |  | 278,016 |  |  | 15,174 |  |  | — |  |  | 293,190 |
Currency translation |  | (42,086) |  |  | (11,440) |  |  | (996) |  |  | (54,522) |
Net book value of goodwill as of October 1, 2022 |  |  |  |  |  |  |  |
Gross goodwill as of October 1, 2022 |  | 896,175 |  |  | 227,927 |  |  | 84,616 |  |  | 1,208,718 |
Accumulated impairment losses as of October 1, 2022 |  | — |  |  | (31,815) |  |  | $ | (8,445) |  |  | (40,260) |
Total |  | $ | 896,175 |  |  | $ | 196,112 |  |  | $ | 76,171 |  |  | $ | 1,168,458 |
(a) The additions resulted from the acquisitions of C&K, Embed and Carling.
Schedule of Finite-Lived Intangible Assets | The components of other intangible assets as of October 1, 2022 and January 1, 2022 are as follows:
|  |  | As of October 1, 2022
(in thousands) |  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Land use rights |  |  | $ | 17,459 |  |  | $ | 2,081 |  |  | $ | 15,378 |
Patents, licenses and software |  |  | 260,478 |  |  | 134,234 |  |  | 126,244 |
Distribution network |  |  | 41,250 |  |  | 39,989 |  |  | 1,261 |
Customer relationships, trademarks, and tradenames |  |  | 614,571 |  |  | 152,144 |  |  | 462,427 |
Total |  |  | $ | 933,758 |  |  | $ | 328,448 |  |  | $ | 605,310 |
| 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 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of C&K Acquisitions | During the three months ended October 1, 2022, the Company recorded additions to intangible assets of $254.7 million, related to the C&K acquisition, the components of which were as follows:
(in thousands) | Weighted Average Useful Life |  | Amount
Patents, licenses and software | 12 |  | $ | 55,700 |
Customer relationships, trademarks, and tradenames | 17 |  | 199,000 |
Total |  |  | $ | 254,700 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated annual amortization expense related to intangible assets with definite lives as of October 1, 2022 is as follows:
(in thousands) | Amount
2022 | $ | 55,735 |
2023 | 59,823 |
2024 | 56,539 |
2025 | 56,201 |
2026 | 49,944 |
2027 and thereafter | 366,951 |
Total | $ | 645,193 |

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