0001101302-19-000044 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 28, 2019	Oct. 21, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2019
Document Transition Report	false
Entity File Number	001-32598
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	129 Concord Road,
Entity Address, City or Town	Billerica,
Entity Address, State or Province	MA
Entity Tax Identification Number	41-1941551
Entity Address, Postal Zip Code	01821
City Area Code	978
Local Phone Number	436-6500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	ENTG
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		134,874,386
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	ENTEGRIS INC
Entity Central Index Key	0001101302
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 282,748	$ 482,062
Trade accounts and notes receivable, net of allowance for doubtful accounts of $1,247 and $893	261,306	222,055
Inventories, net	290,270	268,140
Deferred tax charges and refundable income taxes	21,825	17,393
Other current assets	28,091	39,688
Total current assets	884,240	1,029,338
Property, plant and equipment, net of accumulated depreciation of $510,316 and $461,222	470,005	419,529
Other assets:
Right-of-use assets	48,684	0
Goodwill	659,840	550,202
Intangible assets, net of accumulated amortization of $392,262 and $343,088	367,558	295,687
Deferred tax assets and other noncurrent tax assets	23,191	10,162
Other	14,166	12,723
Total assets	2,467,684	2,317,641
Current liabilities:
Long-term debt, current maturities	4,000	4,000
Accounts payable	73,071	93,055
Accrued payroll and related benefits	58,646	78,288
Other accrued liabilities	74,528	62,732
Income taxes payable	2,835	31,593
Total current liabilities	213,080	269,668
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $9,920 and $11,137	934,080	934,863
Pension benefit obligations and other liabilities	52,906	31,795
Deferred tax liabilities and other noncurrent tax liabilities	103,326	69,290
Long-term lease liability	44,375	0
Commitments and contingent liabilities	0	0
Equity:
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of September 28, 2019 and December 31, 2018	0	0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of September 28, 2019: 135,141,486 and 134,939,086, respectively; issued and outstanding shares as of December 31, 2018: 136,179,381 and 135,976,981, respectively	1,351	1,362
Treasury stock, at cost: 202,400 shares held as of September 28, 2019 and December 31, 2018	(7,112)	(7,112)
Additional paid-in capital	837,212	837,658
Retained earnings	332,579	213,753
Accumulated other comprehensive loss	(44,113)	(33,636)
Total equity	1,119,917	1,012,025
Total liabilities and equity	$ 2,467,684	$ 2,317,641

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Trade accounts and notes receivable, allowance for doubtful accounts	$ 1,247	$ 893
Property, plant and equipment, accumulated depreciation	510,316	461,222
Intangible assets, Accumulated amortization	392,262	343,088
Unamortized discount and debt issuance costs	$ 9,920	$ 11,137
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	135,141,486	136,179,381
Common stock, shares outstanding	134,939,086	135,976,981
Treasury stock, shares outstanding	202,400	202,400

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Net Sales	$ 394,147	$ 398,597	$ 1,164,068	$ 1,148,855
Cost of sales	223,797	216,881	650,051	608,764
Gross profit	170,350	181,716	514,017	540,091
Selling, general and administrative expenses	71,232	62,358	217,636	185,827
Engineering, research and development expenses	31,173	29,964	90,788	87,781
Amortization of intangible assets	15,152	21,419	50,400	45,102
Operating income	52,793	67,975	155,193	221,381
Interest expense	11,388	7,987	33,587	24,442
Interest income	(1,172)	(309)	(4,020)	(2,613)
Other expense (income), net	934	810	(121,329)	4,826
Income before income tax expense	41,643	59,487	246,955	194,726
Income tax expense	876	11,427	49,533	34,755
Net income	$ 40,767	$ 48,060	$ 197,422	$ 159,971
Basic net income per common share	$ 0.30	$ 0.34	$ 1.46	$ 1.13
Diluted net income per common share	$ 0.30	$ 0.34	$ 1.45	$ 1.12
Weighted shares outstanding:
Basic	135,092	141,556	135,256	141,613
Diluted	136,530	143,033	136,601	143,308

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Net income	$ 40,767	$ 48,060	$ 197,422	$ 159,971
Other comprehensive loss, net of tax
Foreign currency translation adjustments	(6,005)	(1,432)	(10,504)	(10,223)
Pension liability adjustments	17	17	27	70
Other comprehensive loss	(5,988)	(1,415)	(10,477)	(10,153)
Comprehensive income	$ 34,779	$ 46,645	$ 186,945	$ 149,818

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements Of Equity Condensed Consolidatd Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock, Common	Additional Paid-in Capital	Retained Earnings	Foreign currency translation adjustments	Defined benefit pension adjustments
Balance (in shares) at Dec. 31, 2017		141,283
Balance at Dec. 31, 2017	$ 993,018	$ 1,413	$ 0	$ 867,699	$ 147,418	$ (22,593)	$ (919)
Shares issued under stock plans (in shares)		815
Shares issued under stock plans	(13,650)	$ 8	0	(13,658)	0	0	0
Share-based compensation expense	4,128	$ 0	0	4,128	0	0	0
Repurchase and retirements of common stock (in shares)		(296)
Repurchase and retirements of common stock	(9,999)	$ (3)	0	(1,809)	(8,187)	0	0
Dividends declared	(9,913)	0	0	13	(9,926)	0	0
Pension liability adjustments	4	0	0	0	0	0	4
Foreign currency translation adjustments	3,835	0	0	0	0	3,835	0
Net income	57,562	$ 0	0	0	57,562	0	0
Balance (in shares) at Mar. 31, 2018		141,802
Balance at Mar. 31, 2018	1,024,394	$ 1,418	0	856,373	186,276	(18,758)	(915)
Balance (in shares) at Dec. 31, 2017		141,283
Balance at Dec. 31, 2017	993,018	$ 1,413	$ 0	867,699	147,418	(22,593)	(919)
Pension liability adjustments	70
Foreign currency translation adjustments	(10,223)
Net income	159,971
Balance (in shares) at Sep. 29, 2018		141,607	(202)
Balance at Sep. 29, 2018	1,083,671	$ 1,416	$ (7,112)	864,809	258,223	(32,816)	(849)
Cumulative effect of change in accounting principle	(591)	$ 0	0	0	(591)	0	0
Balance (in shares) at Mar. 31, 2018		141,802
Balance at Mar. 31, 2018	1,024,394	$ 1,418	0	856,373	186,276	(18,758)	(915)
Shares issued under stock plans (in shares)		171
Shares issued under stock plans	2,264	$ 1	0	2,263	0	0	0
Share-based compensation expense	4,429	$ 0	0	4,429	0	0	0
Repurchase and retirements of common stock (in shares)		(282)
Repurchase and retirements of common stock	(10,001)	$ (2)	0	(1,708)	(8,291)	0	0
Dividends declared	(9,953)	0	0	0	(9,953)	0	0
Pension liability adjustments	49	0	0	0	0	0	49
Foreign currency translation adjustments	(12,626)	0	0	0	0	(12,626)	0
Net income	54,349	$ 0	0	0	54,349	0	0
Balance (in shares) at Jun. 30, 2018		141,691
Balance at Jun. 30, 2018	1,052,905	$ 1,417	0	861,357	222,381	(31,384)	(866)
Shares issued under stock plans (in shares)		11
Shares issued under stock plans	(137)	$ 0	0	(137)	0	0	0
Share-based compensation expense	4,170	$ 0	$ 0	4,170	0	0	0
Repurchase and retirements of common stock (in shares)		(95)	(202)
Repurchase and retirements of common stock	(10,000)	$ (1)	$ (7,112)	(581)	(2,306)	0	0
Dividends declared	(9,912)	0	0	0	(9,912)	0	0
Pension liability adjustments	17	0	0	0	0	0	17
Foreign currency translation adjustments	(1,432)	0	0	0	0	(1,432)	0
Net income	48,060	$ 0	$ 0	0	48,060	0	0
Balance (in shares) at Sep. 29, 2018		141,607	(202)
Balance at Sep. 29, 2018	1,083,671	$ 1,416	$ (7,112)	864,809	258,223	(32,816)	(849)
Balance (in shares) at Dec. 31, 2018		136,179	(202)
Balance at Dec. 31, 2018	1,012,025	$ 1,362	$ (7,112)	837,658	213,753	(32,776)	(860)
Shares issued under stock plans (in shares)		572
Shares issued under stock plans	(6,812)	$ 5	0	(6,817)	0	0	0
Share-based compensation expense	4,653	$ 0	0	4,653	0	0	0
Repurchase and retirements of common stock (in shares)		(1,035)
Repurchase and retirements of common stock	(29,787)	$ (10)	0	(6,364)	(23,413)	0	0
Dividends declared	(9,510)	0	0	7	(9,517)	0	0
Pension liability adjustments	24	0	0	0	0	0	24
Foreign currency translation adjustments	(2,787)	0	0	0	0	(2,787)	0
Net income	32,658	$ 0	$ 0	0	32,658	0	0
Balance (in shares) at Mar. 30, 2019		135,716	(202)
Balance at Mar. 30, 2019	1,000,464	$ 1,357	$ (7,112)	829,137	213,481	(35,563)	(836)
Balance (in shares) at Dec. 31, 2018		136,179	(202)
Balance at Dec. 31, 2018	1,012,025	$ 1,362	$ (7,112)	837,658	213,753	(32,776)	(860)
Pension liability adjustments	27
Foreign currency translation adjustments	(10,504)
Net income	197,422
Balance (in shares) at Sep. 28, 2019		135,141	(202)
Balance at Sep. 28, 2019	1,119,917	$ 1,351	$ (7,112)	837,212	332,579	(43,280)	(833)
Balance (in shares) at Mar. 30, 2019		135,716	(202)
Balance at Mar. 30, 2019	1,000,464	$ 1,357	$ (7,112)	829,137	213,481	(35,563)	(836)
Shares issued under stock plans (in shares)		49
Shares issued under stock plans	(572)	$ 0	0	(572)	0	0	0
Share-based compensation expense	4,936	$ 0	0	4,936	0	0	0
Repurchase and retirements of common stock (in shares)		(422)
Repurchase and retirements of common stock	(15,000)	$ (4)	0	(2,579)	(12,417)	0	0
Dividends declared	(9,550)	0	0	0	(9,550)	0	0
Pension liability adjustments	(14)	0	0	0	0	0	(14)
Foreign currency translation adjustments	(1,712)	0	0	0	0	(1,712)	0
Net income	123,997	$ 0	$ 0	0	123,997	0	0
Balance (in shares) at Jun. 29, 2019		135,343	(202)
Balance at Jun. 29, 2019	1,102,549	$ 1,353	$ (7,112)	830,922	315,511	(37,275)	(850)
Shares issued under stock plans (in shares)		156
Shares issued under stock plans	3,158	$ 2	0	3,156	0	0	0
Share-based compensation expense	5,326	$ 0	0	5,326	0	0	0
Repurchase and retirements of common stock (in shares)		(358)
Repurchase and retirements of common stock	(15,000)	$ (4)	0	(2,206)	(12,790)	0	0
Dividends declared	(10,895)	0	0	14	(10,909)	0	0
Pension liability adjustments	17	0	0	0	0	0	17
Foreign currency translation adjustments	(6,005)	0	0	0	0	(6,005)	0
Net income	40,767	$ 0	$ 0	0	40,767	0	0
Balance (in shares) at Sep. 28, 2019		135,141	(202)
Balance at Sep. 28, 2019	$ 1,119,917	$ 1,351	$ (7,112)	$ 837,212	$ 332,579	$ (43,280)	$ (833)

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.08	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018
Operating activities:
Net income	$ 197,422	$ 159,971
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	54,623	48,236
Amortization	50,400	45,102
Share-based compensation expense	14,915	12,727
Provision for deferred income taxes	(2,123)	(1,066)
Other	14,251	10,584
Changes in operating assets and liabilities:
Trade accounts and notes receivable	(30,405)	(8,713)
Inventories	(5,689)	(28,788)
Accounts payable and accrued liabilities	(31,911)	(9,440)
Other current assets	11,284	1,390
Income taxes payable and refundable income taxes	(20,574)	(9,193)
Other	1,461	439
Net cash provided by operating activities	253,654	221,249
Investing activities:
Acquisition of property, plant and equipment	(86,423)	(75,337)
Payments to Acquire Businesses, Net of Cash Acquired	266,373	380,268
Other	2,815	5,014
Net cash used in investing activities	(349,981)	(450,591)
Financing activities:
Payments of long-term debt	(2,000)	(27,000)
Payments for dividends	(29,779)	(29,701)
Issuance of common stock	4,351	3,029
Repurchase of common stock	(65,321)	(30,000)
Taxes paid related to net share settlement of equity awards	(8,577)	(14,552)
Other	(502)	1,254
Net cash used in financing activities	(101,828)	(96,970)
Effect of exchange rate changes on cash and cash equivalents	(1,159)	(4,203)
Decrease in cash and cash equivalents	(199,314)	(330,515)
Cash and cash equivalents at beginning of period	482,062	625,408
Cash and cash equivalents at end of period	282,748	294,893
Supplemental Cash Flow Information
Deferred acquisition payments	32,462	0
Contingent consideration obligation	686	0
Equipment purchases in accounts payable	3,431	9,464
Dividends Payable	307	77
Schedule of interest and taxes paid
Interest paid	37,366	23,070
Income taxes paid, net of refunds received	$ 66,474	$ 44,249

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 28, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Entegris, Inc. (“Entegris”, “the Company”, “us”, “we”, or “our”) is a leading global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basis of Presentation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and contain all adjustments considered necessary, and are of a normal recurring nature, to present fairly the financial position as of September 28, 2019 and December 31, 2018, and the results of operations and comprehensive income for the three and nine months ended September 28, 2019 and September 29, 2018, the equity statements as of and for the three and nine months ended September 28, 2019 and September 29, 2018, and cash flows for the nine months ended September 28, 2019 and September 29, 2018. The condensed consolidated financial statements and accompanying notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2018. The results of operations for the three and nine months ended September 28, 2019 are not necessarily indicative of the results to be expected for the full year. Leases The Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets include operating leases. Lease liabilities for operating leases are classified in “Other accrued liabilities” and “Long-term lease liabilities” in our condensed consolidated balance sheet. We do not have material financing leases. Operating assets and liabilities are recognized at commencement date based on the present value of the lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The ROU assets includes prepaid lease payments and excludes lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease and non-lease components are generally accounted for separately for real estate leases. For non-real estate leases, we account for the lease and non-lease components as a single lease component. Fair Value of Financial Instruments The carrying value of cash equivalents, accounts receivable, accounts payable, accrued payroll and related benefits, and other accrued liabilities approximates fair value due to the short maturity of those items. The fair value of long-term debt, including current maturities, was $959.1 million at September 28, 2019, compared to the carrying amount of long-term debt, including current maturities, of $938.1 million at September 28, 2019. Recent Accounting Pronouncements Adopted in 2019 In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and expense recognition in the income statement. The Company adopted ASU No. 2016-02 using the modified retrospective method. See Note 9 Leases to the condensed consolidated financial statements for further details.

Revenues Revenues

9 Months Ended

Sep. 28, 2019

Revenues [Abstract]

Revenue from Contract with Customer

REVENUES

Revenue Recognition Revenue is measured based on consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer.

Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue.

Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold.

The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less.

When the Company receives consideration, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a sales contract, the Company records deferred revenue, which represents a contract liability. Such deferred revenue typically results from advance payments received on sales of the Company’s products. The Company makes the required disclosures below.

The Company does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Nature of goods and services The following is a description of principal activities from which the Company generates its revenues. The Company has three reportable segments. For more detailed information about reportable segments, see note 10 to the condensed consolidated financial statements. For each of the three reportable segments, the recognition of revenue regarding the nature of goods and services provided by the segments are similar and described below. The Company recognizes revenue for product sales at a point in time following the transfer of control of such products to the customer, which generally occurs upon shipment or delivery, depending on the terms of the underlying contracts. For product sales contracts that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation identified in the contract based on relative standalone selling prices, or estimates of such prices, and recognizes the related revenue as control of each individual product is transferred to the customer, in satisfaction of the corresponding performance obligations.

The Company generally recognizes revenue for sales of services when the Company has satisfied the performance obligation.

The Company also enters into arrangements to license its intellectual property. These arrangements typically permit the customer to use a specialized manufacturing process and in return the Company receives a royalty fee. If applicable, the Company recognizes revenue when the subsequent sale or usage occurs.

The Company offers certain customers cash discounts and volume rebates as sales incentives. The discounts and volume rebates are recorded as a reduction in sales at the time revenue is recognized in an amount estimated based on historical experience and contractual obligations. The Company periodically reviews the assumptions underlying its estimates of discounts and volume rebates and adjusts its revenues accordingly.

In addition, the Company offers free product rebates to certain customers. The Company utilizes an adjusted market approach to estimate the stand-alone selling price of the loyalty program and allocates a portion of the consideration received to the free product offering. The free product offering is redeemable upon future purchases of the Company’s products. The amount associated with free product rebates is deferred in the balance sheet and is recognized as revenue when the free product is redeemed or when the likelihood of redemption is remote. The Company deems the amount immaterial for disclosure.

The Company provides for the estimated costs of fulfilling our obligations under product warranties at the time the related revenue is recognized. The Company estimates the costs based on historical failure rates, projected repair costs, and knowledge of specific product failures (if any). The specific warranty terms and conditions vary depending upon the product sold and the country in which we do business, but generally include parts and labor over a period generally ranging from 90 days to one year. The Company regularly reevaluates its estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary.

The Company’s contracts are generally short-term in nature. Most contracts do not exceed twelve months. Payment terms vary by the type and location of the Company’s customers and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer. Those customers that prepay are represented by the contract liabilities below until the performance obligations are satisfied.

The following table provides information about contract liabilities from contracts with customers. The contract liabilities are included in other accrued liabilities balance in the condensed consolidated balance sheet.



(In thousands)	September 28, 2019		December 31, 2018
Contract liabilities - current	$	10,734	$	15,364

Significant changes in the contract liabilities balances during the period are as follows:



	Nine months ended
(In thousands)	September 28, 2019
Revenue recognized that was included in the contract liability balance at the beginning of the period	$	(14,565	)
Increases due to cash received, excluding amounts recognized as revenue during the period	9,936

Acquisition

9 Months Ended

Sep. 28, 2019

Business Combinations [Abstract]

Business Combination Disclosure

ACQUISITIONS

Hangzhou Anow Microfiltration Co., Ltd.

On September 17, 2019, the Company acquired Hangzhou Anow Microfiltration Co., Ltd. (Anow), a filtration company for diverse industries including semiconductor, pharmaceutical, and medical. Anow reports into the Microcontamination Control division of the Company. The acquisition was accounted for under the acquisition method of accounting and the results of Anow are included in the Company’s condensed consolidated financial statements as of and since September 17, 2019. Costs associated with the acquisition of Anow were $2.0 million and $2.3 million for the three and nine months ended September 28, 2019, respectively, and were expensed as incurred. These costs are included in selling, general and administrative expenses in the Company’s condensed consolidated statement of operations. The acquisition does not constitute a material business combination.

The purchase price for Anow is $73.0 million, net of cash acquired. The purchase price includes (1) cash consideration of $62.8 million, or $59.1 million net of cash acquired (subject to revision for certain adjustments), which was funded from the Company’s existing cash on hand, (2) deferred payments due to the seller of $10.2 million that are due within one year, and (3) $3.7 million deferred payments due to the seller at the earliest date of September 18, 2021.

The purchase price of Anow exceeds the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $25.2 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. This additional investment value resulted in goodwill, which is expected to be non-deductible for income tax purposes.

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date:



(In thousands):	As of September 17, 2019
Trade accounts and note receivable, net	$	3,455
Inventories, net	4,242
Other current assets	202
Property, plant and equipment	8,863
Identifiable intangible assets	42,179
Other noncurrent assets	1,565
Accounts payable and accrued liabilities	(1,814		)
Noncurrent deferred tax liabilities	(10,890		)
Net assets acquired	47,802
Goodwill	25,212
Total purchase price, net of cash acquired	$	73,014

The Company recognized the following finite-lived intangible assets as part of the acquisition of Anow:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	2,430	10.0
Trademarks and trade names	2,598		10.0
Customer relationships	36,449		20.0
Other	702		3.0
	$	42,179	19.0

The final valuation of assets acquired and liabilities assumed is expected to be completed as soon as possible, but not later than one year from the acquisition date. Given the size and complexity of the acquisition, the valuation of certain assets and liabilities is still being completed and is subject to final review. To the extent that the Company’s estimates require adjustment, the Company will modify the values.

MPD Chemicals

On July 15, 2019, the Company acquired MPD Chemicals (MPD), a provider of advanced materials to the specialty chemical, technology, and life sciences industries. MPD reports into the Specialty Chemicals and Engineered Material division of the Company. The acquisition was accounted for under the acquisition method of accounting and the results of MPD are included in the Company’s condensed consolidated financial statements as of and since July 15, 2019. Costs associated with the acquisition of MPD were $2.9 million and $4.0 million for the three and nine months ended September 28, 2019, respectively, and were expensed as incurred. These costs are included in selling, general and administrative expense in the Company’s condensed consolidated statement of operations. The acquisition does not constitute a material business combination.

The purchase price for MPD is $162.4 million, net of cash acquired. The purchase price includes (1) cash consideration of $157.9 million (subject to revision for customary working capital adjustments), which was funded from the Company’s existing cash on hand, and (2) a fixed deferred payment of $5.0 million that is due on January 15, 2022, recorded at $4.5 million, which represents the fair value of this fixed deferred payment as of the acquisition date.

The fair value of the fixed deferred payment was determined by taking the present value of this fixed deferred payment based on the term and a discount factor. The fixed deferred payment is reflected in pension benefit obligations and other liabilities in the Company’s condensed consolidated balance sheets.

The purchase price of MPD exceeds the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $51.5 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. This additional investment value resulted in goodwill, which is expected to be deductible for income tax purposes.

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date:



(In thousands):	As of July 15, 2019
Trade accounts and note receivable, net	$	3,575
Inventories, net	21,899
Other current assets	318
Property, plant and equipment	14,571
Identifiable intangible assets	74,900
Right-of-use assets	3,677
Accounts payable and accrued liabilities	(2,440		)
Short-term lease liabilities	(144		)
Long-term lease liabilities	(4,016		)
Other noncurrent liabilities	(1,416		)
Net assets acquired	110,924
Goodwill	51,457
Total purchase price, net of cash acquired	$	162,381

The Company recognized the following finite-lived intangible assets as part of the acquisition of MPD:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	13,520	12.0
Trademarks and trade names	680		2.0
Customer relationships	60,700		17.0
	$	74,900	16.0

Digital Specialty Chemicals

On March 8, 2019, the Company acquired Digital Specialty Chemicals Limited (DSC), a Toronto, Canada-based provider of advanced materials to the specialty chemical, technology, and pharmaceutical industries. DSC reports into the Specialty Chemicals and Engineered Materials division of the Company. The acquisition was accounted for under the acquisition method of accounting and the results of operations of DSC are included in the Company’s condensed consolidated financial statements as of and since March 8, 2019. Costs associated with the acquisition of DSC were $2.1 million for the nine months ended September 28, 2019 and were expensed as incurred. These costs are included in selling, general and administrative expense in the Company’s condensed consolidated statements of operations. The acquisition does not constitute a material business combination.

The purchase price for DSC is $64.1 million, net of cash acquired. The purchase price includes (1) cash consideration of $49.9 million, or $49.4 million net of cash acquired, which was funded from the Company’s existing cash on hand, (2) a fixed deferred payment of $16.1 million that is due on March 31, 2022, recorded at $14.0 million representing the fair value of this fixed deferred payment as of the acquisition date, and (3) an earnout-based contingent consideration of $0.7 million based on the operating performance of DSC for a twelve-month period ended March 31, 2021.

Upon closing the acquisition, the Company recorded a contingent consideration obligation of $0.7 million, which represents the fair value of the earnout-based contingent consideration. This amount was estimated based on a Black Scholes model. Subsequent changes in the fair value of this obligation will be recognized as adjustments to the contingent consideration obligation and reflected within the Company’s condensed consolidated statements of operations.

The purchase price of DSC exceeds the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $36.5 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. This additional investment value resulted in goodwill, which is expected to be non-deductible for income tax purposes.

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition and as adjusted as of September 28, 2019:



(In thousands):	As of March 8, 2019			As of September 28, 2019
Trade accounts and note receivable, net	$	1,840		$	1,840
Inventories, net	5,523			4,307
Other current assets	1,389			1,389
Property, plant and equipment	16,791			16,654
Identifiable intangible assets	7,976			6,870
Right-of-use assets	79			79
Deferred tax asset	1,104			996
Other noncurrent assets	—			28
Accounts payable and accrued liabilities	(2,461		)	(2,474		)
Deferred tax liabilities	(2,861		)	(2,070		)
Long-term lease liability	(37		)	(37		)
Net assets acquired	29,343			27,582
Goodwill	35,133			36,539
Total purchase price, net of cash acquired	$	64,476		$	64,121

The allocation of the purchase price to the assets acquired and liabilities assumed is complete with the exception of the value allocated to income tax accounts. To the extent that the Company's estimates require adjustment, the Company will modify the values.

Flex Concepts

On June 26, 2018, the Company acquired Flex Concepts, Inc. (Flex), a technology company focused on single-use fluid handling bags, tubing manifolds and hardware for the life sciences industry. Flex reports into the AMH division of the Company.The purchase price of Flex was for cash consideration of $1.9 million. The transaction was accounted for under the acquisition method of accounting and the results of operations of Flex are included in the Company’s condensed consolidated financial statements since June 26, 2018. The acquisition does not constitute a material business combination.

During the year ended December 31, 2018, the Company finalized its fair value determinations of the assets acquired and liabilities assumed. The valuation of the assets acquired and liabilities assumed was based on the information that was available as of the acquisition date and the expectations and assumptions that have been deemed reasonable by the Company’s management.

SAES Pure Gas

On June 25, 2018, the Company acquired the SAES Pure Gas business (SPG) from SAES Getters S.p.A. for approximately $352.7 million in cash, or $341.5 million net of cash acquired, funded from the Company’s existing cash on hand. The acquisition was accounted for under the acquisition method of accounting and the results of operations of SPG are included in the Company’s condensed consolidated financial statements as of and since June 25, 2018. Direct costs of $4.8 million associated with the acquisition of SPG, consisting mainly of professional and consulting fees, were expensed as incurred for the year ended December 31, 2018. These costs are included in selling, general and administrative expense in the Company’s condensed consolidated statements of operations.

SPG, based in San Luis Obispo, California, is a leading provider of high-capacity gas purification systems used in semiconductor manufacturing and adjacent markets, and reports into the Microcontamination Control Division of the Company. This acquisition expands the gas purification solutions portfolio in our Microcontamination Control Division with high-capacity products suited for bulk chemical purification applications.

The following table summarizes the final allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at December 31, 2018 and as adjusted as of June 29, 2019:



(In thousands):	As of December 31, 2018			As of June 29, 2019
Trade accounts and note receivable, net	$	19,173		$	19,173
Inventories, net	42,758			42,758
Other current assets	1,322			706
Property, plant and equipment	6,653			6,653
Identifiable intangible assets	150,430			150,430
Deferred tax assets	831			734
Other noncurrent assets	12			12
Current liabilities	(26,473		)	(26,473		)
Deferred tax liabilities	(35,533		)	(35,271		)
Other noncurrent liabilities	(1,412		)	(1,412		)
Net assets acquired	157,761			157,310
Goodwill	183,729			184,180
Total purchase price, net of cash acquired	$	341,490		$	341,490

The fair value of acquired inventories of $42.8 million is valued at the estimated selling price less cost of disposal and reasonable profit for the selling effort. The fair value write-up of acquired work-in-process and finished goods inventory was $8.9 million, the amount of which was amortized over the expected turn of the acquired inventory. Accordingly, $0.0 million and $2.0 million incremental cost of sales charge associated with the fair value write-up of inventory acquired in the acquisition of SPG was recorded for the three and six months ended June 29, 2019, respectively.

The fair value of acquired property, plant and equipment of $6.7 million is valued at its value-in-use.

The Company recognized the following finite-lived intangible assets as part of the acquisition of SPG:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	20,070	8.0
Trademarks and trade names	6,670		12.0
Customer relationships	107,790		12.0
Other	15,900		0.9
	$	150,430	10.0

The acquired identifiable intangible assets are being amortized on a straight-line basis. The fair value of acquired identifiable intangible assets was determined using the “income approach”. In performing these valuations, the key underlying probability-adjusted assumptions of the discounted cash flows were projected revenues, gross margin expectations and operating cost estimates. The valuations were based on the information that was available as of the acquisition date and the expectations and assumptions that have been deemed reasonable by the Company’s management. There are inherent uncertainties and management judgment required in these determinations. The fair value measurements of the assets acquired and liabilities assumed were based on valuations involving significant unobservable inputs, or Level 3 inputs in the fair value hierarchy.

The purchase price of SPG exceeded the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $184.2 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. The purchase price also included the fair values of other assets that were not identifiable, not separately recognizable under accounting rules (e.g., assembled workforce) or of immaterial value in addition to a going-concern element that represents the Company’s ability to earn a higher rate of return on the group of assets than would be expected on the separate assets as determined during the valuation process. This additional investment value resulted in goodwill. No amount of goodwill is expected to be deductible for income tax purposes.

During the quarter ended June 29, 2019, the Company finalized its fair value determination of the assets acquired and liabilities assumed. The valuation of the assets acquired and liabilities assumed was based on the information that was available as of the acquisitions date, and the expectations and assumptions that have been deemed reasonable by the Company’s management.

Particle Sizing Systems

On January 22, 2018, the Company acquired Particle Sizing Systems, LLC (PSS), which provides particle sizing instrumentation for liquid applications to the semiconductor and life science industries. The acquired assets and assumed liabilities became part of the Company’s Advanced Materials Handling (AMH) segment. The transaction was accounted for

under the acquisition method of accounting and the results of operations of PSS are included in the Company’s condensed consolidated financial statements since January 22, 2018. The acquisition does not constitute a material business combination.

The purchase price for PSS was cash consideration of $37.3 million, funded from the Company’s existing cash on hand. Costs associated with the acquisition of the product line were not significant and were expensed as incurred.

The purchase price of PSS exceeds the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $8.8 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. This additional investment value resulted in goodwill, which is expected to be deductible for income tax purposes.

During the year ended December 31, 2018, the Company finalized its fair value determinations of the assets acquired and liabilities assumed. The valuation of the assets acquired and liabilities assumed was based on the information that was available as of the acquisition date, and the expectations and assumptions that have been deemed reasonable by the Company’s management.

Inventories

9 Months Ended

Sep. 28, 2019

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories consist of the following:



(In thousands)	September 28, 2019		December 31, 2018
Raw materials	$	94,522	$	100,770
Work-in process	34,851		31,412
Finished goods	160,897		135,958
Total inventories, net	$	290,270	$	268,140

Goodwill and Intangible Assets

9 Months Ended

Sep. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill activity for each period was as follows:



(In thousands)	Specialty Chemicals and Engineered Materials			Microcontamination Control			Advanced Materials Handling		Total
December 31, 2018	$	301,423		191,708			$	57,071	$	550,202
Addition due to acquisitions	86,590			25,214			—		111,804
Purchase accounting adjustments	1,406			451			—		1,857
Foreign currency translation	(3,749		)	(274		)	—		(4,023		)
September 28, 2019	$	385,670		$	217,099		$	57,071	$	659,840

Identifiable intangible assets at September 28, 2019 and December 31, 2018 consist of the following:



September 28, 2019
(In thousands)	Gross carrying Amount		Accumulated amortization		Net carrying value
Developed technology	$	268,593	$	197,176	$	71,417
Trademarks and trade names	28,856		15,767		13,089
Customer relationships	425,371		152,937		272,434
Other	37,000		26,382		10,618
	$	759,820	$	392,262	$	367,558



December 31, 2018
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	248,776	$	176,421	$	72,355
Trademarks and trade names	25,643		14,749		10,894
Customer relationships	328,050		133,068		194,982
Other	36,306		18,850		17,456
	$	638,775	$	343,088	$	295,687

Future amortization expense during the remainder of 2019, the next four years and thereafter relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated at September 28, 2019 to be the following:



(In thousands)	Remaining 2019		2020	2021	2022	2023	Thereafter	Total
Future amortization expense	$	16,016	50,731	41,587	40,997	39,005	179,222	$	367,558

Income Tax	9 Months Ended
Income Tax	Sep. 28, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAX The Company recorded income tax expense of $0.9 million and $49.5 million, respectively, in the three and nine months ended September 28, 2019, compared to income tax expense of $11.4 million and $34.8 million, respectively in the three and nine months ended September 29, 2018. The Company’s year-to-date effective tax rate was 20.1% in 2019, compared to 17.8% in 2018. The increase in the effective tax rate from 2018 to 2019 primarily relates to a discrete charge of $9.4 million in the second quarter of 2019 related to the reversal of a dividend received deduction benefit recorded in 2018. This discrete charge was recorded as a result of the issuance of final regulations during the second quarter. The discrete charge was partially offset by a benefit of $5.3 million recorded in the third quarter based on the filing of the federal tax return. Additionally, in the second quarter of 2019, the Company received a termination fee from Versum Materials, Inc. (“Versum”) based on the termination of the merger agreement with Versum and recorded a discrete charge of $23.5 million related to the termination fee, net of associated expenses. As a result of the termination fee, the Company released a valuation allowance on federal capital loss carryforwards and recorded a discrete benefit of $2.9 million. The year-to-date income tax expense in 2019 and 2018 includes discrete benefits of $3.3 million and $6.1 million, respectively, recorded in connection with share-based compensation.

Earnings Per Common Share

9 Months Ended

Sep. 28, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per common share (EPS):



	Three months ended		Nine months ended
(In thousands)	September 28, 2019	September 29, 2018	September 28, 2019	September 29, 2018
Basic—weighted common shares outstanding	135,092	141,556	135,256	141,613
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	1,438	1,477	1,345	1,695
Diluted—weighted common shares and common shares equivalent outstanding	136,530	143,033	136,601	143,308

The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three and nine months ended September 28, 2019 and September 29, 2018:



	Three months ended		Nine months ended
(In thousands)	September 28, 2019	September 29, 2018	September 28, 2019	September 29, 2018
Shares excluded from calculations of diluted EPS	6	295	261	253

Other expense (income), net

9 Months Ended

Sep. 28, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER EXPENSE (INCOME), NET

Other expense (income), net for the three and nine months ended September 28, 2019 and September 29, 2018 consists of the following:



	Three months ended				Nine months ended
(In thousands)	September 28, 2019		September 29, 2018		September 28, 2019			September 29, 2018
Versum termination fee, net	$	—	$	—	$	(122,000	)	$	—
Loss (gain) on foreign currency remeasurement	701		695		(222		)	3,637
Other, net	233		115		893			1,189
Other expense (income), net	$	934	$	810	$	(121,329	)	$	4,826

Versum termination fee, net

On January 28, 2019, the Company and Versum announced that they had entered into an Agreement and Plan of Merger, dated as of January 27, 2019 (the “Merger Agreement”), pursuant to which they agreed to combine in a merger of equals. On April 8, 2019, Versum announced that its Board of Directors had received a proposal from Merck KGaA to acquire Versum and that its Board of Directors had deemed such proposal as a “Superior Proposal” defined in the merger agreement. On April 12, 2019, the Company received a termination notice from Versum terminating the Merger Agreement. In accordance with the terms of the Merger Agreement, Entegris received a $140.0 million termination fee from Versum in the second quarter of 2019. Also in the second quarter of 2019, the Company paid a fee of $18.0 million to the third-party financial adviser it had engaged to assist with the transaction.

Leases

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Leases of Lessee Disclosure

LEASES

Adoption of ASC ASU No. 2016-02, Leases On January 1, 2019, the Company adopted ASU No. 2016-02 using the modified retrospective method applied to existing leases in place as of January 1, 2019. Leases entered into after January 1, 2019 are presented under the provisions of ASU No. 2016-02, while prior periods are not adjusted and continue to be reported in accordance with previous accounting guidance. Leases commencing or renewing after the adoption date are evaluated based on the guidance in ASU No. 2016-02 and may result in more finance leases being recognized even for the renewal of previously classified operating leases.

The Company elected to adopt the ‘package of practical expedients’, which permitted the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected the practical expedient pertaining to land easements, which allowed the Company to exclude evaluation of all existing land easements in connection with the adoption of the new lease requirements to assess whether they meet the definition of a lease. The Company did not elect the use-of-hindsight practical expedient and therefore did not reassess the lease terms for purposes of calculation of the lease liabilities and right-of-use assets at the adoption date. The Company elected the short-term lease recognition exemption for all leases that qualified. This means, for those leases that qualified, the Company did not recognize right-of-use assets or lease liabilities, and this included not recognizing right-of-use assets or lease liabilities for existing short-term leases of those assets in transition. The Company also elected the practical expedient to not separate lease and non-lease components for all leases other than leases of real estate, and this included not separating lease and non-lease components for all leases other than leases of real estate in transition.

The Company adopted ASU 2016-02 using the modified retrospective method, recognizing the cumulative effect of application as an adjustment to the opening balance sheet. The standard had a material impact on our condensed consolidated balance sheets, but did not have a material impact on our condensed consolidated statement of income or cash flows. The most significant impact was the recognition of the right-of-use asset and lease liabilities for operating leases. As of September 28, 2019, we do not have any material finance leases.

The details of the impact of the changes made to the Company’s condensed consolidated balance sheet date as of January 1, 2019, the date of adoption, are reflected in the following table.



(In thousands)	Debit/(Credit)
Right-of-use assets	$	46,162
Prepaid rent	(646		)
Short-term lease liability	(8,892		)
Short-term deferred rent	274
Long-term lease liability	(42,639		)
Long-term deferred rent	5,741
Deferred tax asset	11,629
Deferred tax liability	(11,629		)

Leases As of September 28, 2019, the Company was obligated under operating lease agreements for certain sales offices and manufacturing facilities, manufacturing equipment, vehicles, information technology equipment and warehouse space. Our leases have remaining lease terms of 1 year to 14 years, some of which may include options to extend the lease for up to 6 years, and some of which may include options to terminate the leases within 1 year. For the nine months ended September 28, 2019, the Company has obtained $5.8 million of operating lease assets in exchange for lease obligations.

As of September 28, 2019, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the condensed consolidated balance sheet as follows:



(In thousands)	Classification	September 28, 2019
Assets
Right-of-use assets	Right-of-use assets	$	48,684
Liabilities
Short-term lease liability	Other accrued liabilities	8,775
Long-term lease liability	Long-term lease liability	44,375
Total lease liabilities		$	53,150

Expense for leases less than 12 months for the three and nine months ended September 28, 2019 were not material. The components of lease expense for the three and nine months ended September 28, 2019 are as follows:



	Three months ended		Nine months ended
(In thousands)	September 28, 2019		September 28, 2019
Operating lease cost	$	3,334	$	9,146

The Company combines the amortization of the ROU assets and the change in the operating lease liability in the same line item in the Statement of Cash Flows. Other information related to the Company’s operating leases was as follows:



(In thousands)	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	8,107
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.78
Weighted average discount rate	5.17		%

Future minimum lease payments for noncancellable operating leases as of September 28, 2019, were as follows:



(In thousands)	Operating Leases
Remaining 2019	$	3,074
2020	10,679
2021	8,721
2022	6,846
2023	6,140
Thereafter	32,052
Total	$	67,512
Less: Interest	14,362
Present value of lease liabilities	$	53,150

Future minimum lease payments for noncancellable operating leases as of December 31, 2018, were as follows:



(In thousands)	Operating Leases
2019	$	11,360
2020	8,906
2021	6,836
2022	5,431
2023	5,208
Thereafter	27,153
Total	$	64,894

Segment Reporting

9 Months Ended

Sep. 28, 2019

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company’s financial segment reporting reflects an organizational alignment intended to leverage the Company’s unique portfolio of capabilities to create value for its customers by developing mission-critical solutions to maximize manufacturing yields and enable higher performance of devices. While these segments have separate products and technical know-how, they share common business systems and processes, technology centers, and strategic and technology roadmaps. The Company leverages its expertise from these three segments to create new and increasingly integrated solutions for its customers. The Company’s business is reported in the following segments:


•	Specialty Chemicals and Engineered Materials (SCEM): SCEM provides high-performance and high-purity process chemistries, gases, and materials and safe and efficient delivery systems to support semiconductor and other advanced manufacturing processes.


•	Microcontamination Control (MC): MC solutions to filter and purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.


•	Advanced Materials Handling (AMH): AMH develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and substrates for a broad set of applications in the semiconductor industry and other high-technology industries.

In the first quarter of 2019, the Company changed its definition of segment profit to include inter-segment sales. The Company updated its recognition of inter-segment sales to recognize the revenue and profit associated with products and components produced in one segment and supplied to another, before being sold to the ultimate end customer. The Company accounts for inter-segment sales and transfers as if the sales or transfers were to third parties, that is, at approximate market prices. Inter-segment sales are presented as an elimination below. Segment profit is defined as net sales less direct and indirect segment operating expenses, including certain general and administrative costs for the Company’s human resources, finance and information technology functions. The remaining unallocated expenses consist mainly of the Company’s corporate functions as well as interest expense, amortization of intangible assets and income tax expense. Prior quarter information has been recast to reflect the change in the Company’s definition of segment profit.

Summarized financial information for the Company’s reportable segments is shown in the following tables.



	Three months ended						Nine months ended
(In thousands)	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Net sales
SCEM	$	127,750		$	131,234		$	379,772		$	396,313
MC	155,979			151,478			463,870			395,338
AMH	117,256			123,227			340,835			377,877
Inter-segment elimination	(6,838		)	(7,342		)	(20,409		)	(20,673		)
Total net sales	$	394,147		$	398,597		$	1,164,068		$	1,148,855



	Three months ended				Nine months ended
(In thousands)	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Segment profit
SCEM	$	17,074	$	31,210	$	65,505	$	98,859
MC	46,792		42,448		137,241		119,973
AMH	17,077		22,226		54,487		73,231
Total segment profit	$	80,943	$	95,884	$	257,233	$	292,063

The following table reconciles total segment profit to income before income taxes:



	Three months ended						Nine months ended
(In thousands)	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Total segment profit	$	80,943		$	95,884		$	257,233		$	292,063
Less:
Amortization of intangible assets	15,152			21,419			50,400			45,102
Unallocated general and administrative expenses	12,998			6,490			51,640			25,580
Operating income	52,793			67,975			155,193			221,381
Interest expense	11,388			7,987			33,587			24,442
Interest income	(1,172		)	(309		)	(4,020		)	(2,613		)
Other expense (income), net	934			810			(121,329		)	4,826
Income before income tax expense	$	41,643		$	59,487		$	246,955		$	194,726

In the following tables, revenue is disaggregated by country or region for the three and nine months ended September 28, 2019 and September 29, 2018, respectively.



	Three months ended September 28, 2019											Nine months ended September 28, 2019
(In thousands)	SCEM		MC		AMH		Inter-segment			Total		SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	23,186	$	32,521	$	19,164	$	—		$	74,871	$	69,943	$	102,216	$	50,027	$	—		$	222,186
United States	40,176		31,186		36,548		(6,838		)	101,072		106,590		83,860		110,287		(20,409		)	280,328
South Korea	18,441		27,239		20,195		—			65,875		55,463		81,585		52,939		—			189,987
Japan	13,587		25,160		9,417		—			48,164		40,354		74,976		32,761		—			148,091
China	14,699		23,544		12,354		—			50,597		49,269		68,247		32,853		—			150,369
Europe	7,806		9,845		12,587		—			30,238		24,235		32,022		42,594		—			98,851
Southeast Asia	9,855		6,484		6,991		—			23,330		33,918		20,964		19,374		—			74,256
	$	127,750	$	155,979	$	117,256	$	(6,838	)	$	394,147	$	379,772	$	463,870	$	340,835	$	(20,409	)	$	1,164,068



	Three months ended September 29, 2018											Nine months ended September 29, 2018
(In thousands)	SCEM		MC		AMH		Inter-segment			Total		SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	25,436	$	34,452	$	18,745	$	—		$	78,633	$	79,653	$	80,556	$	50,942	$	—		$	211,151
United States	33,014		24,205		35,745		(7,342		)	85,622		99,543		65,794		111,089		(20,673		)	255,753
South Korea	21,088		18,893		19,858		—			59,839		62,206		58,698		66,407		—			187,311
Japan	12,141		27,479		12,049		—			51,669		40,707		82,016		35,160		—			157,883
China	18,667		27,360		12,263		—			58,290		50,373		56,417		38,793		—			145,583
Europe	7,579		10,873		16,899		—			35,351		23,345		30,963		49,859		—			104,167
Southeast Asia	13,309		8,216		7,668		—			29,193		40,486		20,894		25,627		—			87,007
	$	131,234	$	151,478	$	123,227	$	(7,342	)	$	398,597	$	396,313	$	395,338	$	377,877	$	(20,673	)	$	1,148,855

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 28, 2019
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Entegris, Inc. (“Entegris”, “the Company”, “us”, “we”, or “our”) is a leading global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and contain all adjustments considered necessary, and are of a normal recurring nature, to present fairly the financial position as of September 28, 2019 and December 31, 2018, and the results of operations and comprehensive income for the three and nine months ended September 28, 2019 and September 29, 2018, the equity statements as of and for the three and nine months ended September 28, 2019 and September 29, 2018, and cash flows for the nine months ended September 28, 2019 and September 29, 2018. The condensed consolidated financial statements and accompanying notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2018. The results of operations for the three and nine months ended September 28, 2019 are not necessarily indicative of the results to be expected for the full year.
Lessee, Leases [Policy Text Block]	Leases The Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets include operating leases. Lease liabilities for operating leases are classified in “Other accrued liabilities” and “Long-term lease liabilities” in our condensed consolidated balance sheet. We do not have material financing leases. Operating assets and liabilities are recognized at commencement date based on the present value of the lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The ROU assets includes prepaid lease payments and excludes lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease and non-lease components are generally accounted for separately for real estate leases. For non-real estate leases, we account for the lease and non-lease components as a single lease component.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of cash equivalents, accounts receivable, accounts payable, accrued payroll and related benefits, and other accrued liabilities approximates fair value due to the short maturity of those items. The fair value of long-term debt, including current maturities, was $959.1 million at September 28, 2019, compared to the carrying amount of long-term debt, including current maturities, of $938.1 million at September 28, 2019.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2019 In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and expense recognition in the income statement. The Company adopted ASU No. 2016-02 using the modified retrospective method. See Note 9 Leases to the condensed consolidated financial statements for further details.

Revenues (Tables)

9 Months Ended

Sep. 28, 2019

Revenues [Abstract]

Contract with Customer, Asset and Liability



(In thousands)	September 28, 2019		December 31, 2018
Contract liabilities - current	$	10,734	$	15,364

Significant changes for contract balances

Significant changes in the contract liabilities balances during the period are as follows:



	Nine months ended
(In thousands)	September 28, 2019
Revenue recognized that was included in the contract liability balance at the beginning of the period	$	(14,565	)
Increases due to cash received, excluding amounts recognized as revenue during the period	9,936

Acquisition (Tables)

9 Months Ended

Sep. 28, 2019

Anow Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date:



(In thousands):	As of September 17, 2019
Trade accounts and note receivable, net	$	3,455
Inventories, net	4,242
Other current assets	202
Property, plant and equipment	8,863
Identifiable intangible assets	42,179
Other noncurrent assets	1,565
Accounts payable and accrued liabilities	(1,814		)
Noncurrent deferred tax liabilities	(10,890		)
Net assets acquired	47,802
Goodwill	25,212
Total purchase price, net of cash acquired	$	73,014

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of Anow:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	2,430	10.0
Trademarks and trade names	2,598		10.0
Customer relationships	36,449		20.0
Other	702		3.0
	$	42,179	19.0

MPD Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the acquisition date:



(In thousands):	As of July 15, 2019
Trade accounts and note receivable, net	$	3,575
Inventories, net	21,899
Other current assets	318
Property, plant and equipment	14,571
Identifiable intangible assets	74,900
Right-of-use assets	3,677
Accounts payable and accrued liabilities	(2,440		)
Short-term lease liabilities	(144		)
Long-term lease liabilities	(4,016		)
Other noncurrent liabilities	(1,416		)
Net assets acquired	110,924
Goodwill	51,457
Total purchase price, net of cash acquired	$	162,381

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of MPD:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	13,520	12.0
Trademarks and trade names	680		2.0
Customer relationships	60,700		17.0
	$	74,900	16.0

DSC

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



(In thousands):	As of March 8, 2019			As of September 28, 2019
Trade accounts and note receivable, net	$	1,840		$	1,840
Inventories, net	5,523			4,307
Other current assets	1,389			1,389
Property, plant and equipment	16,791			16,654
Identifiable intangible assets	7,976			6,870
Right-of-use assets	79			79
Deferred tax asset	1,104			996
Other noncurrent assets	—			28
Accounts payable and accrued liabilities	(2,461		)	(2,474		)
Deferred tax liabilities	(2,861		)	(2,070		)
Long-term lease liability	(37		)	(37		)
Net assets acquired	29,343			27,582
Goodwill	35,133			36,539
Total purchase price, net of cash acquired	$	64,476		$	64,121

SPG

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



(In thousands):	As of December 31, 2018			As of June 29, 2019
Trade accounts and note receivable, net	$	19,173		$	19,173
Inventories, net	42,758			42,758
Other current assets	1,322			706
Property, plant and equipment	6,653			6,653
Identifiable intangible assets	150,430			150,430
Deferred tax assets	831			734
Other noncurrent assets	12			12
Current liabilities	(26,473		)	(26,473		)
Deferred tax liabilities	(35,533		)	(35,271		)
Other noncurrent liabilities	(1,412		)	(1,412		)
Net assets acquired	157,761			157,310
Goodwill	183,729			184,180
Total purchase price, net of cash acquired	$	341,490		$	341,490

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recognized the following finite-lived intangible assets as part of the acquisition of SPG:



(In thousands)	Amount		Weighted average life in years
Developed technology	$	20,070	8.0
Trademarks and trade names	6,670		12.0
Customer relationships	107,790		12.0
Other	15,900		0.9
	$	150,430	10.0

Inventories (Tables)

9 Months Ended

Sep. 28, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



(In thousands)	September 28, 2019		December 31, 2018
Raw materials	$	94,522	$	100,770
Work-in process	34,851		31,412
Finished goods	160,897		135,958
Total inventories, net	$	290,270	$	268,140

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill activity for each period was as follows:



(In thousands)	Specialty Chemicals and Engineered Materials			Microcontamination Control			Advanced Materials Handling		Total
December 31, 2018	$	301,423		191,708			$	57,071	$	550,202
Addition due to acquisitions	86,590			25,214			—		111,804
Purchase accounting adjustments	1,406			451			—		1,857
Foreign currency translation	(3,749		)	(274		)	—		(4,023		)
September 28, 2019	$	385,670		$	217,099		$	57,071	$	659,840

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Identifiable intangible assets at September 28, 2019 and December 31, 2018 consist of the following:



September 28, 2019
(In thousands)	Gross carrying Amount		Accumulated amortization		Net carrying value
Developed technology	$	268,593	$	197,176	$	71,417
Trademarks and trade names	28,856		15,767		13,089
Customer relationships	425,371		152,937		272,434
Other	37,000		26,382		10,618
	$	759,820	$	392,262	$	367,558



December 31, 2018
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value
Developed technology	$	248,776	$	176,421	$	72,355
Trademarks and trade names	25,643		14,749		10,894
Customer relationships	328,050		133,068		194,982
Other	36,306		18,850		17,456
	$	638,775	$	343,088	$	295,687

Estimated Future Amortization Expense



(In thousands)	Remaining 2019		2020	2021	2022	2023	Thereafter	Total
Future amortization expense	$	16,016	50,731	41,587	40,997	39,005	179,222	$	367,558

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 28, 2019

Earnings Per Share [Abstract]

Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share (EPS)

The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per common share (EPS):



	Three months ended		Nine months ended
(In thousands)	September 28, 2019	September 29, 2018	September 28, 2019	September 29, 2018
Basic—weighted common shares outstanding	135,092	141,556	135,256	141,613
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	1,438	1,477	1,345	1,695
Diluted—weighted common shares and common shares equivalent outstanding	136,530	143,033	136,601	143,308

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS



	Three months ended		Nine months ended
(In thousands)	September 28, 2019	September 29, 2018	September 28, 2019	September 29, 2018
Shares excluded from calculations of diluted EPS	6	295	261	253

Other expense (income), net (Tables)

9 Months Ended

Sep. 28, 2019

Other Income and Expenses [Abstract]

Schedule of Other Nonoperating Income (Expense) [Table Text Block]

Other expense (income), net for the three and nine months ended September 28, 2019 and September 29, 2018 consists of the following:



	Three months ended				Nine months ended
(In thousands)	September 28, 2019		September 29, 2018		September 28, 2019			September 29, 2018
Versum termination fee, net	$	—	$	—	$	(122,000	)	$	—
Loss (gain) on foreign currency remeasurement	701		695		(222		)	3,637
Other, net	233		115		893			1,189
Other expense (income), net	$	934	$	810	$	(121,329	)	$	4,826

Leases (Tables)

9 Months Ended

Sep. 28, 2019

Leases [Abstract]

Impacts of Adoption of ASU 842 Leases

The details of the impact of the changes made to the Company’s condensed consolidated balance sheet date as of January 1, 2019, the date of adoption, are reflected in the following table.



(In thousands)	Debit/(Credit)
Right-of-use assets	$	46,162
Prepaid rent	(646		)
Short-term lease liability	(8,892		)
Short-term deferred rent	274
Long-term lease liability	(42,639		)
Long-term deferred rent	5,741
Deferred tax asset	11,629
Deferred tax liability	(11,629		)

Lease Balance Components

As of September 28, 2019, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the condensed consolidated balance sheet as follows:



(In thousands)	Classification	September 28, 2019
Assets
Right-of-use assets	Right-of-use assets	$	48,684
Liabilities
Short-term lease liability	Other accrued liabilities	8,775
Long-term lease liability	Long-term lease liability	44,375
Total lease liabilities		$	53,150



(In thousands)	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	8,107
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.78
Weighted average discount rate	5.17		%

Components of Lease Expense

The components of lease expense for the three and nine months ended September 28, 2019 are as follows:



	Three months ended		Nine months ended
(In thousands)	September 28, 2019		September 28, 2019
Operating lease cost	$	3,334	$	9,146

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments for noncancellable operating leases as of September 28, 2019, were as follows:



(In thousands)	Operating Leases
Remaining 2019	$	3,074
2020	10,679
2021	8,721
2022	6,846
2023	6,140
Thereafter	32,052
Total	$	67,512
Less: Interest	14,362
Present value of lease liabilities	$	53,150

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments for noncancellable operating leases as of December 31, 2018, were as follows:



(In thousands)	Operating Leases
2019	$	11,360
2020	8,906
2021	6,836
2022	5,431
2023	5,208
Thereafter	27,153
Total	$	64,894

Segment Reporting (Tables)

9 Months Ended

Sep. 28, 2019

Segment Reporting [Abstract]

Summary of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables.



	Three months ended						Nine months ended
(In thousands)	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Net sales
SCEM	$	127,750		$	131,234		$	379,772		$	396,313
MC	155,979			151,478			463,870			395,338
AMH	117,256			123,227			340,835			377,877
Inter-segment elimination	(6,838		)	(7,342		)	(20,409		)	(20,673		)
Total net sales	$	394,147		$	398,597		$	1,164,068		$	1,148,855



	Three months ended				Nine months ended
(In thousands)	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Segment profit
SCEM	$	17,074	$	31,210	$	65,505	$	98,859
MC	46,792		42,448		137,241		119,973
AMH	17,077		22,226		54,487		73,231
Total segment profit	$	80,943	$	95,884	$	257,233	$	292,063

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income taxes:



	Three months ended						Nine months ended
(In thousands)	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Total segment profit	$	80,943		$	95,884		$	257,233		$	292,063
Less:
Amortization of intangible assets	15,152			21,419			50,400			45,102
Unallocated general and administrative expenses	12,998			6,490			51,640			25,580
Operating income	52,793			67,975			155,193			221,381
Interest expense	11,388			7,987			33,587			24,442
Interest income	(1,172		)	(309		)	(4,020		)	(2,613		)
Other expense (income), net	934			810			(121,329		)	4,826
Income before income tax expense	$	41,643		$	59,487		$	246,955		$	194,726

Schedule of Revenue from External Customers, by Geographical Areas

In the following tables, revenue is disaggregated by country or region for the three and nine months ended September 28, 2019 and September 29, 2018, respectively.



	Three months ended September 28, 2019											Nine months ended September 28, 2019
(In thousands)	SCEM		MC		AMH		Inter-segment			Total		SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	23,186	$	32,521	$	19,164	$	—		$	74,871	$	69,943	$	102,216	$	50,027	$	—		$	222,186
United States	40,176		31,186		36,548		(6,838		)	101,072		106,590		83,860		110,287		(20,409		)	280,328
South Korea	18,441		27,239		20,195		—			65,875		55,463		81,585		52,939		—			189,987
Japan	13,587		25,160		9,417		—			48,164		40,354		74,976		32,761		—			148,091
China	14,699		23,544		12,354		—			50,597		49,269		68,247		32,853		—			150,369
Europe	7,806		9,845		12,587		—			30,238		24,235		32,022		42,594		—			98,851
Southeast Asia	9,855		6,484		6,991		—			23,330		33,918		20,964		19,374		—			74,256
	$	127,750	$	155,979	$	117,256	$	(6,838	)	$	394,147	$	379,772	$	463,870	$	340,835	$	(20,409	)	$	1,164,068



	Three months ended September 29, 2018											Nine months ended September 29, 2018
(In thousands)	SCEM		MC		AMH		Inter-segment			Total		SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	25,436	$	34,452	$	18,745	$	—		$	78,633	$	79,653	$	80,556	$	50,942	$	—		$	211,151
United States	33,014		24,205		35,745		(7,342		)	85,622		99,543		65,794		111,089		(20,673		)	255,753
South Korea	21,088		18,893		19,858		—			59,839		62,206		58,698		66,407		—			187,311
Japan	12,141		27,479		12,049		—			51,669		40,707		82,016		35,160		—			157,883
China	18,667		27,360		12,263		—			58,290		50,373		56,417		38,793		—			145,583
Europe	7,579		10,873		16,899		—			35,351		23,345		30,963		49,859		—			104,167
Southeast Asia	13,309		8,216		7,668		—			29,193		40,486		20,894		25,627		—			87,007
	$	131,234	$	151,478	$	123,227	$	(7,342	)	$	398,597	$	396,313	$	395,338	$	377,877	$	(20,673	)	$	1,148,855

Summary of Significant Accounting Policies Additional details (Details) $ in Millions	Sep. 28, 2019 USD ($)
Accounting Policies [Abstract]
Long-term Debt, Fair Value	$ 959.1
Long-term Debt	$ 938.1

Revenues Revenues - Contract balances (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Revenues [Abstract]
Contract liabilities - current	$ 10,734	$ 15,364

Revenues Revenues - Significant changes in contract liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 28, 2019 USD ($)
Revenues [Abstract]
Revenue recognized that was included in the contract liability balance at beginning of period	$ (14,565)
Increases due to cash received, excluding amounts recognized as revenue during the period	$ 9,936

Acquisition - Anow (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
Acquisition - Anow (Details) - USD ($) $ in Thousands	Sep. 17, 2019	Sep. 28, 2019	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 266,373	$ 380,268
Deferred acquisition payments		$ 32,462	32,462	$ 0
Goodwill		659,840	659,840		$ 550,202
Anow Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Sep. 17, 2019
Business Acquisition Transaction Costs		2,000	2,300
Total Purchase Price	$ 73,014
Payments to acquire business	62,800
Payments to Acquire Businesses, Net of Cash Acquired	59,100
Fixed deferred business acquisition payment		10,200	10,200
Deferred acquisition payments		$ 3,700	$ 3,700
Trade accounts and notes receivable, net	3,455
Inventories, net	4,242
Other current assets	202
Property, Plant, and Equipment	8,863
Identifiable Intangible Assets	42,179
Other noncurrent assets	1,565
Accounts Payable and accrued liabilities	(1,814)
Deferred tax liabilities	(10,890)
Net Assets Acquired	47,802
Goodwill	$ 25,212
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	19 years
Developed Technology \| Anow Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 2,430
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Trademarks and Trade names \| Anow Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 2,598
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Customer Relationships \| Anow Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 36,449
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years
Other Intangible Assets \| Anow Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 702
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years

Acquisition Acquisition - MPD (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Jul. 15, 2019	Sep. 28, 2019	Sep. 28, 2019	Dec. 31, 2018	Sep. 29, 2018
Business Acquisition [Line Items]
Deferred acquisition payments		$ 32,462	$ 32,462		$ 0
Goodwill		659,840	659,840	$ 550,202
MPD Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Jul. 15, 2019
Business Acquisition Transaction Costs		2,900	4,000
Total Purchase Price	$ 162,381
Payments to acquire business	157,900
Fixed deferred business acquisition payment		5,000	5,000
Deferred acquisition payments		$ 4,500	$ 4,500
Trade accounts and notes receivable, net	3,575
Inventories, net	21,899
Other current assets	318
Property, Plant, and Equipment	14,571
Identifiable Intangible Assets	74,900
Right-of-use assets	3,677
Accounts Payable and accrued liabilities	(2,440)
Short-term lease liabilities	(144)
Long-term lease liability	(4,016)
Other noncurrent liabilities	(1,416)
Net Assets Acquired	110,924
Goodwill	$ 51,457
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	16 years
Developed Technology \| MPD Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 13,520
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Trademarks and Trade names \| MPD Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 680
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years
Customer Relationships \| MPD Acquisition [Member]
Business Acquisition [Line Items]
Identifiable Intangible Assets	$ 60,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	17 years

Acquisition - DSC (Details) - USD ($) $ in Thousands		9 Months Ended
Acquisition - DSC (Details) - USD ($) $ in Thousands	Mar. 08, 2019	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 266,373	$ 380,268
Deferred acquisition payments		32,462	0
Contingent consideration obligation		686	$ 0
Goodwill		659,840		$ 550,202
DSC
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Mar. 08, 2019
Business Acquisition Transaction Costs		2,100
Payments to acquire business	$ 49,900
Payments to Acquire Businesses, Net of Cash Acquired	49,400
Fixed deferred business acquisition payment		16,100
Deferred acquisition payments		14,000
Contingent consideration obligation		700
Trade accounts and notes receivable, net	1,840	1,840
Inventories, net	5,523	4,307
Other current assets	1,389	1,389
Property, Plant, and Equipment	16,791	16,654
Identifiable Intangible Assets	7,976	6,870
Right-of-use assets	79	79
Deferred tax assets	1,104	996
Other noncurrent assets	0	28
Accounts Payable and accrued liabilities	(2,461)	(2,474)
Deferred tax liabilities	(2,861)	(2,070)
Long-term lease liability	(37)	(37)
Net Assets Acquired	29,343	27,582
Goodwill	35,133	36,539
Total Purchase Price	$ 64,476	$ 64,121

Acquisition - Flex Concepts (Details) - Flex $ in Millions	Jun. 26, 2018 USD ($)
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Jun. 26, 2018
Payments to acquire business	$ 1.9

Acquisition - SPG (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	9 Months Ended		12 Months Ended
Acquisition - SPG (Details) - USD ($) $ in Thousands	Jun. 25, 2018	Sep. 28, 2019	Jun. 29, 2019	Sep. 28, 2019	Sep. 29, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				$ 266,373	$ 380,268
Goodwill		$ 659,840		659,840		$ 550,202
SPG
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Jun. 25, 2018
Payments to acquire business	$ 352,700
Payments to Acquire Businesses, Net of Cash Acquired	341,500
Business Acquisition Transaction Costs						4,800
Trade accounts and notes receivable, net			$ 19,173			19,173
Inventories, net	42,800		42,758			42,758
Other current assets			706			1,322
Property, Plant, and Equipment	6,700		6,653			6,653
Identifiable Intangible Assets			150,430			150,430
Deferred tax assets			734			831
Other noncurrent assets			12			12
Current liabilities			(26,473)			(26,473)
Deferred tax liabilities			(35,271)			(35,533)
Other noncurrent liabilities			(1,412)			(1,412)
Net Assets Acquired			157,310			157,761
Goodwill	184,200		184,180			183,729
Total Purchase Price			$ 341,490			$ 341,490
Inventory fair value step-up	$ 8,900
Amortization of Inventory Step-up		$ 0		$ 2,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years
Developed Technology \| SPG
Business Acquisition [Line Items]
Identifiable Intangible Assets			$ 20,070
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			8 years
Trademarks and Trade names \| SPG
Business Acquisition [Line Items]
Identifiable Intangible Assets			$ 6,670
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			12 years
Customer Relationships \| SPG
Business Acquisition [Line Items]
Identifiable Intangible Assets			$ 107,790
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			12 years
Other Intangible Assets \| SPG
Business Acquisition [Line Items]
Identifiable Intangible Assets			$ 15,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 months 24 days

Acquisition - PSS (Details) - USD ($) $ in Thousands	Jan. 22, 2018	Sep. 28, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 659,840	$ 550,202
PSS
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Jan. 22, 2018
Payments to acquire business	$ 37,300
Goodwill	$ 8,800

Inventories (Detail) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 94,522	$ 100,770
Work-in process	34,851	31,412
Finished goods	160,897	135,958
Total inventories, net	$ 290,270	$ 268,140

Goodwill Rollforward (Details) $ in Thousands	9 Months Ended
Goodwill Rollforward (Details) $ in Thousands	Sep. 28, 2019 USD ($)
Goodwill [Line Items]
Goodwill - Beginning	$ 550,202
Addition due to acquisitions	111,804
Purchase Accounting Adjustments	1,857
Foreign currency translation	(4,023)
Goodwill - End	659,840
Specialty Chemicals and Electronic Materials SCEM
Goodwill [Line Items]
Goodwill - Beginning	301,423
Addition due to acquisitions	86,590
Purchase Accounting Adjustments	1,406
Foreign currency translation	(3,749)
Goodwill - End	385,670
Microcontamination Control
Goodwill [Line Items]
Goodwill - Beginning	191,708
Addition due to acquisitions	25,214
Purchase Accounting Adjustments	451
Foreign currency translation	(274)
Goodwill - End	217,099
Advanced Materials Handling AMH
Goodwill [Line Items]
Goodwill - Beginning	57,071
Addition due to acquisitions	0
Purchase Accounting Adjustments	0
Foreign currency translation	0
Goodwill - End	$ 57,071

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets
Gross carrying Amount	$ 759,820	$ 638,775
Accumulated amortization	392,262	343,088
Net carrying value	367,558	295,687
Developed Technology
Finite-Lived Intangible Assets
Gross carrying Amount	268,593	248,776
Accumulated amortization	197,176	176,421
Net carrying value	71,417	72,355
Trademarks and Trade names
Finite-Lived Intangible Assets
Gross carrying Amount	28,856	25,643
Accumulated amortization	15,767	14,749
Net carrying value	13,089	10,894
Customer Relationships
Finite-Lived Intangible Assets
Gross carrying Amount	425,371	328,050
Accumulated amortization	152,937	133,068
Net carrying value	272,434	194,982
Other Intangible Assets
Finite-Lived Intangible Assets
Gross carrying Amount	37,000	36,306
Accumulated amortization	26,382	18,850
Net carrying value	$ 10,618	$ 17,456

Goodwill and Intangible Assets Goodwill and Intangible Assets - Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2019	$ 16,016
2020	50,731
2021	41,587
2022	40,997
2023	39,005
Thereafter	179,222
Total	$ 367,558	$ 295,687

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jun. 29, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 876		$ 11,427	$ 49,533	$ 34,755
Year-to-date effective tax rate				20.10%	17.80%
Legal entity restructuring dividends received deduction reversal		$ 9,400
Discrete tax benefit federal tax return	$ 5,300
Discrete tax charge Versum Termination		$ 23,500
Discrete tax benefit federal capital loss carryforwards				$ 2,900
Discrete benefit share-based compensation				$ 3,300	$ 6,100

Earnings Per Common Share - Reconciliation of Share Amount Used in Computation of Basic and Diluted Earnings Per Share (EPS) (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Weighted shares outstanding:
Basic-weighted common shares outstanding	135,092	141,556	135,256	141,613
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	1,438	1,477	1,345	1,695
Diluted-weighted common shares and common shares equivalent outstanding	136,530	143,033	136,601	143,308

Earnings per Common Share - Shares Excluded Underlying Stock Based Award from Calucations of Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Earnings Per Share [Abstract]
Shares excluded from calculations of diluted EPS	6	295	261	253

Other expense (income), net (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 28, 2019	Jun. 29, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Other Income and Expenses [Abstract]
Versum termination fee, net	$ 0		$ 0	$ (122,000)	$ 0
Loss (gain) on foreign currency remeasurement	701		695	(222)	3,637
Other, net	233		115	893	1,189
Other expense (income), net	$ 934		$ 810	$ (121,329)	$ 4,826
Versum termination fee, gross		$ (140,000)
Third-party financial adviser fees		$ 18,000

Leases - Impact of Adoption of ASU 842 (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases [Abstract]
Right-of-use assets	$ 48,684	$ 46,162	$ 0
Prepaid Rent		(646)
Short-term lease liability		(8,892)
Deferred Rent Credit, Current		274
Long-term lease liability	$ (44,375)	(42,639)	$ 0
Deferred Rent Credit, Noncurrent		5,741
Deferred tax asset		11,629
Deferred tax liability		$ (11,629)

Leases - Lease Balances (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 48,684	$ 46,162	$ 0
Short-term lease liability		8,892
Long-term lease liability	44,375	$ 42,639	$ 0
Total liability	53,150
Right-of-use assets
Lessee, Lease, Description [Line Items]
Right-of-use assets	48,684
Accrued Liabilities
Lessee, Lease, Description [Line Items]
Short-term lease liability	8,775
Long-term lease
Lessee, Lease, Description [Line Items]
Long-term lease liability	$ 44,375

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 28, 2019	Sep. 28, 2019
Leases [Abstract]
Operating lease cost	$ 3,334	$ 9,146

Leases - Other Information (Details) $ in Thousands	9 Months Ended
Leases - Other Information (Details) $ in Thousands	Sep. 28, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Lease term renewal	6 years
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 5,800
Lease termination option term	options to terminate the leases within 1 year
Operating cash flows from leases	$ 8,107
Weighted Average Remaining Lease Term (years)	8 years 9 months 10 days
Weighted Average Discount Rate	5.17%
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	14 years

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 28, 2019	Dec. 31, 2018
Leases [Abstract]
Remaining 2019	$ 3,074	$ 11,360
2020	10,679	8,906
2021	8,721	6,836
2022	6,846	5,431
2023	6,140	5,208
Thereafter	32,052	27,153
Total	67,512	$ 64,894
Less: Interest	14,362
Present value of lease liabilities	$ 53,150

Segment Reporting - Summary of Financial Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting Information [Line Items]
Net Sales	$ 394,147	$ 398,597	$ 1,164,068	$ 1,148,855
Total Segment Profit	80,943	95,884	257,233	292,063
Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	127,750	131,234	379,772	396,313
Total Segment Profit	17,074	31,210	65,505	98,859
Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	155,979	151,478	463,870	395,338
Total Segment Profit	46,792	42,448	137,241	119,973
Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	117,256	123,227	340,835	377,877
Total Segment Profit	17,077	22,226	54,487	73,231
Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	$ (6,838)	$ (7,342)	$ (20,409)	$ (20,673)

Segment Reporting - Reconciliation of Total Segment Profit to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting [Abstract]
Total Segment Profit	$ 80,943	$ 95,884	$ 257,233	$ 292,063
Amortization	15,152	21,419	50,400	45,102
Unallocated general and administrative expenses	12,998	6,490	51,640	25,580
Operating income	52,793	67,975	155,193	221,381
Interest expense	11,388	7,987	33,587	24,442
Interest income	(1,172)	(309)	(4,020)	(2,613)
Other expense (income), net	934	810	(121,329)	4,826
Income before income tax expense	$ 41,643	$ 59,487	$ 246,955	$ 194,726

Segment Reporting - Summary of Financial Information by Reportable Segment and Geography (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 28, 2019	Sep. 29, 2018	Sep. 28, 2019	Sep. 29, 2018
Segment Reporting Information [Line Items]
Net Sales	$ 394,147	$ 398,597	$ 1,164,068	$ 1,148,855
Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	127,750	131,234	379,772	396,313
Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	155,979	151,478	463,870	395,338
Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	117,256	123,227	340,835	377,877
Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	(6,838)	(7,342)	(20,409)	(20,673)
TAIWAN, PROVINCE OF CHINA
Segment Reporting Information [Line Items]
Net Sales	74,871	78,633	222,186	211,151
TAIWAN, PROVINCE OF CHINA \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	23,186	25,436	69,943	79,653
TAIWAN, PROVINCE OF CHINA \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	32,521	34,452	102,216	80,556
TAIWAN, PROVINCE OF CHINA \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	19,164	18,745	50,027	50,942
TAIWAN, PROVINCE OF CHINA \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
UNITED STATES
Segment Reporting Information [Line Items]
Net Sales	101,072	85,622	280,328	255,753
UNITED STATES \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	40,176	33,014	106,590	99,543
UNITED STATES \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	31,186	24,205	83,860	65,794
UNITED STATES \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	36,548	35,745	110,287	111,089
UNITED STATES \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	(6,838)	(7,342)	(20,409)	(20,673)
KOREA, REPUBLIC OF
Segment Reporting Information [Line Items]
Net Sales	65,875	59,839	189,987	187,311
KOREA, REPUBLIC OF \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	18,441	21,088	55,463	62,206
KOREA, REPUBLIC OF \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	27,239	18,893	81,585	58,698
KOREA, REPUBLIC OF \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	20,195	19,858	52,939	66,407
KOREA, REPUBLIC OF \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
JAPAN
Segment Reporting Information [Line Items]
Net Sales	48,164	51,669	148,091	157,883
JAPAN \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	13,587	12,141	40,354	40,707
JAPAN \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	25,160	27,479	74,976	82,016
JAPAN \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	9,417	12,049	32,761	35,160
JAPAN \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
CHINA
Segment Reporting Information [Line Items]
Net Sales	50,597	58,290	150,369	145,583
CHINA \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	14,699	18,667	49,269	50,373
CHINA \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	23,544	27,360	68,247	56,417
CHINA \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	12,354	12,263	32,853	38,793
CHINA \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Europe
Segment Reporting Information [Line Items]
Net Sales	30,238	35,351	98,851	104,167
Europe \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	7,806	7,579	24,235	23,345
Europe \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	9,845	10,873	32,022	30,963
Europe \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	12,587	16,899	42,594	49,859
Europe \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Southeast Asia
Segment Reporting Information [Line Items]
Net Sales	23,330	29,193	74,256	87,007
Southeast Asia \| Specialty Chemicals and Electronic Materials SCEM
Segment Reporting Information [Line Items]
Net Sales	9,855	13,309	33,918	40,486
Southeast Asia \| Microcontamination Control
Segment Reporting Information [Line Items]
Net Sales	6,484	8,216	20,964	20,894
Southeast Asia \| Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	6,991	7,668	19,374	25,627
Southeast Asia \| Inter-segment Eliminations
Segment Reporting Information [Line Items]
Net Sales	$ 0	$ 0	$ 0	$ 0