0001101302-20-000013 | 10-K | XBRL Viewer

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill activity for each of the Company’s reportable segments that carry goodwill, Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC) and Advanced Materials Handling (AMH), for the years ended December 31, 2019 and 2018 is shown below:



(In thousands)	SCEM			MC			AMH		Total
December 31, 2017	$	304,270		$	8,007		$	47,411	$	359,688
Addition due to acquisitions	—			183,729			9,660		193,389
Other, including foreign currency translation	(2,847		)	(28		)	—		(2,875		)
December 31, 2018	301,423			191,708			57,071		550,202
Addition due to acquisitions	98,410			47,711			—		146,121
Purchase accounting adjustments	—			451			—		451
Other, including foreign currency translation	(1,881		)	151			—		(1,730		)
December 31, 2019	$	397,952		$	240,021		$	57,071	$	695,044

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

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



2019
(In thousands)	Gross carrying Amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	272,334		204,689		67,645		7.1
Trademarks and trade names	29,106		16,326		12,780		10.1
Customer relationships	405,537		161,551		243,986		11.8
Other	36,303		26,762		9,541		4.1
	$	743,280	$	409,328	$	333,952	9.7



2018
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	248,776		176,421		72,355		7.0
Trademarks and trade names	25,643		14,749		10,894		10.5
Customer relationships	328,050		133,068		194,982		10.8
Other	36,306		18,850		17,456		4.1
	$	638,775	$	343,088	$	295,687	8.9

Amortization of Intangibles

The table below sets forth the amortization expense for the years ended December 31, 2019, 2018, and 2017:



(In thousands)	2019		2018		2017
Amortization expense	$	66,428	$	62,152	$	44,023

Estimated Future Amortization Expense



(In thousands)	2020		2021		2022		2023		2024		Thereafter		Total
Future amortization expense	$	50,930	$	44,297	$	43,569	$	42,880	$	29,976	$	122,300	$	333,952

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 351,911	$ 482,062
Trade accounts and notes receivable, net	234,409	222,055
Inventories, net	287,098	268,140
Deferred tax charges and refundable income taxes	24,552	17,393
Other current assets	34,427	39,688
Total current assets	932,397	1,029,338
Property, plant and equipment, net	479,544	419,529
Other assets:
Right-of-use assets	50,160	0
Goodwill	695,044	550,202
Intangible assets, net	333,952	295,687
Deferred tax assets and other noncurrent tax assets	11,245	10,162
Other noncurrent assets	13,744	12,723
Total assets	2,516,086	2,317,641
Current liabilities:
Long-term debt, current maturities	4,000	4,000
Accounts payable	84,207	93,055
Accrued payroll and related benefits	62,340	78,288
Other accrued liabilities	87,778	62,732
Income taxes payable	26,108	31,593
Total current liabilities	264,433	269,668
Long-term debt, excluding current maturities	932,484	934,863
Pension benefit obligations and other liabilities	37,867	31,795
Deferred tax liabilities and other noncurrent tax liabilities	71,586	69,290
Long-term lease liabilities	43,827	0
Commitments and contingent liabilities	0	0
Equity:
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding	0	0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of December 31, 2019: 134,929,768 and 134,727,368, respectively; issued and outstanding shares as of December 31, 2018: 136,179,381 and 135,976,981, respectively	1,349	1,362
Treasury stock, common, at cost: 202,400 shares held as of December 31, 2019 and December 31, 2018	(7,112)	(7,112)
Additional paid-in capital	842,784	837,658
Retained earnings	366,127	213,753
Accumulated other comprehensive loss	(37,259)	(33,636)
Total equity	1,165,889	1,012,025
Total liabilities and equity	$ 2,516,086	$ 2,317,641

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net income	$ 254,860	$ 240,755	$ 85,066
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(3,692)	(10,183)	29,294
Reclassification of cumulative translation adjustment associated with liquidated and planned sale of subsidiaries	0	0	1,702
Pension liability adjustments, net of income tax benefit of $(10), $(13), and $(26) for year ended December 31, 2019, 2018, and 2017	69	59	(232)
Other comprehensive (loss) income	(3,623)	(10,124)	30,764
Comprehensive income	$ 251,237	$ 230,631	$ 115,830

- Definition

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

+ References + Details

Acquisition Acquisitions - DSC (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 08, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition
Goodwill		$ 695,044	$ 550,202	$ 359,688
Payments to Acquire Businesses, Net of Cash Acquired		277,369	380,694	20,000
Deferred acquisition payments, net		19,848	0	0
Contingent consideration obligation		686	$ 0	$ 0
DSC Acquisition
Business Acquisition
Business Acquisition, Date of Acquisition Agreement	Mar. 08, 2019
Business Acquisition Transaction Costs		2,100
Trade accounts and notes receivable, net	$ 1,840	1,840
Inventories, net	5,523	4,307
Other current assets	1,389	1,437
Property, plant and equipment, net	16,791	16,654
Identifiable intangible assets	7,976	6,870
Right-of-use assets	79	79
Deferred tax asset	1,104	1,066
Other noncurrent assets	0	28
Accounts payables	2,461	2,861
Deferred tax liabilities	(2,861)	(1,802)
Long-term lease liability	(37)	(37)
Net Assets Acquired	29,343	27,581
Goodwill	35,133	36,540
Total Purchase Price	64,476	64,121
Payments to Acquire Businesses, Gross	49,900
Payments to Acquire Businesses, Net of Cash Acquired	49,400
Business acquisition deferred payment, gross	16,100
Interest Expense		$ 1,600
Deferred acquisition payments, net	14,000
Contingent consideration obligation	$ 700

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Versum termination fee, net	$ (122,000)	$ 0	$ 0
(Gain) loss on foreign currency remeasurement	(237)	4,391	2,288
Loss on extinguishment of debt	0	2,429	20,687
Other, net	1,156	1,182	2,483
Other (income) expense, net	121,081	$ (8,002)	$ (25,458)
Versum termination fee, gross	140,000
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions	$ 18,000

Consolidated Statements Of Equity Consolidated Statement of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.30	$ 0.28	$ 0.07

Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 50,930
2021	44,297
2022	43,569
2023	42,880
2024	29,976
Thereafter	122,300
Intangible assets, net	$ 333,952	$ 295,687

Lease - Future Minimum Lease Payments (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
2019		$ 11,360
2020	$ 12,407	8,906
2021	10,221	6,836
2022	6,909	5,431
2023	6,055	5,208
2024	5,052
Thereafter	26,904	27,153
Total	67,548	$ 64,894
Less: Interest	13,696
Present value of lease liabilities	$ 53,852

Revenues Revenues - Revenue recognized (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ (14,716)
Increases due to cash received, excluding amounts recognized as revenue during the period	$ 12,374

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at December 31, 2019 and 2018 consists of the following:



(In thousands)	2019		2018		Estimated useful lives in years
Land	$	27,184	$	21,913
Buildings and improvements	220,563		185,175		5-35
Manufacturing equipment	350,664		298,529		5-10
Canisters and cylinders	107,108		90,790		3-12
Molds	75,482		72,089		3-5
Office furniture and equipment	157,770		142,818		3-8
Construction in progress	63,197		69,437
Total property, plant and equipment	1,001,968		880,751
Less accumulated depreciation	522,424		461,222
Property, plant and equipment, net	$	479,544	$	419,529

The table below sets forth the depreciation expense for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Depreciation expense	$	74,975	$	65,116	$	58,208

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets
Gross carrying Amount	$ 743,280	$ 638,775
Accumulated amortization	409,328	343,088
Net carrying value	$ 333,952	$ 295,687
Weighted average life in years	9 years 8 months 12 days	8 years 10 months 24 days
Developed Technology
Finite-Lived Intangible Assets
Gross carrying Amount	$ 272,334	$ 248,776
Accumulated amortization	204,689	176,421
Net carrying value	$ 67,645	$ 72,355
Weighted average life in years	7 years 1 month 6 days	7 years
Trademarks and Trade names
Finite-Lived Intangible Assets
Gross carrying Amount	$ 29,106	$ 25,643
Accumulated amortization	16,326	14,749
Net carrying value	$ 12,780	$ 10,894
Weighted average life in years	10 years 1 month 6 days	10 years 6 months
Customer Relationships
Finite-Lived Intangible Assets
Gross carrying Amount	$ 405,537	$ 328,050
Accumulated amortization	161,551	133,068
Net carrying value	$ 243,986	$ 194,982
Weighted average life in years	11 years 9 months 18 days	10 years 9 months 18 days
Other
Finite-Lived Intangible Assets
Gross carrying Amount	$ 36,303	$ 36,306
Accumulated amortization	26,762	18,850
Net carrying value	$ 9,541	$ 17,456
Weighted average life in years	4 years 1 month 6 days	4 years 1 month 6 days

Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Accounts receivable	$ 87	$ 247
Inventory	6,517	4,085
Accruals not currently deductible for tax purposes	7,568	8,694
Net operating loss and credit carryforwards	22,316	15,878
Capital loss carryforward	0	2,450
Equity compensation	3,415	3,054
Asset impairments	452	452
Other, net	5,990	3,488
Gross deferred tax assets	46,345	38,348
Valuation allowance	(20,118)	(18,079)
Total deferred tax assets	26,227	20,269
Purchased intangible assets	(44,447)	(50,128)
Depreciation	(6,491)	(3,874)
Gross deferred tax liabilities	(50,938)	(54,002)
Total deferred tax liabilities	$ (24,711)	$ (33,733)

Equity - Summary of Options Outstanding (Detail) - $ / shares shares in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Number of Options outstanding	1,575								1,575
Options outstanding, Weighted average remaining life in years									4 years
Options outstanding, Weighted-average exercise price	$ 21.39								$ 21.39
Number of Options exercisable	788								788
Options exercisable, Weighted average exercise price	$ 15.75								$ 15.75
Dividends declared per share	$ 0.08	$ 0.08	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07		$ 0.07
Range One
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum										9.88
Range of exercise prices, maximum										11.71
Number of Options outstanding	71								71
Options outstanding, Weighted average remaining life in years									1 year 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 11.71								$ 11.71
Number of Options exercisable	71								71
Options exercisable, Weighted average exercise price	$ 11.71								$ 11.71
Range Two
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum										12.20
Range of exercise prices, maximum										12.20
Number of Options outstanding	416								416
Options outstanding, Weighted average remaining life in years									3 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 12.20								$ 12.20
Number of Options exercisable	292								292
Options exercisable, Weighted average exercise price	$ 12.20								$ 12.20
Range Three
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum										13.49
Range of exercise prices, maximum										13.49
Number of Options outstanding	226								226
Options outstanding, Weighted average remaining life in years									2 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 13.49								$ 13.49
Number of Options exercisable	226								226
Options exercisable, Weighted average exercise price	$ 13.49								$ 13.49
Range Four
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum										21.60
Range of exercise prices, maximum										21.60
Number of Options outstanding	287								287
Options outstanding, Weighted average remaining life in years									4 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 21.60								$ 21.60
Number of Options exercisable	129								129
Options exercisable, Weighted average exercise price	$ 21.60								$ 21.60
Range Five
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum										31.10
Range of exercise prices, maximum										$ 31.10
Number of Options outstanding	282								282
Options outstanding, Weighted average remaining life in years									5 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 31.10								$ 31.10
Number of Options exercisable	70								70
Options exercisable, Weighted average exercise price	$ 31.10								$ 31.10
Range Six
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum									33.33
Range of exercise prices, maximum									$ 33.33
Number of Options outstanding	293								293
Options outstanding, Weighted average remaining life in years									6 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 33.33								$ 33.33
Number of Options exercisable	0								0
Options exercisable, Weighted average exercise price	$ 0								$ 0

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Current, Federal	$ 35,497	$ (14,775)	$ 60,529
Current, State	2,625	1,605	808
Current, Foreign	39,075	38,723	36,700
Current, Total	77,197	25,553	98,037
Deferred (net of valuation allowance), Federal	(10,966)	(13,399)	249
Deferred (net of valuation allowance), State	(1,018)	(370)	(891)
Deferred (net of valuation allowance), Foreign	(2,024)	1,893	2,270
Deferred Income Tax Expense (Benefit)	(14,008)	(11,876)	1,628
Income tax expense	$ 63,189	$ 13,677	$ 99,665

Subsequent Event (Details) - USD ($) $ in Millions	Feb. 05, 2020	Jan. 10, 2020	Dec. 31, 2018
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount			$ 100.0
Subsequent Event [Member]
Subsequent Event [Line Items]
Business Acquisition, Effective Date of Acquisition		Jan. 10, 2020
Payments to Acquire Businesses, Gross		$ 75.0
Subsequent Event, Date	Feb. 05, 2020
Stock Repurchase Program, Authorized Amount	$ 125.0

Acquisition Acquisitions - Flex Concepts (Details) - Flex acquisition $ in Millions	Jun. 26, 2018 USD ($)
Business Acquisition
Business Acquisition, Date of Acquisition Agreement	Jun. 26, 2019
Payments to Acquire Businesses, Gross	$ 1.9

Debt - Maturity Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
2020	$ 4,000
2021	4,000
2022	4,000
2023	4,000
2024	4,000
Thereafter	926,000
Long-term Debt, Gross	$ 946,000	$ 950,000

Earning Per Share (EPS)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earning Per Share (EPS)

EARNINGS PER SHARE (EPS)

Basic EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:



(In thousands)	2019	2018	2017
Basic earnings per share—Weighted common shares outstanding	135,137	141,026	141,553
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,431	1,584	1,965
Diluted earnings per share—Weighted common shares outstanding	136,568	142,610	143,518

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 years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019	2018	2017
Shares excluded from calculations of diluted EPS	273	267	303

Segment Information (Tables)

12 Months Ended

Dec. 31, 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.



(In thousands)	2019			2018			2017
Net sales:
SCEM	$	526,519		$	530,241		$	485,470
MC	633,664			553,838			436,812
AMH	458,290			493,404			444,743
Inter-segment elimination	(27,407		)	(26,986		)	(24,493		)
Total net sales	$	1,591,066		$	1,550,497		$	1,342,532

(In thousands)	2019			2018			2017
Segment profit:
SCEM	$	98,327		$	127,080		$	109,571
MC	194,398			166,852			134,439
AMH	75,173			92,327			69,043
Total segment profit	$	367,898		$	386,259		$	313,053
(In thousands)	2019			2018			2017
Total assets:
SCEM	$	936,609		$	757,381		$	749,379
MC	786,131			680,080			251,216
AMH	372,849			359,991			278,079
Corporate	420,497			520,189			697,498
Total assets	$	2,516,086		$	2,317,641		$	1,976,172



(In thousands)	2019		2018		2017
Depreciation and amortization:
SCEM	$	75,391	$	70,329	$	66,514
MC	41,917		33,590		13,744
AMH	23,911		22,805		21,003
Corporate	184		544		970
Total depreciation and amortization	$	141,403	$	127,268	$	102,231

(In thousands)	2019		2018		2017
Capital expenditures:
SCEM	$	57,585	$	44,337	$	44,350
MC	28,549		38,331		27,178
AMH	25,212		26,545		18,378
Corporate	1,009		940		3,691
Total capital expenditures	$	112,355	$	110,153	$	93,597

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income taxes and equity in net loss of affiliate:



(In thousands)	2019			2018			2017
Total segment profit	$	367,898		$	386,259		$	313,053
Less:
Amortization of intangibles	66,428			62,152			44,023
Unallocated general and administrative expenses	62,192			31,418			27,213
Operating income	239,278			292,689			241,817
Interest expense	46,962			34,094			32,343
Interest income	(4,652		)	(3,839		)	(715		)
Other (income) expense, net	(121,081		)	8,002			25,458
Income before income tax expense	$	318,049		$	254,432		$	184,731

Summary of Total Net Sales to External Customers

In the following tables, revenue is disaggregated by country or region based on the ship to location of the customer for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019
	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	94,561	$	144,404	$	70,864	$	—		$	309,829
United States	149,570		113,551		145,150		(27,407		)	380,864
South Korea	76,447		98,568		69,352		—			244,367
Japan	57,456		104,202		43,832		—			205,490
China	67,877		98,693		48,170		—			214,740
Europe	33,147		45,454		53,622		—			132,223
Southeast Asia	47,461		28,792		27,300		—			103,553
	$	526,519	$	633,664	$	458,290	$	(27,407	)	$	1,591,066



	2018
(In thousands)	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	104,707	$	118,208	$	66,948	$	—		$	289,863
United States	133,834		95,421		144,763		(26,986		)	347,032
South Korea	82,890		74,623		84,883		—			242,396
Japan	52,731		110,997		47,027		—			210,755
China	68,365		84,652		51,368		—			204,385
Europe	32,088		40,635		65,352		—			138,075
Southeast Asia	55,626		29,302		33,063		—			117,991
	$	530,241	$	553,838	$	493,404	$	(26,986	)	$	1,550,497



(In thousands)	2017
	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	113,279	$	109,815	$	66,620	$	—		$	289,714
United States	117,602		71,421		121,809		(24,493		)	286,339
South Korea	74,773		65,677		76,418		—			216,868
Japan	41,164		89,638		38,678		—			169,480
China	64,796		45,382		38,712		—			148,890
Europe	30,472		30,479		59,530		—			120,481
Southeast Asia	43,384		24,400		42,976		—			110,760
	$	485,470	$	436,812	$	444,743	$	(24,493	)	$	1,342,532

Summary of Property, Plant and Equipment Attributed to Significant Countries

The following table summarizes property, plant and equipment, net, attributed to significant countries for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Property, plant and equipment:
United States	$	308,156	$	289,049	$	257,584
South Korea	43,540		41,698		39,562
Japan	37,851		34,276		23,648
Malaysia	34,339		31,138		19,212
Taiwan	16,264		18,804		16,073
Other	39,394		4,564		3,444
	$	479,544	$	419,529	$	359,523

Amortization Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 66,428	$ 62,152	$ 44,023

Benefit Plans

12 Months Ended

Dec. 31, 2019

Defined Benefit Plan [Abstract]

Benefit Plans

BENEFIT PLANS

401(k) Plan

The Company maintains the Entegris, Inc. 401(k) Savings and Profit Sharing Plan (the 401(k) Plan) that qualifies as a deferred salary arrangement under Section 401(k) of the Internal Revenue Code. Under the Plan, eligible employees may defer a portion of their pre-tax wages, up to the Internal Revenue Service annual contribution limit. Entegris matches employees’ contributions to a maximum match of 4% of the employee’s eligible wages. The employer matching contribution expense under the 401(k)Plan was $7.1 million, $6.1 million and $5.1 million in the fiscal years ended December 31, 2019, 2018 and 2017, respectively.

Defined Benefit Plans

The employees of the Company’s subsidiaries in Japan, Taiwan and Germany are covered in defined benefit pension plans. The Company uses a December 31 measurement date for its pension plans.

The tables below set forth the Company’s estimated funded status as of December 31, 2019 and 2018:



(In thousands)	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	7,308		$	7,682
Service cost	26			50
Interest cost	54			62
Actuarial (gain) loss	471			75
Benefits paid	(636		)	(560		)
Curtailment	(346		)	—
Other	—			11
Foreign exchange impact	69			(12		)
Benefit obligation at end of year	6,946			7,308
Change in plan assets:
Fair value of plan assets at beginning of year	835			908
Return on plan assets	35			31
Employer contributions	93			110
Benefits paid	(63		)	(185		)
Foreign exchange impact	10			(29		)
Fair value of plan assets at end of year	910			835
Funded status:
Plan assets less than benefit obligation - Net amount recognized	$	(6,036	)	$	(6,473	)

Amounts recognized in the consolidated balance sheets consist of:



(In thousands)	2019			2018
Noncurrent liability	$	(6,036	)	$	(6,473	)
Accumulated other comprehensive loss, net of taxes	791			860

Amounts recognized in accumulated other comprehensive loss, net of tax consist of:



(In thousands)	2019			2018
Net actuarial loss	$	598		$	514
Prior service cost	460			616
Gross amount recognized	1,058			1,130
Deferred income taxes	(267		)	(270		)
Net amount recognized	$	791		$	860

Information for pension plans with an accumulated benefit obligation in excess of plan assets:



(In thousands)	2019		2018
Projected benefit obligation	$	6,036	$	6,473
Accumulated benefit obligation	6,030		6,235
Fair value of plan assets	910		835

The components of the net periodic benefit cost for the years ended December 31, 2019, 2018 and 2017 were as follows:



(In thousands)	2019			2018			2017
Pension benefits:
Service cost	$	26		$	50		$	38
Interest cost	54			62			46
Expected return on plan assets	(16		)	(18		)	(11		)
Curtailments	95			—			—
Amortization of prior service cost	67			69			69
Amortization of net transition obligation	—			—			22
Amortization of plan loss	17			20			—
Net periodic pension benefit cost	$	243		$	183		$	164

The estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2020 is as follows:



(In thousands)
Prior service cost	$	36
Net actuarial loss	38
	$	74

Assumptions used in determining the benefit obligation and net periodic benefit cost for the Company’s pension plans for the years ended December 31, 2019, 2018 and 2017 are presented in the following table as weighted-averages:



	2019		2018		2017
Benefit obligations:
Discount rate	0.53	%	0.76	%	0.82	%
Rate of compensation increase	2.91	%	3.08	%	3.05	%
Net periodic benefit cost:
Discount rate	1.29	%	1.66	%	1.45	%
Rate of compensation increase	3.51	%	3.18	%	3.00	%
Expected return on plan assets	1.51	%	1.89	%	1.80	%

The plans’ expected return on assets as shown above is based on management’s expectations of long-term average rates of return to be achieved by the underlying investment portfolios. In establishing this assumption, management considers historical and expected returns for the asset classes in which the plans are invested, as well as current economic and capital market conditions. The discount rate primarily used by the Company is based on market yields at the valuation date on government bonds as well as the estimated maturity of benefit payments.

Plan Assets

At December 31, 2019, the majority of the Company’s pension plan assets are deposited in Bank of Taiwan in the form of money market funds, where the Bank of Taiwan is the assigned funding vehicle for the statutory retirement benefit. The remaining portion of the Company’s plan assets is deposited in a German insurance company’s investment fund.

The fair value measurements of the Company’s pension plan assets at December 31, 2019, by asset category are as follows:



(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	729	$	729	—	—
Germany plan assets (b)	$	181	$	181	—	—
	$	910	$	910	—	—


(a)	This category includes investments in the government of Taiwan’s pension fund. The government of Taiwan is responsible for the strategy and allocation of the investment contributions.


(b)	This category includes investments in an insurer’s balanced asset fund. The insurer is responsible for the strategy and allocation of the investment contributions. The Company selects a pre-packaged portfolio pooled investment fund that is conservative. The majority of the funds are invested broadly in German mortgage bonds, construction loans and government bonds with good credit ratings.

The fair value measurements of the Company’s pension plan assets at December 31, 2018, by asset category are as follows:



(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	669	$	669	—	—
Germany plan assets (b)	$	166	$	166	—	—
	$	835	$	835	—	—


(a)	This category includes investments in the government of Taiwan’s pension fund. The government of Taiwan is responsible for the strategy and allocation of the investment contributions.


(b)	This category includes investments in an insurer’s balanced asset fund. The insurer is responsible for the strategy and allocation of the investment contributions. The Company selects a pre-packaged portfolio pooled investment fund that is conservative. The majority of the funds are invested broadly in German mortgage bonds, construction loans and government bonds with good credit ratings.

Cash Flows

The Company expects to make the following contributions and benefit payments:



(In thousands)	Contributions		Payments
2020	$	71	$	40
2021	—		225
2022	—		113
2023	—		201
2024	—		399
Years 2025-2029	—		1,707

Acquisition Acquisitions - Anow (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 17, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition
Goodwill		$ 695,044	$ 550,202	$ 359,688
Payments to Acquire Businesses, Net of Cash Acquired		277,369	380,694	20,000
Deferred acquisition payments, net		19,848	$ 0	$ 0
Anow Acquisition
Business Acquisition
Business Acquisition, Date of Acquisition Agreement	Sep. 17, 2019
Business Acquisition Transaction Costs		2,500
Trade accounts and notes receivable, net	$ 3,455	3,455
Inventories, net	4,242	4,459
Other current assets	202	794
Property, plant and equipment, net	8,863	8,257
Identifiable intangible assets	42,179	18,949
Right-of-use assets	0	2,328
Other noncurrent assets	1,565	74
Accounts payables	1,814	5,022
Short-term lease liability	0	(88)
Long-term lease liability	0	(107)
Deferred tax liabilities	(10,890)	(4,742)
Other noncurrent liabilities	0	(3,270)
Net Assets Acquired	47,802	25,087
Goodwill	25,212	47,711
Total Purchase Price	73,014	$ 72,798
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
Payments to Acquire Businesses, Gross	73,000
Payments to Acquire Businesses, Net of Cash Acquired	69,300
Deferred acquisition payments, net	$ 3,500
Trademarks and Trade names \| Anow Acquisition
Business Acquisition
Identifiable intangible assets		$ 2,197
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		8 years
Customer Relationships \| Anow Acquisition
Business Acquisition
Identifiable intangible assets		$ 9,382
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		13 years
Developed Technology \| Anow Acquisition
Business Acquisition
Identifiable intangible assets		$ 7,370
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		6 years 6 months

Acquisition - SPG Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jun. 25, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition
Goodwill		$ 695,044	$ 550,202		$ 359,688
SPG acquisition
Business Acquisition
Trade accounts and notes receivable, net		19,173		$ 15,805
Inventories, net	$ 42,800	42,758		46,073
Other current assets		706		424
Property, plant and equipment, net	6,700	6,653		7,345
Identifiable intangible assets	150,430	150,430		178,220
Deferred tax asset		734		0
Other noncurrent assets		12		398
Current liabilities		(26,473)		(26,196)
Deferred tax liabilities		(35,271)		(42,110)
Other noncurrent liabilities		(1,412)		(1,006)
Net Assets Acquired		157,310		178,953
Goodwill	$ 184,200	184,180		162,251
Total Purchase Price		$ 341,490		$ 341,204
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Developed Technology \| SPG acquisition
Business Acquisition
Identifiable intangible assets	$ 20,070
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years
Trademarks and Trade names \| SPG acquisition
Business Acquisition
Identifiable intangible assets	$ 6,670
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Customer Relationships \| SPG acquisition
Business Acquisition
Identifiable intangible assets	$ 107,790
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Other \| SPG acquisition
Business Acquisition
Identifiable intangible assets	$ 15,900
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 months 24 days

Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan [Abstract]
Maximum matching contribution	4.00%
Employer profit sharing and matching contribution expense	$ 7.1	$ 6.1	$ 5.1

Acquisition Acquisition - PSS Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition
Goodwill	$ 695,044	$ 550,202		$ 359,688
PSS acquisition
Business Acquisition
Trade accounts and notes receivable, net	3,898		$ 3,616
Inventories, net	1,827		1,889
Other current assets	23		14
Property, plant and equipment, net	103		0
Identifiable intangible assets	25,600		20,000
Other noncurrent assets	3		21
Accounts payables	294		438
Current liabilities	(2,667)		(2,799)
Net Assets Acquired	28,493		22,303
Goodwill	8,804		15,353
Total Purchase Price	$ 37,297		$ 37,656

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Long-term Debt, Fair Value	$ 958,000
Total long-term debt	$ 936,484	$ 938,863

Property, Plant and Equipment Property, Plant and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation	$ 74,975	$ 65,116	$ 58,208

Debt Debt - Previous Senior Secured Loan Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 10, 2017	Apr. 30, 2014
Debt Instrument
Long-term Debt, Gross	$ 946,000	$ 950,000
Line of Credit Facility, Maximum Borrowing Capacity	300,000
Loss on extinguishment of debt	$ 0	2,429	$ 20,687
Senior unsecured notes due 2026
Debt Instrument
Percentage payment of Principle amount	100.00%
Long-term Debt, Gross	$ 550,000	550,000		$ 550,000
Senior secured term loan facility due 2021
Debt Instrument
Long-term Debt, Gross					$ 460,000
Revolving Credit Facility
Debt Instrument
Line of Credit Facility, Maximum Borrowing Capacity		75,000
Previous Senior Secured Loan Facilities
Debt Instrument
Loss on extinguishment of debt		$ 2,300

Fair Value Measurements of Pension Plan Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 910	$ 835	$ 908
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	910	835
TAIWAN, PROVINCE OF CHINA
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	729	669
TAIWAN, PROVINCE OF CHINA \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	729	669
GERMANY
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	181	166
GERMANY \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 181	$ 166

Other Income (Expense), Net

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER (INCOME) EXPENSE, NET

The table below sets forth the Other (income) expense, net for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019			2018		2017
Versum termination fee, net	$	(122,000	)	$	—	$	—
(Gain) loss on foreign currency remeasurement	(237		)	4,391		2,288
Loss on extinguishment of debt	—			2,429		20,687
Other, net	1,156			1,182		2,483
Other (income) expense, net	$	(121,081	)	$	8,002	$	25,458

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.

Income Taxes - Reconciliation of Income Tax Expense With Expected Amounts Based Upon Statutory Federal Tax Rates (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Expected federal income tax at statutory rate	$ 66,790	$ 53,431	$ 64,656
State income taxes before valuation allowance, net of federal tax effect	(1,563)	605	(1,376)
Effect of foreign source income	(1,362)	2,359	(27,581)
Tax contingencies	1,785	468	2,816
Valuation allowance	2,051	527	3,195
U.S. federal research credit	(6,514)	(2,263)	(4,881)
Equity compensation	(1,411)	(3,826)	(2,321)
Transition Tax Due To 2017 Tax Act	0	89	72,993
Remeasurement of Deferred Tax Assets Due To 2017 Tax Act	0	619	(10,248)
Incremental Taxes on Unremitted Foreign Earnings Release Due To 2017 Tax Act	0	0	3,968
Foreign derived intangible income	(7,851)	(4,846)	0
Legal entity restructuring foreign tax credit	0	(25,080)	0
Legal entity restructuring dividends received deduction	9,398	(9,398)	0
Other items, net	1,866	992	(1,556)
Income tax expense	$ 63,189	$ 13,677	$ 99,665

Segment information - Summary of Financial Information for Reportable Segments (Detail) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019 USD ($)	Sep. 28, 2019 USD ($)	Jun. 29, 2019 USD ($)	Mar. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 29, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Segment Reporting Information
Number of Reportable Segments									3
Total net sales	$ 426,998	$ 394,147	$ 378,874	$ 391,047	$ 401,642	$ 398,597	$ 383,059	$ 367,199	$ 1,591,066	$ 1,550,497	$ 1,342,532
Total segment profit									367,898	386,259	313,053
Total assets	2,516,086				2,317,641				2,516,086	2,317,641	1,976,172
Total depreciation and amortization									141,403	127,268	102,231
Total capital expenditures									112,355	110,153	93,597
SCEM
Segment Reporting Information
Total net sales									526,519	530,241	485,470
Total segment profit									98,327	127,080	109,571
Total assets	936,609				757,381				936,609	757,381	749,379
Total depreciation and amortization									75,391	70,329	66,514
Total capital expenditures									57,585	44,337	44,350
MC
Segment Reporting Information
Total net sales									633,664	553,838	436,812
Total segment profit									194,398	166,852	134,439
Total assets	786,131				680,080				786,131	680,080	251,216
Total depreciation and amortization									41,917	33,590	13,744
Total capital expenditures									28,549	38,331	27,178
AMH
Segment Reporting Information
Total net sales									458,290	493,404	444,743
Total segment profit									75,173	92,327	69,043
Total assets	372,849				359,991				372,849	359,991	278,079
Total depreciation and amortization									23,911	22,805	21,003
Total capital expenditures									25,212	26,545	18,378
Inter-segment elimination
Segment Reporting Information
Total net sales									(27,407)	(26,986)	(24,493)
Corporate
Segment Reporting Information
Total assets	$ 420,497				$ 520,189				420,497	520,189	697,498
Total depreciation and amortization									184	544	970
Total capital expenditures									$ 1,009	$ 940	$ 3,691

Revenues Revenues - Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities - current	$ 13,022	$ 15,364

Income Taxes - Reconciliations of Total Amount of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits at beginning of year	$ 12,295	$ 12,561
Increase in tax positions for prior years	1,786	61
Increase in tax positions from prior years	(54)	(234)
Increases in tax positions for current year	3,414	2,970
Increases in tax positions for current year	(421)	(2,577)
Lapse in statute of limitations	(826)	(486)
Gross unrecognized tax benefits at end of year	$ 16,194	$ 12,295

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 28, 2020	Dec. 31, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2015	Feb. 05, 2020
Equity [Line Items]
Dividends declared per share		$ 0.08	$ 0.08	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07		$ 0.07
Dividends, Common Stock, Cash									$ 9,900	$ 40,784	$ 39,722	$ 9,896
Common Stock, Dividends, Per Share, Declared										$ 0.30	$ 0.28	$ 0.07
Stock Repurchase Program, Authorized Amount											$ 100,000
Additional stock repurchase authorization											250,000
Stock Repurchased and Retired During Period, Value										$ 74,787	179,315	$ 28,000
Shares absorbed into plan													5,700
Term of plan, in years										10 years
Weighted average remaining contractual term option outstanding										4 years
Weighted average remaining contractual term option exercisable										3 years
Total pre-tax intrinsic value of stock options exercised										$ 3,200	$ 16,700
Total pre-tax intrinsic value based on the closing stock price		$ 50.09								$ 50.09
Intrinsic value of stock options outstanding		$ 45,200								$ 45,200
Intrinsic value of stock options exercisable		$ 27,100								$ 27,100
Share-based payment awards in the form of stock option awards										293	296	335
Contractual term of stock options (in years)										7 years
Shares available for future grants		8,200							8,800	8,200	8,700	8,800
Weighted average remaining contractual term for unvested restricted shares, in years										2 years	1 year 10 months 24 days
performance shares granted										100	200	100
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition										2 years 6 months
Maximum
Equity [Line Items]
Vesting period, in years										4 years
Unvested Stock Options
Equity [Line Items]
Total compensation cost not yet recognized		$ 3,700								$ 3,700
Performance Stock
Equity [Line Items]
Total compensation cost not yet recognized		2,600								2,600
Restricted Stock
Equity [Line Items]
Total compensation cost not yet recognized		$ 22,100								$ 22,100
Employee Stock Purchase Plan
Equity [Line Items]
Percentage of employee contribution from compensation										10.00%
Rate of discount from the fair market value										15.00%
Shares available for future grants		1,700								1,700
Shares purchase by employees										200	200	200
Weighted-average price per share paid by the employees		$ 28.67							$ 16.92	$ 28.67	$ 24.86	$ 16.92
Subsequent Event [Member]
Equity [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.08
Stock Repurchase Program, Authorized Amount														$ 125,000

Trade Accounts and Notes Receivable

12 Months Ended

Dec. 31, 2019

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Trade Accounts and Notes Receivable

TRADE ACCOUNTS AND NOTES RECEIVABLE

Trade accounts and notes receivable from customers at December 31, 2019 and 2018 consist of the following:



(In thousands)	2019		2018
Accounts receivable	$	233,274	$	218,098
Notes receivable	2,280		4,850
Total trade accounts and notes receivable	235,554		222,948
Less allowance for doubtful accounts	1,145		893
Trade accounts and notes receivable, net	$	234,409	$	222,055

Income Taxes Income Tax - Unrecognized tax benefits additional information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 12.5
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	3.9	$ 1.7
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	0.6	$ 0.8	$ 0.3
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 2.0
Domestic Tax Authority
Income Taxes [Line Items]
Year Which Prior Year's Tax Returns Are No Longer Subject to Tax Examination	Dec. 31, 2015
State and Local Jurisdiction
Income Taxes [Line Items]
Year Which Prior Year's Tax Returns Are No Longer Subject to Tax Examination	Dec. 31, 2015

Income Taxes - Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Domestic	$ 145,215	$ 61,545	$ 13,363
Foreign	172,834	192,887	171,368
Income before income tax expense	$ 318,049	$ 254,432	$ 184,731

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Income before income taxes for the years ended December 31, 2019, 2018 and 2017 was derived from the following sources:



(In thousands)	2019		2018		2017
Domestic	$	145,215	$	61,545	$	13,363
Foreign	172,834		192,887		171,368
Income before income tax expense	$	318,049	$	254,432	$	184,731

Income tax expense for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:



(In thousands)	2019			2018			2017
Current:
Federal	$	35,497		$	(14,775	)	$	60,529
State	2,625			1,605			808
Foreign	39,075			38,723			36,700
	77,197			25,553			98,037
Deferred (net of valuation allowance):
Federal	(10,966		)	(13,399		)	249
State	(1,018		)	(370		)	(891		)
Foreign	(2,024		)	1,893			2,270
	(14,008		)	(11,876		)	1,628
Income tax expense	$	63,189		$	13,677		$	99,665

Income tax expense differs from the expected amounts based upon the statutory federal tax rates for the years ended December 31, 2019, 2018 and 2017 as follows:



(In thousands)	2019			2018			2017
Expected federal income tax at statutory rate	$	66,790		$	53,431		$	64,656
State income taxes before valuation allowance, net of federal tax effect	(1,563		)	605			(1,376		)
Effect of foreign source income	(1,362		)	2,359			(27,581		)
Tax contingencies	1,785			468			2,816
Valuation allowance	2,051			527			3,195
U.S. federal research credit	(6,514		)	(2,263		)	(4,881		)
Equity compensation	(1,411		)	(3,826		)	(2,321		)
Transition tax	—			89			72,993
Remeasurement of deferred taxes	—			619			(10,248		)
Incremental taxes on unremitted foreign earnings release	—			—			3,968
Foreign derived intangible income	(7,851		)	(4,846		)	—
Legal entity restructuring foreign tax credit	—			(25,080		)	—
Legal entity restructuring dividends received deduction	9,398			(9,398		)	—
Other items, net	1,866			992			(1,556		)
Income tax expense	$	63,189		$	13,677		$	99,665

In 2012, Entegris’ Korean subsidiary made commitments to produce a certain line of products in Korea. In return for this commitment, the Company had a tax holiday on income earned on sales of these products for five years and a partial holiday for two additional years. The income tax benefits attributable to this tax holiday are $4.0 million ($0.03 per diluted share) and $7.4 million ($0.05 per diluted share) for the years ended December 31, 2018 and 2017, respectively. The tax holiday benefit ceased during the year ended December 31, 2018. The 2017 effective tax rate included an additional benefit of $4.3 million since the corporate tax rate in Korea was lower than the U.S. rate.

The Company also has made employment and spending commitments to Singapore. In return for those commitments, the Company has been granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $5.8 million ($0.04 per diluted share), $6.3 million ($0.04 per diluted share) and $4.7 million ($0.03 per diluted share) for the years ending December 31, 2019, 2018 and 2017, respectively. The 2019, 2018 and 2017 effective tax rates include additional benefits of $3.3 million, $3.6 million and $12.4 million, because the corporate tax rate in Singapore is lower than the U.S. rate.

At December 31, 2019, there were approximately $35.9 million of accumulated undistributed earnings of subsidiaries outside of the United States, all of which are considered to be indefinitely reinvested. Management estimates that no material withholding taxes would be incurred if these undistributed earnings were distributed.

The significant components of the Company’s deferred tax assets and deferred tax liabilities at December 31, 2019 and 2018 are as follows:



(In thousands)	2019			2018
Deferred tax assets attributable to:
Accounts receivable	$	87		$	247
Inventory	6,517			4,085
Accruals not currently deductible for tax purposes	7,568			8,694
Net operating loss and credit carryforwards	22,316			15,878
Capital loss carryforward	—			2,450
Equity compensation	3,415			3,054
Asset impairments	452			452
Other, net	5,990			3,488
Gross deferred tax assets	46,345			38,348
Valuation allowance	(20,118		)	(18,079		)
Total deferred tax assets	26,227			20,269
Deferred tax liabilities attributable to:
Purchased intangible assets	(44,447		)	(50,128		)
Depreciation	(6,491		)	(3,874		)
Total deferred tax liabilities	(50,938		)	(54,002		)
Net deferred tax liabilities	$	(24,711	)	$	(33,733	)

Deferred tax assets are generally required to be reduced by a valuation allowance if, based on the weight of available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

As of December 31, 2019 and 2018, the Company had a net U.S. deferred tax liability of $12.2 million and $24.5 million, respectively, which are composed of temporary differences and various tax credit carryforwards. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards and state credits will not be realized. In recognition of this risk, management has provided a valuation allowance of $10.4 million and $10.7 million as of December 31, 2019 and 2018, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2019 will be recognized as a reduction of income tax expense.

At December 31, 2019, the Company had state operating loss and credit carryforwards of approximately $10.5 million, which begin to expire in 2020 and foreign operating loss carryforwards of $29.6 million, which begin to expire in 2020.

As of December 31, 2019 and 2018, the Company had a net non-U.S. deferred tax asset of $7.7 million and $8.8 million, respectively, for which management determined based upon the available evidence a valuation allowance of $9.7 million and $7.3 million as of December 31, 2019 and 2018, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management is relying upon projections of future taxable income to utilize deferred tax assets.

Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax positions will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that fail to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The provisions also provide guidance on the accounting for and disclosure of unrecognized tax benefits, interest and penalties.

Reconciliations of the beginning and ending balances of the total amounts of gross unrecognized tax benefits for the years ended December 31, 2019 and 2018 are as follows:



(In thousands)	2019			2018
Gross unrecognized tax benefits at beginning of year	$	12,295		$	12,561
Increase in tax positions from prior years	1,786			61
Decrease in tax positions from prior years	(54		)	(234		)
Increases in tax positions for current year	3,414			2,970
Settlement of tax positions for current year	(421		)	(2,577		)
Lapse in statute of limitations	(826		)	(486		)
Gross unrecognized tax benefits at end of year	$	16,194		$	12,295

The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $12.5 million at December 31, 2019.

Penalties and interest paid or received are recorded in other income, net, in the consolidated statements of operations. As of December 31, 2019 and 2018, the Company has accrued interest and penalties related to unrecognized tax benefits of $3.9 million and $1.7 million, respectively. Expenses of $0.6 million, $0.8 million and $0.3 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017, respectively.

The Company files income tax returns in the U.S. and in various state, local and foreign jurisdictions. The statutes of limitations related to both the consolidated Federal income tax return and state returns are closed for all years up to and including 2015 and 2015, respectively. With respect to foreign jurisdictions, the statute of limitations varies from country to country, with the earliest open year for the Company’s major foreign subsidiaries being 2013.

Due to the expiration of various statutes of limitations and settlement of audits, it is reasonably possible that the Company’s gross unrecognized tax benefit balance may decrease within the next twelve months by approximately $2.0 million.

Equity - Weighted Average Assumptions Used in Valuation (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Volatility	31.60%	28.70%	26.90%
Risk-free interest rate	2.50%	2.40%	1.70%
Dividend yield	0.80%	1.00%	0.00%
Expected life (years)	4 years 1 month 6 days	3 years 10 months 24 days	4 years 1 month 6 days
Weighted average fair value per option	$ 8.89	$ 7.35	$ 5.25

Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories at December 31, 2019 and 2018 consist of the following:



(In thousands)	2019		2018
Raw materials	$	92,849	$	100,770
Work-in-process	30,856		31,412
Finished goods ^(a)	163,393		135,958
Inventories, net	$	287,098	$	268,140

^(a)Includes consignment inventories held by customers for $13.6 million and $12.5 million at December 31, 2019 and 2018, respectively.

Lease Commitments Leases - Components of Lease Expense (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 12,538

Segment Information - Summary of Total Net Sales to External Customers (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Dec. 31, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information
Net sales	$ 426,998	$ 394,147	$ 378,874	$ 391,047	$ 401,642	$ 398,597	$ 383,059	$ 367,199	$ 1,591,066	$ 1,550,497	$ 1,342,532
TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Net sales									309,829	289,863	289,714
UNITED STATES
Segment Reporting Information
Net sales									380,864	347,032	286,339
SOUTH KOREA
Segment Reporting Information
Net sales									244,367	242,396	216,868
JAPAN
Segment Reporting Information
Net sales									205,490	210,755	169,480
CHINA
Segment Reporting Information
Net sales									214,740	204,385	148,890
EUROPE
Segment Reporting Information
Net sales									132,223	138,075	120,481
SOUTHEAST ASIA
Segment Reporting Information
Net sales									103,553	117,991	110,760
SCEM
Segment Reporting Information
Net sales									526,519	530,241	485,470
SCEM \| TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Net sales									94,561	104,707	113,279
SCEM \| UNITED STATES
Segment Reporting Information
Net sales									149,570	133,834	117,602
SCEM \| SOUTH KOREA
Segment Reporting Information
Net sales									76,447	82,890	74,773
SCEM \| JAPAN
Segment Reporting Information
Net sales									57,456	52,731	41,164
SCEM \| CHINA
Segment Reporting Information
Net sales									67,877	68,365	64,796
SCEM \| EUROPE
Segment Reporting Information
Net sales									33,147	32,088	30,472
SCEM \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									47,461	55,626	43,384
MC
Segment Reporting Information
Net sales									633,664	553,838	436,812
MC \| TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Net sales									144,404	118,208	109,815
MC \| UNITED STATES
Segment Reporting Information
Net sales									113,551	95,421	71,421
MC \| SOUTH KOREA
Segment Reporting Information
Net sales									98,568	74,623	65,677
MC \| JAPAN
Segment Reporting Information
Net sales									104,202	110,997	89,638
MC \| CHINA
Segment Reporting Information
Net sales									98,693	84,652	45,382
MC \| EUROPE
Segment Reporting Information
Net sales									45,454	40,635	30,479
MC \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									28,792	29,302	24,400
AMH
Segment Reporting Information
Net sales									458,290	493,404	444,743
AMH \| TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Net sales									70,864	66,948	66,620
AMH \| UNITED STATES
Segment Reporting Information
Net sales									145,150	144,763	121,809
AMH \| SOUTH KOREA
Segment Reporting Information
Net sales									69,352	84,883	76,418
AMH \| JAPAN
Segment Reporting Information
Net sales									43,832	47,027	38,678
AMH \| CHINA
Segment Reporting Information
Net sales									48,170	51,368	38,712
AMH \| EUROPE
Segment Reporting Information
Net sales									53,622	65,352	59,530
AMH \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									27,300	33,063	42,976
Inter-segment elimination
Segment Reporting Information
Net sales									(27,407)	(26,986)	(24,493)
Inter-segment elimination \| TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Net sales									0	0	0
Inter-segment elimination \| UNITED STATES
Segment Reporting Information
Net sales									(27,407)	(26,986)	(24,493)
Inter-segment elimination \| SOUTH KOREA
Segment Reporting Information
Net sales									0	0	0
Inter-segment elimination \| JAPAN
Segment Reporting Information
Net sales									0	0	0
Inter-segment elimination \| CHINA
Segment Reporting Information
Net sales									0	0	0
Inter-segment elimination \| EUROPE
Segment Reporting Information
Net sales									0	0	0
Inter-segment elimination \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									$ 0	$ 0	$ 0

Acquisition Acquisition - SPG Purchase Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 25, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Business Acquisition
Goodwill		$ 695,044	$ 550,202	$ 359,688
Payments to Acquire Businesses, Net of Cash Acquired		277,369	380,694	$ 20,000
SPG acquisition
Business Acquisition
Goodwill	$ 184,200	184,180			$ 162,251
Inventories, net	$ 42,800	42,758			46,073
Business Acquisition, Date of Acquisition Agreement	Jun. 25, 2018
Payments to Acquire Businesses, Gross	$ 352,700
Payments to Acquire Businesses, Net of Cash Acquired	341,500
Business Acquisition Transaction Costs		4,800
Inventory fair value step-up	8,900
Amortization of Inventory Step-up		2,000	$ 6,900
Property, plant and equipment, net	6,700	$ 6,653			$ 7,345
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 0

Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2019

Asset Retirement Obligation [Abstract]

Schedule of Asset Retirement Obligations

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2019 and 2018 are shown below:



(In thousands)	2019			2018
Balance at beginning of year	$	12,543		$	12,167
Liabilities assumed in acquisitions	1,416			—
Liabilities settled	(102		)	(758		)
Liabilities incurred	546			884
Accretion expense	75			510
Revision of estimate	(538		)	(260		)
Balance at end of year	$	13,940		$	12,543

Assumptions Used in Determining Benefit Obligation and Net Periodic Benefit Cost for Pension Plans (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan [Abstract]
Benefit obligations, Discount rate	0.53%	0.76%	0.82%
Benefit obligations, Rate of compensation increase	2.91%	3.08%	3.05%
Net periodic benefit cost, Discount rate	1.29%	1.66%	1.45%
Net periodic benefit cost, Rate of compensation increase	3.51%	3.18%	3.00%
Net periodic benefit cost, Expected return on plan assets	1.51%	1.89%	1.80%

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment at December 31, 2019 and 2018 consists of the following:



(In thousands)	2019		2018		Estimated useful lives in years
Land	$	27,184	$	21,913
Buildings and improvements	220,563		185,175		5-35
Manufacturing equipment	350,664		298,529		5-10
Canisters and cylinders	107,108		90,790		3-12
Molds	75,482		72,089		3-5
Office furniture and equipment	157,770		142,818		3-8
Construction in progress	63,197		69,437
Total property, plant and equipment	1,001,968		880,751
Less accumulated depreciation	522,424		461,222
Property, plant and equipment, net	$	479,544	$	419,529

Depreciation Expense

The table below sets forth the depreciation expense for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Depreciation expense	$	74,975	$	65,116	$	58,208

Expected Contribution and Benefit Payments (Detail) $ in Thousands	Dec. 31, 2019 USD ($)
Defined Benefit Plan [Abstract]
Contribution in year 2020	$ 71
Payments in year 2020	40
Payments in year 2021	225
Payments in year 2022	113
Payments in year 2023	201
Payments in year 2024	399
Payments in years 2025-2029	$ 1,707

Income Taxes - Korean and Singapore subsidiary commitments (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Undistributed Earnings of Foreign Subsidiaries	$ 35.9
Korea Tax Authority [Member]
Income Tax [Line Items]
Income tax benefit estimate attributable to the tax status of subsidiary		$ 4.0	$ 7.4
Income tax expense benefit per diluted share		$ 0.03	$ 0.05
additional effective tax rate benefit		$ 4.3
Inland Revenue, Singapore (IRAS) [Member]
Income Tax [Line Items]
Income tax benefit estimate attributable to the tax status of subsidiary	$ 5.8	$ 6.3	$ 4.7
Income tax expense benefit per diluted share	$ 0.04	$ 0.04	$ 0.03
additional effective tax rate benefit	$ 3.3	$ 3.6	$ 12.4

Estimated Amount Amortized from Accumulated Other Comprehensive Income Into Net Periodic Benefit Cost (Detail) $ in Thousands	Dec. 31, 2019 USD ($)
Defined Benefit Plan [Abstract]
Prior service cost	$ 36
Net actuarial loss	38
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year, Total	$ 74

Pension Plans Accumulated Benefit Obligation in Excess of Plan Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan [Abstract]
Projected benefit obligation	$ 6,036	$ 6,473
Accumulated benefit obligation	6,030	6,235
Fair value of plan assets	$ 910	$ 835

Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Summary of Option Activity

Stock option activity for the 2010 Stock Plan for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:



	2019				2018				2017
(Shares in thousands)	Number of shares		Weighted average exercise price		Number of shares		Weighted average exercise price		Number of shares		Weighted average exercise price
Options outstanding, beginning of year	1,410		$	18.22	1,869		$	13.46	1,907		$	11.54
Granted	293		33.33		296		31.10		335		21.60
Exercised	(128	)	13.89		(727	)	10.89		(359	)	10.89
Expired or forfeited	—		—		(28	)	26.41		(14	)	12.78
Options outstanding, end of year	1,575		$	21.39	1,410		$	18.22	1,869		$	13.46
Options exercisable, end of year	788		$	15.75	562		$	13.68	872		$	11.11

Summary of Options Outstanding

Options outstanding for the Company’s stock plans at December 31, 2019 are summarized as follows:



(Shares in thousands)	Options outstanding				Options exercisable
Range of exercise prices	Number outstanding	Weighted average remaining life in years	Weighted- average exercise price		Number exercisable	Weighted average exercise price
$9.88 to $11.71	71	1.1 years	$	11.71	71	$	11.71
$12.20 to $12.20	416	3.1 years	12.20		292	12.20
$13.49 to $13.49	226	2.1 years	13.49		226	13.49
$21.60 to $21.60	287	4.1 years	21.60		129	21.60
$31.10 to $31.10	282	5.1 years	31.10		70	31.10
$33.33 to $33.33	293	6.1 years	33.33		—	—
	1,575	4.0 years	$	21.39	788	$	15.75

Weighted Average Assumptions Used In Valuation And Resulting Weighted Average Fair Value Per Option Granted

The fair value of each stock option grant was estimated at the date of grant using a Black-Scholes option pricing model. The following table presents the weighted-average assumptions used in the valuation and the resulting weighted-average fair value per option granted for the years ended December 31, 2019, 2018 and 2017:



Employee stock options:	2019			2018			2017
Volatility	31.6		%	28.7		%	26.9		%
Risk-free interest rate	2.5		%	2.4		%	1.7		%
Dividend yield	0.8		%	1		%	—		%
Expected life (years)	4.1			3.9			4.1
Weighted average fair value per option	$	8.89		$	7.35		$	5.25

Summary of Restricted Stock Activity

Restricted stock units are awards of common stock made under the 2010 Stock Plan that are subject to a risk of forfeiture if the awardee terminates employment with the Company prior to the lapse of the restrictions. The value of such restricted stock units is determined using the market price on the grant date. Compensation expense for restricted stock units is generally recognized using the straight-line single-option method. A summary of the Company’s restricted stock unit activity for the years ended December 31, 2019, 2018 and 2017 is presented in the following table:



	2019				2018				2017
(Shares in thousands)	Number of shares		Weighted average grant date fair value		Number of shares		Weighted average grant date fair value		Number of shares		Weighted average grant date fair value
Unvested, beginning of year	1,519		$	21.24	1,857		$	15.86	2,164		$	12.49
Granted	514		34.05		509		31.40		659		22.14
Vested	(679	)	18.89		(732	)	15.07		(801	)	12.22
Forfeited	(100	)	24.82		(115	)	18.58		(165	)	14.48
Unvested, end of year	1,254		27.48		1,519		21.24		1,857		15.86

Summary of Allocation of Share Based Compensation Expense

The following table summarizes the allocation of share-based compensation expense related to employee stock options, restricted stock awards, performance-based restricted stock awards and grants under the employee stock purchase plan for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Cost of sales	$	1,180	$	1,009	$	1,031
Engineering, research and development expenses	1,901		1,689		1,457
Selling, general and administrative expenses	16,548		14,414		12,818
Share-based compensation expense	19,629		17,112		15,306
Tax benefit	3,626		3,421		4,978
Share-based compensation expense, net of tax	$	16,003	$	13,691	$	10,328

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2019	Feb. 03, 2020	Jun. 29, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Entity File Number	001-32598
Document Transition Report	false
Entity Registrant Name	Entegris, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1941551
Entity Address, Address Line One	129 Concord Road
Entity Address, City or Town	Billerica
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01821
City Area Code	978
Local Phone Number	436-6500
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	ENTG
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
Entity Public Float			$ 5,003,128,875
Entity Common Stock, Shares Outstanding		134,627,369
Amendment Flag	false
Entity Central Index Key	0001101302
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Anow Acquisition

Business Acquisition

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 and adjusted as of December 31, 2019.



(In thousands):	As of September 17, 2019			As of December 31, 2019
Trade accounts and note receivable, net	$	3,455		$	3,455
Inventories, net	4,242			4,459
Other current assets	202			794
Property, plant and equipment	8,863			8,257
Identifiable intangible assets	42,179			18,949
Right-of-use assets	—			2,328
Other noncurrent assets	1,565			74
Accounts payable and accrued liabilities	(1,814		)	(5,022		)
Short-term lease liability	—			(88		)
Long-term lease liability	—			(107		)
Deferred tax liabilities	(10,890		)	(4,742		)
Other noncurrent liabilities	—			(3,270		)
Net assets acquired	47,802			25,087
Goodwill	25,212			47,711
Total purchase price, net of cash acquired	$	73,014		$	72,798

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

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	$	7,370	6.5
Trademarks and trade names	2,197		8.0
Customer relationships	9,382		13.0
	$	18,949	10.0

MPD Acquisition

Business Acquisition

Schedule of Business Acquisitions, by Acquisition



(In thousands):	As of July 15, 2019			As of December 31, 2019
Trade accounts and note receivable, net	$	3,575		$	3,575
Inventories, net	21,899			8,689
Other current assets	318			313
Property, plant and equipment	14,571			11,465
Identifiable intangible assets	74,900			79,390
Right-of-use assets	3,677			3,621
Accounts payable and accrued liabilities	(2,440		)	(2,419		)
Short-term lease liability	(144		)	(88		)
Long-term lease liability	(4,016		)	(4,016		)
Other noncurrent liabilities	(1,416		)	(1,416		)
Net assets acquired	110,924			99,114
Goodwill	51,457			61,870
Total purchase price, net of cash acquired	$	162,381		$	160,984

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

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	$	12,750	11.0
Trademarks and trade names	620		2.0
Customer relationships	66,020		17.0
	$	79,390	16.0

DSC Acquisition

Business Acquisition

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the 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 December 31, 2019:



(In thousands):	As of March 8, 2019			December 31, 2019
Trade accounts and note receivable, net	$	1,840		$	1,840
Inventories, net	5,523			4,307
Other current assets	1,389			1,437
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			1,066
Other noncurrent assets	—			28
Accounts payable and accrued liabilities	(2,461		)	(2,861		)
Deferred tax liabilities	(2,861		)	(1,802		)
Long-term lease liability	(37		)	(37		)
Net assets acquired	29,343			27,581
Goodwill	35,133			36,540
Total purchase price, net of cash acquired	$	64,476		$	64,121

SPG acquisition

Business Acquisition

Schedule of Business Acquisitions, by Acquisition



(In thousands):	As of June 30, 2018			As of December 31, 2019
Trade accounts and notes receivable, net	$	15,805		$	19,173
Inventories, net	46,073			42,758
Other current assets	424			706
Property, plant and equipment, net	7,345			6,653
Identifiable intangible assets	178,220			150,430
Deferred tax asset	—			734
Other noncurrent assets	398			12
Current liabilities	(26,196		)	(26,473		)
Deferred tax liabilities	(42,110		)	(35,271		)
Other noncurrent liabilities	(1,006		)	(1,412		)
Net assets acquired	178,953			157,310
Goodwill	162,251			184,180
Total purchase price, net of cash acquired	$	341,204		$	341,490

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

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

PSS acquisition

Business Acquisition

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the final allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of acquisition and adjusted as of December 31, 2018.



(In thousands):	As of March 31, 2018			As of December 31, 2018
Trade accounts and notes receivable, net	$	3,616		$	3,898
Inventories, net	1,889			1,827
Other current assets	14			23
Property, plant and equipment, net	—			103
Identifiable intangible assets	20,000			25,600
Other noncurrent assets	21			3
Accounts payables	(438		)	(294		)
Other accrued liabilities	(2,799		)	(2,667		)
Net assets acquired	22,303			28,493
Goodwill	15,353			8,804
Total purchase price	$	37,656		$	37,297

Asset Retirement Obligations

12 Months Ended

Dec. 31, 2019

Asset Retirement Obligation [Abstract]

Asset Retirement Obligations

ASSET RETIREMENT OBLIGATIONS

The Company has asset retirement obligations (AROs) related to environmental disposal obligations associated with cylinders used to supply customers with gas products, and certain restoration obligations associated with its leased facilities.

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2019 and 2018 are shown below:



(In thousands)	2019			2018
Balance at beginning of year	$	12,543		$	12,167
Liabilities assumed in acquisitions	1,416			—
Liabilities settled	(102		)	(758		)
Liabilities incurred	546			884
Accretion expense	75			510
Revision of estimate	(538		)	(260		)
Balance at end of year	$	13,940		$	12,543

ARO liabilities expected to be settled within twelve months are included in the consolidated balance sheets in other accrued liabilities, while all other ARO liabilities are included in pension benefit obligations and other liabilities in the consolidated balance sheets.

Lease Commitments Leases - Other Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Lease renewal options	6 years
Lease terminate option	options to terminate the leases within 1 year
Right-of-Use Asset obtained	$ 9,100
Operating cash flows from leases	$ 11,137
Weighted average remaining lease term (years)	8 years 4 months 9 days
Weighted average discount rate	4.93%
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	14 years

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan [Abstract]
Service cost	$ 26	$ 50	$ 38
Interest cost	54	62	46
Expected return on plan assets	(16)	(18)	(11)
Curtailments	95	0	0
Amortization of prior service cost	67	69	69
Amortization of net transition obligation	0	0	22
Amortization of plan loss	17	20	0
Net periodic pension benefit cost	$ 243	$ 183	$ 164

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
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	134,929,768	136,179,381
Common stock, shares outstanding	134,727,368	135,976,981
Treasury Stock, Shares	202,400	202,400

Consolidated Statements Of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Treasury Stock, Common	Additional paid-in capital	Retained earnings (deficit)	Foreign currency translation adjustments	Defined benefit pension adjustments
Balance	$ 899,218	$ 1,413	$ 0	$ 859,778	$ 92,303	$ (53,589)	$ (687)
Balance (in shares) at Dec. 31, 2016		141,320
Shares issued under stock plans (in shares)		1,040
Shares issued under stock plans	(321)	$ 11	0	(332)	0	0	0
Share-based compensation expense	15,306	$ 0	0	15,306	0	0	0
Repurchase and retirement of common stock (in shares)		(1,077)
Repurchase and retirement of common stock	(28,000)	$ (11)	0	(6,565)	(21,424)
Dividends, Common Stock, Cash	(9,896)	0	0	0	(9,896)	0	0
Pension liability adjustment	(232)	0	0	0	0	0	(232)
Foreign currency translation	29,294	0	0	0	0	29,294	0
Reclassification of cumulative translation adjustment associated with liquidated and planned sale of subsidiaries	1,702	0	0	0	0	1,702	0
Net income	85,066	$ 0	0	0	85,066	0	0
Balance (in shares) at Dec. 31, 2017		141,283
Balance	993,018	$ 1,413	0	867,699	147,418	(22,593)	(919)
Cumulative Effect of New Accounting Principle in Period of Adoption	881	$ 0	0	(488)	1,369	0	0
Shares issued under stock plans (in shares)		1,120
Shares issued under stock plans	(9,109)	$ 11	0	(9,120)	0	0	0
Share-based compensation expense	17,112	$ 0	$ 0	17,112	0	0	0
Repurchase and retirement of common stock (in shares)		(6,224)	202
Repurchase and retirement of common stock	(179,315)	$ (62)	$ (7,112)	(38,066)	(134,075)
Dividends, Common Stock, Cash	(39,722)	0	0	33	(39,755)	0	0
Pension liability adjustment	59	0	0	0	0	0	59
Foreign currency translation	(10,183)	0	0	0	0	(10,183)	0
Reclassification of cumulative translation adjustment associated with liquidated and planned sale of subsidiaries	0
Net income	240,755	$ 0	$ 0	0	240,755	0	0
Balance (in shares) at Dec. 31, 2018		136,179	202
Balance	1,012,025	$ 1,362	$ (7,112)	837,658	213,753	(32,776)	(860)
Cumulative Effect of New Accounting Principle in Period of Adoption	(590)	$ 0	0	0	(590)	0	0
Shares issued under stock plans (in shares)		877
Shares issued under stock plans	(1,431)	$ 9	0	(1,440)	0	0	0
Share-based compensation expense	19,629	$ 0	$ 0	19,629	0	0	0
Repurchase and retirement of common stock (in shares)		(2,126)	0
Repurchase and retirement of common stock	(74,787)	$ (22)	$ 0	(13,084)	(61,681)
Dividends, Common Stock, Cash	(40,784)	0	0	21	(40,805)	0	0
Pension liability adjustment	69	0	0	0	0	0	69
Foreign currency translation	(3,692)	0	0	0	0	(3,692)	0
Reclassification of cumulative translation adjustment associated with liquidated and planned sale of subsidiaries	0
Net income	254,860	$ 0	$ 0	0	254,860	0	0
Balance (in shares) at Dec. 31, 2019		134,930	202
Balance	$ 1,165,889	$ 1,349	$ (7,112)	$ 842,784	$ 366,127	$ (36,468)	$ (791)

Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The details of the impact of the changes made to the Company’s 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, Cost

Expense for leases less than 12 months for the year ended December 31, 2019 were not material. The components of lease expense for the year ended December 31, 2019 are as follows:



(In thousands)	December 31, 2019
Operating lease cost	$	12,538

Lessee, Operating Leases

As of December 31, 2019, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet as follows:



(In thousands)	Classification	December 31, 2019
Assets
Right-of-use assets	Right-of-use assets	$	50,160
Liabilities
Short-term lease liability	Other accrued liabilities	10,025
Long-term lease liability	Long-term lease liability	43,827
Total lease liabilities		$	53,852

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)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	11,137
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.36
Weighted average discount rate	4.93		%

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments for noncancellable operating leases as of December 31, 2019, were as follows:



(In thousands)	Operating Leases
2020	$	12,407
2021	10,221
2022	6,909
2023	6,055
2024	5,052
Thereafter	26,904
Total	$	67,548
Less: Interest	13,696
Present value of lease liabilities	$	53,852

Future Minimum Lease Payments

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 Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

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 a 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 offers 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 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.

Corporate assets consist primarily of cash and cash equivalents, deferred tax assets and deferred tax charges.

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



(In thousands)	2019			2018			2017
Net sales:
SCEM	$	526,519		$	530,241		$	485,470
MC	633,664			553,838			436,812
AMH	458,290			493,404			444,743
Inter-segment elimination	(27,407		)	(26,986		)	(24,493		)
Total net sales	$	1,591,066		$	1,550,497		$	1,342,532

(In thousands)	2019			2018			2017
Segment profit:
SCEM	$	98,327		$	127,080		$	109,571
MC	194,398			166,852			134,439
AMH	75,173			92,327			69,043
Total segment profit	$	367,898		$	386,259		$	313,053
(In thousands)	2019			2018			2017
Total assets:
SCEM	$	936,609		$	757,381		$	749,379
MC	786,131			680,080			251,216
AMH	372,849			359,991			278,079
Corporate	420,497			520,189			697,498
Total assets	$	2,516,086		$	2,317,641		$	1,976,172



(In thousands)	2019		2018		2017
Depreciation and amortization:
SCEM	$	75,391	$	70,329	$	66,514
MC	41,917		33,590		13,744
AMH	23,911		22,805		21,003
Corporate	184		544		970
Total depreciation and amortization	$	141,403	$	127,268	$	102,231

(In thousands)	2019		2018		2017
Capital expenditures:
SCEM	$	57,585	$	44,337	$	44,350
MC	28,549		38,331		27,178
AMH	25,212		26,545		18,378
Corporate	1,009		940		3,691
Total capital expenditures	$	112,355	$	110,153	$	93,597

The following table reconciles total segment profit to income before income taxes and equity in net loss of affiliate:



(In thousands)	2019			2018			2017
Total segment profit	$	367,898		$	386,259		$	313,053
Less:
Amortization of intangibles	66,428			62,152			44,023
Unallocated general and administrative expenses	62,192			31,418			27,213
Operating income	239,278			292,689			241,817
Interest expense	46,962			34,094			32,343
Interest income	(4,652		)	(3,839		)	(715		)
Other (income) expense, net	(121,081		)	8,002			25,458
Income before income tax expense	$	318,049		$	254,432		$	184,731

In the following tables, revenue is disaggregated by country or region based on the ship to location of the customer for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019
	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	94,561	$	144,404	$	70,864	$	—		$	309,829
United States	149,570		113,551		145,150		(27,407		)	380,864
South Korea	76,447		98,568		69,352		—			244,367
Japan	57,456		104,202		43,832		—			205,490
China	67,877		98,693		48,170		—			214,740
Europe	33,147		45,454		53,622		—			132,223
Southeast Asia	47,461		28,792		27,300		—			103,553
	$	526,519	$	633,664	$	458,290	$	(27,407	)	$	1,591,066



	2018
(In thousands)	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	104,707	$	118,208	$	66,948	$	—		$	289,863
United States	133,834		95,421		144,763		(26,986		)	347,032
South Korea	82,890		74,623		84,883		—			242,396
Japan	52,731		110,997		47,027		—			210,755
China	68,365		84,652		51,368		—			204,385
Europe	32,088		40,635		65,352		—			138,075
Southeast Asia	55,626		29,302		33,063		—			117,991
	$	530,241	$	553,838	$	493,404	$	(26,986	)	$	1,550,497



(In thousands)	2017
	SCEM		MC		AMH		Inter-segment			Total
Taiwan	$	113,279	$	109,815	$	66,620	$	—		$	289,714
United States	117,602		71,421		121,809		(24,493		)	286,339
South Korea	74,773		65,677		76,418		—			216,868
Japan	41,164		89,638		38,678		—			169,480
China	64,796		45,382		38,712		—			148,890
Europe	30,472		30,479		59,530		—			120,481
Southeast Asia	43,384		24,400		42,976		—			110,760
	$	485,470	$	436,812	$	444,743	$	(24,493	)	$	1,342,532

The following table summarizes property, plant and equipment, net, attributed to significant countries for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Property, plant and equipment:
United States	$	308,156	$	289,049	$	257,584
South Korea	43,540		41,698		39,562
Japan	37,851		34,276		23,648
Malaysia	34,339		31,138		19,212
Taiwan	16,264		18,804		16,073
Other	39,394		4,564		3,444
	$	479,544	$	419,529	$	359,523

In the years ended December 31, 2019, 2018 and 2017, Taiwan Semiconductor Manufacturing Company Limited accounted for $187.0 million, $153.9 million and $167.9 million of net sales, respectively, all of which include sales from all of the Company’s segments. In addition, in the years ended December 31, 2019, 2018 and 2017, Samsung Electronics Co. accounted for $128.0 million, $164.3 million and $140.6 million of net sales, respectively, which include sales from all of the Company’s segments.

Inventories (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories at December 31, 2019 and 2018 consist of the following:



(In thousands)	2019		2018
Raw materials	$	92,849	$	100,770
Work-in-process	30,856		31,412
Finished goods ^(a)	163,393		135,958
Inventories, net	$	287,098	$	268,140

^(a)Includes consignment inventories held by customers for $13.6 million and $12.5 million at December 31, 2019 and 2018, respectively.

Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt

DEBT

Long-term debt at December 31, 2019 and 2018 consists of the following:



(In thousands)	December 31, 2019		December 31, 2018
Senior secured term loan facility due 2025	396,000		400,000
Senior unsecured notes due 2026	550,000		550,000
	946,000		950,000
Unamortized discount and debt issuance costs	9,516		11,137
Total long-term debt	936,484		938,863
Less current maturities of long-term debt	4,000		4,000
Long-term debt less current maturities	$	932,484	$	934,863

Annual maturities of long-term debt, excluding unamortized discount and issuance costs, due as of December 31, 2019 are as follows:



(In thousands)	2020		2021	2022	2023	2024	Thereafter	Total
Contractual debt obligation maturities*	$	4,000	4,000	4,000	4,000	4,000	926,000	$	946,000

*Subject to Excess Cash Flow payments to the lenders, see discussion below.

In November 2018, the Company entered into the New Term Loan Facility and the New Revolving Facility described below. The Company used the net proceeds of the term loans under the New Term Loan Facility to repay and terminate the Previous Credit Facilities, described below, to pay fees and expenses related to the issuance and the repayment, and for general corporate purposes.

In October 2019, the Company amended its credit and guaranty agreement (the “Credit Agreement”) dated as of November 6, 2018. The amendment changed the agency bank from Goldman Sachs Bank USA, as administrative agent and collateral agent, to Morgan Stanley, and adds two additional lenders to the Company’s Credit Agreement. There was no change to the total commitment or the term length for either the New Term Loan Facility or the New Revolving Facility as defined below under Senior Secured Credit Facilities. However, the amendment changed the amount committed for each of the previous lenders.

Debt issuance costs of $5.1 million for the year ended December 31, 2018 were paid to third parties are capitalized as debt issuance costs in connection with the New Credit Facilities. These debt issuance costs are being amortized as interest expense in the Company’s consolidated statements of operations over the term of the debt instrument using the straight-line method. The term loans under the Previous Term Loan Facility were repaid without premium or penalty at 100% of the outstanding principal amount, plus accrued and unpaid interest.

2026 Senior Unsecured Notes

On November 10, 2017, the Company issued $550 million aggregate principal amount of 4.625% senior unsecured notes due February 10, 2026 (“the 2026 Notes”). The 2026 Notes were issued under an indenture dated as of November 10, 2017 (the “2026 Notes Indenture”) by and among the Company and Wells Fargo Bank, National Association, as trustee. Interest on the 2026 Notes is payable semi-annually in arrears on February 15 and August 15, which commenced on February 15, 2018.

The 2026 Notes are guaranteed, jointly and severally, fully and unconditionally, on a senior unsecured basis, by, subject to certain exclusions, each of the Company’s domestic subsidiaries that guarantee indebtedness under the New Credit Facilities.

As provided in the 2026 Notes Indenture, the Company may at its option on one or more occasions redeem all or a part of the 2026 Notes at a redemption price equal to (a) 100% of the principal amount of the 2026 Notes redeemed plus a make-whole premium if redeemed prior to November 10, 2020, or (b) 100% of the principal amount of the 2026 Notes redeemed plus a percentage of principal amount between 100% and 103.469% of the aggregate principal amount of the 2026 Notes to be redeemed, depending on the period of redemption, if redeemed on or after November 10, 2020, plus, in each case, accrued and unpaid interest on the amount of 2026 Notes being redeemed.

Upon a change in control accompanied by certain rating events, the Company is required to offer to repurchase all of the 2026 Notes at a price in cash equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase.

The 2026 Notes Indenture contains covenants that, among other things and subject to certain exceptions, limit the Company’s ability and the ability of the Company’s restricted subsidiaries to create liens, enter into sale and leaseback transactions, engage in consolidations or mergers, or sell, transfer or otherwise dispose of all or substantially all of their assets. The 2026 Notes

Indenture also, subject to certain exceptions, limits the ability of any subsidiary of the Company that is not a guarantor under the 2026 Notes to incur indebtedness. The Company is in compliance with all of the above covenants at December 31, 2019.

The 2026 Notes Indenture also provides for events of default which, if certain of them occur, would permit the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding 2026 Notes to declare the principal, premium, if any, interest and any other monetary obligations on all the then-outstanding 2026 Notes to be due and payable immediately.

Senior Secured Credit Facilities

On November 6, 2018, the Company entered into a credit and guaranty agreement (the “Credit Agreement”) with Goldman Sachs Bank USA, subsequently amended in October of 2019 to Morgan Stanley, as administrative agent and collateral agent, and the lenders party thereto, that provides senior secured financing in an aggregate principal amount of $700 million, consisting initially of (a) term loans in an aggregate principal amount of $400 million (the “New Term Loan Facility”) and (b) revolving commitments in an aggregate amount of $300 million (the “New Revolving Facility”, and together with the New Term Loan Facility, the “New Credit Facilities”). Borrowings under the New Credit Facilities bear interest at a rate per annum equal to, at the Company’s option, a base rate (such as prime rate or LIBOR) plus an applicable margin. The Company’s interest rate on the term loans under the New Term Loan Facility is 3.80% at December 31, 2019. In addition to paying interest on the outstanding principal under the New Credit Facilities, the Company will pay (i) with respect to the New Term Loan Facility, customary agency fees, and (ii) with respect to the New Revolving Facility, a commitment fee in respect of the unutilized commitments thereunder and customary letter of credit fees and agency fees. The initial commitment fee is 0.20% per annum.

The Company may voluntarily prepay outstanding term loans and revolving loans under the New Credit Facilities and may reduce the unutilized portion of the New Revolving Facility at any time without premium or penalty other than customary “breakage” costs with respect to LIBOR loans.

It is unclear whether the LIBOR will continue to be calculated or published as a reference rate/benchmark after 2021.The Company’s New Credit Facilities do not have fallback language for when LIBOR is unavailable. The Company is currently assessing its alternatives and cannot yet reasonably estimate the expected impact. The Company believes that it could renegotiate the agreement prior to the discontinuation to determine an alternative rate.

The Credit Agreement requires scheduled quarterly installment payments of 0.25% of the aggregate principal amount of the outstanding term loans commencing March 31, 2019. The Credit Agreement does not require scheduled amortization under the New Revolving Facility.

The Credit Agreement also requires the Company to prepay outstanding term loans, subject to certain exceptions, with (a) up to 50% of the Company’s annual Excess Cash Flow (as defined in the Credit Agreement) and (b) 100% of the net cash proceeds of (i) certain asset sales and casualty and condemnation events, subject to reinvestment rights and certain other exceptions; and (ii) any incurrence or issuance of certain debt, other than debt permitted under the New Credit Facilities.

The New Term Loan Facility matures November 6, 2025 and the New Revolving Facility matures November 6, 2023. At December 31, 2019, the only outstanding amounts under the New Revolving Facility were undrawn outstanding letters of credit of $0.2 million.

All obligations under the New Credit Facilities are unconditionally guaranteed by certain of the Company’s wholly-owned domestic subsidiaries and are secured, subject to certain exceptions, by substantially all of the Company’s assets and the assets of the Company’s subsidiaries that have guaranteed the New Credit Facilities.

The New Credit Facilities contain a number of negative covenants that, subject to certain exceptions, restrict the Company’s ability and each of the Company’s subsidiaries’ ability to incur additional indebtedness; pay dividends on its capital stock or redeem, repurchase or retire its capital stock or its other indebtedness; make investments, loans and acquisitions, create restrictions on the payment of dividends or other amounts to the Company from the Company’s restricted subsidiaries; engage in transactions with its affiliates; sell assets, including capital stock of its subsidiaries; materially alter the business it conducts; consolidate or merge; incur liens; and engage in sale-leaseback transactions. If at any time, commencing with the fiscal quarter ending March 31, 2019, the Company has revolving borrowings, unreimbursed letter of credit drawings and undrawn letters of credit outstanding in an amount in excess of 35.0% of the commitment amount under the New Revolving Facility, the Credit Agreement requires the Company to maintain a secured net leverage ratio of at least 3.25 to 1.0. The Company is in compliance with all of the above covenants at December 31, 2019.

Previous Senior Secured Loan Facilities

On April 30, 2014, the Company entered into (a) a term loan credit and guaranty agreement with Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger, sole bookrunner and sole syndication agent, that provided senior secured financing of $460.0 million (the “Previous Term Loan Facility”) and (b) an asset-based revolving credit and guaranty

agreement with Goldman Sachs Bank USA, as administrative agent, collateral agent, sole lead arranger, sole bookrunner and sole syndication agent, that provided senior secured financing of $75.0 million, subject to a borrowing base (the “Previous ABL Loan Facility”). As stated above, the Previous Term Loan Facility and the Previous ABL Loan Facility were repaid in full in November 2018. The repayment of the Previous Term Loan Facility and the Previous ABL Loan Facility resulted in a loss of $2.3 million for the year ended December 31, 2018 on extinguishment of debt, which is included in other expense (income), net in the Company’s consolidated statement of operations.

Commitments and Contingent Liabilities	12 Months Ended
Commitments and Contingent Liabilities	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES The Company is subject to various claims, legal actions, and complaints arising in the ordinary course of business. The Company believes the final outcome of these matters will not have a material adverse effect on its consolidated financial statements. The Company expenses legal costs as incurred.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

GOODWILL AND INTANGIBLE ASSETS



(In thousands)	SCEM			MC			AMH		Total
December 31, 2017	$	304,270		$	8,007		$	47,411	$	359,688
Addition due to acquisitions	—			183,729			9,660		193,389
Other, including foreign currency translation	(2,847		)	(28		)	—		(2,875		)
December 31, 2018	301,423			191,708			57,071		550,202
Addition due to acquisitions	98,410			47,711			—		146,121
Purchase accounting adjustments	—			451			—		451
Other, including foreign currency translation	(1,881		)	151			—		(1,730		)
December 31, 2019	$	397,952		$	240,021		$	57,071	$	695,044

As of December 31, 2019, goodwill amounted to approximately $695.0 million, an increase of $144.8 million from the balance at December 31, 2018. The increase in goodwill in 2019 reflects the acquisition of DSC, MPD, and Anow described in note 3 offset by the decrease resulting from foreign currency translation. The increase in goodwill in 2018 reflects the acquisition of SPG, PSS and Flex described in note 3 offset by the decrease resulting from foreign currency translation.

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



2019
(In thousands)	Gross carrying Amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	272,334		204,689		67,645		7.1
Trademarks and trade names	29,106		16,326		12,780		10.1
Customer relationships	405,537		161,551		243,986		11.8
Other	36,303		26,762		9,541		4.1
	$	743,280	$	409,328	$	333,952	9.7



2018
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	248,776		176,421		72,355		7.0
Trademarks and trade names	25,643		14,749		10,894		10.5
Customer relationships	328,050		133,068		194,982		10.8
Other	36,306		18,850		17,456		4.1
	$	638,775	$	343,088	$	295,687	8.9

The table below sets forth the amortization expense for the years ended December 31, 2019, 2018, and 2017:



(In thousands)	2019		2018		2017
Amortization expense	$	66,428	$	62,152	$	44,023

The amortization expense for each of the five succeeding years and thereafter relating to intangible assets currently recorded in the Company’s consolidated balance sheets is estimated to be the following at December 31, 2019:



(In thousands)	2020		2021		2022		2023		2024		Thereafter		Total
Future amortization expense	$	50,930	$	44,297	$	43,569	$	42,880	$	29,976	$	122,300	$	333,952

Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Equity

EQUITY

Dividend

Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s Board of Directors. The Company’s Board of Directors declared a cash dividend of $0.07 per share during the first and second quarters and $0.08 per share during the third and fourth quarters of 2019, which totaled $40.8 million. During 2018, the Company’s Board of Directors declared a cash dividend of $0.07 per share during the first, second, third and fourth quarters of 2018, which totaled $39.7 million. During 2017, the Company’s Board of Directors declared a cash dividend of $0.07 per share during the fourth quarter which totaled $9.9 million.

On January 15, 2020, the Company’s Board of Directors declared a quarterly cash dividend of $0.08 per share to be paid on February 19, 2020 to shareholders of record as of January 29, 2020.

Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors. Furthermore, the credit agreements governing the New Credit Facilities contain restrictions that may limit our ability to pay dividends.

Share Repurchase Program

On February 13, 2018, the Company’s Board of Directors authorized a repurchase program covering up to an aggregate of $100.0 million of the Company’s common stock, during a period of twenty-four months, in open market transactions and in accordance with one or more pre-arranged stock trading plans to be established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. On November 19, 2018, the Company’s Board of Directors authorized the repurchase of up to an additional $250 million in aggregate principal amount of the Company’s common stock. The authorization was in addition to the amount remaining under the share repurchase program previously authorized in February 2018.

The Company repurchased $74.8 million, $179.3 million and $28 million of shares for the years ended December 31, 2019, December 31, 2018 and December 31, 2017, respectively.

The credit agreement governing the New Credit Facilities contain restrictions that may limit our ability to continue to repurchase shares.

2010 Stock Plan

In 2009, the Company’s Board of Directors approved the 2010 Stock Plan, subject to the approval by the Company’s stockholders in 2010. The 2010 Stock Plan replaced the predecessor plans for future stock awards and stock option grants. Subsequent to the acquisition of ATMI, Inc. in 2014, the Company’s Board of Directors approved the absorption of 5.7 million additional shares of the ATMI, Inc. 2010 Stock Plan (ATMI Plan) into the Company’s 2010 Stock Plan for the remaining term of the ATMI Plan.

The 2010 Stock Plan has a term of ten years and provides for the issuance of stock options and other share-based awards to selected employees, directors, and other individuals or entities that provide services to the Company or its affiliates. Under the 2010 Stock Plan, the Board of Directors or a committee selected by the Board of Directors will determine for each award, the term, price, number of shares, rate at which each award is exercisable and whether restrictions are imposed on the shares subject to the awards. The exercise price for option awards generally may not be less than the fair market value per share of the underlying common stock on the date granted. The 2010 Stock Plan provides that after December 31, 2009 any shares subject to stock awards that were awarded from the Company’s expired plans and that are forfeited, expired or otherwise terminated without issuance of shares will again be available for issuance under the 2010 Stock Plan.

Stock Options

Stock option activity for the 2010 Stock Plan for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:



	2019				2018				2017
(Shares in thousands)	Number of shares		Weighted average exercise price		Number of shares		Weighted average exercise price		Number of shares		Weighted average exercise price
Options outstanding, beginning of year	1,410		$	18.22	1,869		$	13.46	1,907		$	11.54
Granted	293		33.33		296		31.10		335		21.60
Exercised	(128	)	13.89		(727	)	10.89		(359	)	10.89
Expired or forfeited	—		—		(28	)	26.41		(14	)	12.78
Options outstanding, end of year	1,575		$	21.39	1,410		$	18.22	1,869		$	13.46
Options exercisable, end of year	788		$	15.75	562		$	13.68	872		$	11.11

Options outstanding for the Company’s stock plans at December 31, 2019 are summarized as follows:



(Shares in thousands)	Options outstanding				Options exercisable
Range of exercise prices	Number outstanding	Weighted average remaining life in years	Weighted- average exercise price		Number exercisable	Weighted average exercise price
$9.88 to $11.71	71	1.1 years	$	11.71	71	$	11.71
$12.20 to $12.20	416	3.1 years	12.20		292	12.20
$13.49 to $13.49	226	2.1 years	13.49		226	13.49
$21.60 to $21.60	287	4.1 years	21.60		129	21.60
$31.10 to $31.10	282	5.1 years	31.10		70	31.10
$33.33 to $33.33	293	6.1 years	33.33		—	—
	1,575	4.0 years	$	21.39	788	$	15.75

The weighted average remaining contractual term for options outstanding and options exercisable for all plans at December 31, 2019 was 4.0 years and 3.0 years, respectively.

Under the 2010 Stock Plan, the Company had shares available for future grants of 8.2 million shares, 8.7 million shares, and 8.8 million shares at December 31, 2019, 2018 and 2017, respectively.

Under the 2010 Stock Plan, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2019 and 2018 was $3.2 million and $16.7 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $50.09 at December 31, 2019, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $45.2 million and $27.1 million for options outstanding and options exercisable, respectively.

Share-based payment awards in the form of stock option awards for 0.3 million, 0.3 million and 0.3 million shares were granted to employees during the years ended December 31, 2019, 2018 and 2017, respectively. Compensation expense is based on the

grant date fair value. The awards vest annually over a four-year period and have a contractual term of 7 years. The Company estimates the fair value of stock options using the Black-Scholes valuation model. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of the Company’s stock, the risk-free rate and the Company’s dividend yield. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive equity awards, and subsequent events are not indicative of reasonableness of the original estimates of fair value made by the Company.



Employee stock options:	2019			2018			2017
Volatility	31.6		%	28.7		%	26.9		%
Risk-free interest rate	2.5		%	2.4		%	1.7		%
Dividend yield	0.8		%	1		%	—		%
Expected life (years)	4.1			3.9			4.1
Weighted average fair value per option	$	8.89		$	7.35		$	5.25

A historical daily measurement of volatility is determined based on the expected life of the option granted. The risk-free interest rate is determined by reference to the yield on an outstanding U.S. Treasury note with a term equal to the expected life of the option granted. Expected life is determined by reference to the Company’s historical experience. The Company determines the dividend yield by dividing the expected annual dividend on the Company’s stock by the option exercise price.

Employee Stock Purchase Plan

The Company maintains the Entegris, Inc. Amended and Restated Employee Stock Purchase Plan (ESPP). The ESPP allows employees to elect, at six-month intervals, to contribute up to 10% of their compensation, subject to certain limitations, to purchase shares of common stock at a discount of 15% from the fair market value on the first day or last day of each six-month period. The Company treats the ESPP as a compensatory plan. At December 31, 2019, 1.7 million shares remained available for issuance under the ESPP. Employees purchased 0.2 million shares, 0.2 million shares and 0.2 million shares, at a weighted-average price of $28.67, $24.86, and $16.92 during the years ended December 31, 2019, 2018 and 2017, respectively.

Restricted Stock Units



	2019				2018				2017
(Shares in thousands)	Number of shares		Weighted average grant date fair value		Number of shares		Weighted average grant date fair value		Number of shares		Weighted average grant date fair value
Unvested, beginning of year	1,519		$	21.24	1,857		$	15.86	2,164		$	12.49
Granted	514		34.05		509		31.40		659		22.14
Vested	(679	)	18.89		(732	)	15.07		(801	)	12.22
Forfeited	(100	)	24.82		(115	)	18.58		(165	)	14.48
Unvested, end of year	1,254		27.48		1,519		21.24		1,857		15.86

The weighted average remaining contractual term for unvested restricted shares at December 31, 2019 and 2018 was 2.0 years and 1.9 years, respectively.

During the years ended December 31, 2019, 2018 and 2017, the Company awarded performance-based restricted stock units for up to 0.1 million shares of common stock, 0.2 million shares of common stock and 0.1 million shares of common stock, respectively, to be issued upon the achievement of performance conditions under the Company’s 2010 Stock Plan to certain officers and other key employees. Compensation expense is based on the grant date fair value. The awards vest on the third

anniversary of the award date. The Company estimates the fair value of the performance shares using a Monte Carlo simulation process.

As of December 31, 2019, the total compensation cost related to unvested stock options, performance-based restricted stock units and restricted stock unit awards not yet recognized was $3.7 million, $2.6 million and $22.1 million, respectively, and is expected to be recognized over the next 2.5 years on a weighted-average basis.

Valuation and Expense Information

The Company recognizes compensation expense for all share-based payment awards made to employees and directors based on their estimated fair values on the date of grant. Compensation expense is recognized using the straight-line attribution method to recognize share-based compensation over the service period of the award, with adjustments recorded for forfeitures as they occur. The following table summarizes the allocation of share-based compensation expense related to employee stock options, restricted stock awards, performance-based restricted stock awards and grants under the employee stock purchase plan for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019		2018		2017
Cost of sales	$	1,180	$	1,009	$	1,031
Engineering, research and development expenses	1,901		1,689		1,457
Selling, general and administrative expenses	16,548		14,414		12,818
Share-based compensation expense	19,629		17,112		15,306
Tax benefit	3,626		3,421		4,978
Share-based compensation expense, net of tax	$	16,003	$	13,691	$	10,328

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net sales	$ 1,591,066	$ 1,550,497	$ 1,342,532
Cost of sales	879,413	830,666	733,547
Gross profit	711,653	719,831	608,985
Selling, general and administrative expenses	284,807	246,534	216,194
Engineering, research and development expenses	121,140	118,456	106,951
Amortization of intangible assets	66,428	62,152	44,023
Operating income	239,278	292,689	241,817
Interest expense	46,962	34,094	32,343
Interest income	(4,652)	(3,839)	(715)
Other (income) expense, net	(121,081)	8,002	25,458
Income before income tax expense	318,049	254,432	184,731
Income tax expense	63,189	13,677	99,665
Net income	$ 254,860	$ 240,755	$ 85,066
Earnings Per Share:
Basic net income per common share	$ 1.89	$ 1.71	$ 0.60
Diluted net income per common share	$ 1.87	$ 1.69	$ 0.59
Weighted average shares outstanding
Basic	135,137	141,026	141,553
Diluted	136,568	142,610	143,518

Trade Accounts and Notes Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts receivable	$ 233,274	$ 218,098
Notes receivable	2,280	4,850
Total trade accounts and notes receivable	235,554	222,948
Less allowance for doubtful accounts	1,145	893
Trade accounts and notes receivable, net	$ 234,409	$ 222,055

Lease Commitments Leases - Lease Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 50,160	$ 46,162	$ 0
Short-term lease liability		8,892
Long-term lease liabilities	43,827	$ 42,639	$ 0
Total liability	53,852
Right-of-use assets
Lessee, Lease, Description [Line Items]
Right-of-use assets	50,160
Other accrued liabilities
Lessee, Lease, Description [Line Items]
Short-term lease liability	10,025
Long-term lease liability
Lessee, Lease, Description [Line Items]
Long-term lease liabilities	$ 43,827

Debt - 2026 Senior Unsecured Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Nov. 10, 2017
Debt Instrument
Long-term Debt, Gross	$ 950,000	$ 946,000
Senior unsecured notes due 2026
Debt Instrument
Long-term Debt, Gross	$ 550,000	$ 550,000	$ 550,000
Debt Instrument, Interest Rate, Stated Percentage			4.625%
Debt Instrument, Redemption Price, Percentage	100.00%
Minimum redemption price on or after November 10, 2020	100.00%
Maximum redemption price on or after November 10, 2020	103.469%
Redemption price, change of control	101.00%
Event of default percentage	25.00%

Lease Commitments

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease Commitments

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 consolidated balance sheets, but did not have a material impact on our 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 December 31, 2019, we do not have any material finance leases.

The details of the impact of the changes made to the Company’s 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 December 31, 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 year ended December 31, 2019, the Company has obtained $9.1 million of operating lease assets in exchange for lease obligations.

As of December 31, 2019, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet as follows:



(In thousands)	Classification	December 31, 2019
Assets
Right-of-use assets	Right-of-use assets	$	50,160
Liabilities
Short-term lease liability	Other accrued liabilities	10,025
Long-term lease liability	Long-term lease liability	43,827
Total lease liabilities		$	53,852

Expense for leases less than 12 months for the year ended December 31, 2019 were not material. The components of lease expense for the year ended December 31, 2019 are as follows:



(In thousands)	December 31, 2019
Operating lease cost	$	12,538



(In thousands)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	11,137
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.36
Weighted average discount rate	4.93		%

Future minimum lease payments for noncancellable operating leases as of December 31, 2019, were as follows:



(In thousands)	Operating Leases
2020	$	12,407
2021	10,221
2022	6,909
2023	6,055
2024	5,052
Thereafter	26,904
Total	$	67,548
Less: Interest	13,696
Present value of lease liabilities	$	53,852

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

Inventories Inventories - Additional Detail (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Consignment inventory held by customers	$ 13.6	$ 12.5

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS On January 10, 2020, The Company acquired Sinmat, a CMP slurry manufacturer for approximately $75 million, subject to customary purchase price adjustments. The Company funded the acquisition from its available cash. Sinmat will be a part of the SCEM segment. The acquisition does not constitute a material business combination. On February 5, 2020, the Company’s Board of Directors authorized a repurchase program, effective February 16, 2020, covering up to an aggregate of $125 million of the Company’s common stock, during a period of twelve months, in open market transactions and in accordance with one or more pre-arranged stock trading plans to be established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. This repurchase program is intended to replace the existing repurchase program, which was originally approved in February 2018 and amended in November 2018, which is set to expire pursuant to its terms on February 15, 2020.

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating activities:
Net income	$ 254,860,000	$ 240,755,000	$ 85,066,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	74,975,000	65,116,000	58,208,000
Amortization	66,428,000	62,152,000	44,023,000
Share-based compensation expense	19,629,000	17,112,000	15,306,000
Provision for deferred income taxes	(14,008,000)	(11,876,000)	1,628,000
Charge for excess and obsolete inventory	11,433,000	4,496,000	9,405,000
Amortization of debt issuance costs	2,330,000	1,834,000	2,864,000
Loss on extinguishment of debt	0	2,429,000	20,687,000
Other	9,788,000	9,948,000	16,026,000
Changes in operating assets and liabilities, net of effects of acquisitions:
Trade accounts receivable and notes receivable	(3,164,000)	(17,473,000)	(15,401,000)
Inventories	(21,354,000)	(38,100,000)	(20,214,000)
Accounts payable and other accrued liabilities	(22,647,000)	19,950,000	15,975,000
Other current assets	7,784,000	(13,677,000)	(3,330,000)
Income taxes payable, refundable income taxes and noncurrent taxes payable	(3,494,000)	(30,381,000)	64,516,000
Other	(262,000)	291,000	(1,386,000)
Net cash provided by operating activities	382,298,000	312,576,000	293,373,000
Investing activities:
Acquisition of property and equipment	(112,355,000)	(110,153,000)	(93,597,000)
Acquisition of business, net of cash acquired	(277,369,000)	(380,694,000)	(20,000,000)
Other	3,884,000	4,903,000	1,142,000
Net cash used in investing activities	(385,840,000)	(485,944,000)	(112,455,000)
Financing activities:
Proceeds from long-term debt	0	402,000,000	550,000,000
Payments of long-term debt	(4,000,000)	(135,850,000)	(460,000,000)
Payments for debt issuance costs	0	(7,400,000)	(7,333,000)
Payments for debt extinguishment costs	0	0	(16,200,000)
Payments for dividends	(40,566,000)	(39,591,000)	(9,896,000)
Issuance of common stock from employee stock plans	7,291,000	5,577,000	5,566,000
Taxes paid related to net share settlement of equity awards	(8,722,000)	(14,686,000)	(5,887,000)
Repurchase and retirement of common stock	(80,321,000)	(173,781,000)	(28,000,000)
Other	(502,000)	(1,858,000)	(999,000)
Net cash (used in) provided by financing activities	(126,820,000)	34,411,000	27,251,000
Effect of exchange rate changes on cash and cash equivalents	211,000	(4,389,000)	10,850,000
(Decrease) increase in cash and cash equivalents	(130,151,000)	(143,346,000)	219,019,000
Cash and cash equivalents at beginning of year	482,062,000	625,408,000	406,389,000
Cash and cash equivalents at end of year	351,911,000	482,062,000	625,408,000
Supplemental Cash Flow Information
Contingent consideration obligation	686,000	0	0
Deferred acquisition payments, net	19,848,000	0	0
Equipment purchases in accounts payable	11,285,000	17,624,000	8,608,000
Repurchase and retirement of common stock to be settled	0	5,534,000	0
Capital lease obligations incurred	0	0	4,768,000
Dividends Payable	349,000	131,000	0
Schedule of interest and income taxes paid:
Interest paid	41,711,000	26,248,000	30,392,000
Income taxes, net of refunds received	$ 77,970,000	$ 54,415,000	$ 33,330,000

Segment Information - Reconciliation of Total Segment Profit to Operating Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting [Abstract]
Total segment profit	$ 367,898	$ 386,259	$ 313,053
Amortization of intangibles	66,428	62,152	44,023
Unallocated general and administrative expenses	62,192	31,418	27,213
Operating income	239,278	292,689	241,817
Interest expense	46,962	34,094	32,343
Interest income	4,652	3,839	715
Other (income) expense, net	(121,081)	8,002	25,458
Income before income tax expense	$ 318,049	$ 254,432	$ 184,731

Revenues Revenues

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [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 sales.

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 16 to the 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 payment terms and revenue recognized is based on time and materials.

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. The Company recognizes revenue for a sales-based or usage-based royalty promised in exchange for a license of intellectual property 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 recorded as deferred revenue on the balance sheet and is recognized as revenue when the free product is redeemed or when the likelihood of redemption is remote. The Company has deemed that the amount is immaterial for disclosure. The Company applies the practical expedient in ASU No. 2014-09 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

The Company provides for the estimated costs of fulfilling its 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 adjusts 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 consolidated balance sheet.



(In thousands)	December 31, 2019		December 31, 2018
Contract liabilities - current	$	13,022	$	15,364

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



(In thousands)	2019
Revenue recognized that was included in the contract liability balance at the beginning of the period	$	(14,716	)
Increases due to cash received, excluding amounts recognized as revenue during the period	12,374

Inventories (Detail) - USD ($)
$ in Thousands

Dec. 31, 2019

Dec. 31, 2018

Inventory Net

Raw materials

$ 92,849

$ 100,770

Work-in-process

30,856

31,412

Finished goods

^[1]

163,393

135,958

Total inventories

$ 287,098

$ 268,140

[1]	^(a)Includes consignment inventories held by customers for $13.6 million and $12.5 million at December 31, 2019 and 2018, respectively.

Summary of Allocation of Share Based Compensation Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 19,629	$ 17,112	$ 15,306
Share-based Payment Arrangement, Expense, Tax Benefit	3,626	3,421	4,978
Share-based compensation expense, net of tax	16,003	13,691	10,328
Cost of Sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	1,180	1,009	1,031
Engineering, Research and Development Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	1,901	1,689	1,457
Selling, General And Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 16,548	$ 14,414	$ 12,818

Quarterly Information-Unaudited (Tables)

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Information [Abstract]

Quartely Information



	Fiscal quarter ended
(In thousands, except per share data)	March 30, 2019		June 29, 2019		September 28, 2019		December 31, 2019
Net sales	$	391,047	$	378,874	$	394,147	$	426,998
Gross profit	177,393		166,274		170,350		197,636
Net income	32,658		123,997		40,767		57,438
Basic net income per common share	0.24		0.92		0.30		0.43
Diluted net income per common share	0.24		0.91		0.30		0.42



	Fiscal quarter ended
(In thousands, except per share data)	March 31, 2018		June 30, 2018		September 29, 2018		December 31, 2018
Net sales	$	367,199	$	383,059	$	398,597	$	401,642
Gross profit	175,997		182,378		181,716		179,740
Net income	57,562		54,349		48,060		80,784
Basic net income per common share	0.41		0.38		0.34		0.58
Diluted net income per common share	0.40		0.38		0.34		0.57

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2019
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Entegris, Inc. (Entegris or the Company) 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 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 and Basis of Presentation The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. On an ongoing basis, Entegris evaluates its estimates, including those related to receivables, inventories, property, plant and equipment, goodwill, intangible assets, accrued liabilities, income taxes and share-based compensation, among others. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid debt securities with original maturities of three months or less, which are valued at cost and approximates fair value.
Allowance For Doubtful Accounts	Allowance for Doubtful Accounts An allowance for uncollectible trade receivables is estimated based on a combination of write-off history, aging analysis and any specific, known troubled accounts. The Company maintains an allowance for doubtful accounts that management believes is adequate to cover expected losses on trade receivables.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined by the first-in, first-out (FIFO) method.
Leases	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 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.
Property, Plant, And Equipment	Property, Plant, and Equipment Property, plant and equipment are carried at cost and are depreciated on the straight-line method over the estimated useful lives of the assets. When assets are retired or disposed of, the cost and related accumulated depreciation are removed from the accounts, and gains or losses are recognized in the same period. Maintenance and repairs are expensed as incurred, while significant additions and improvements are capitalized. Long-lived assets, including property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable based on estimated future undiscounted cash flows. The amount of impairment, if any, is measured as the difference between the net book value and the estimated fair value of the asset(s).
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 instruments. The fair value of long-term debt, including current maturities, based upon models utilizing market observable (Level 2) inputs and credit risk, was $958 million at December 31, 2019 compared to the carrying amount of long-term debt, including current maturities, of $936 million at December 31, 2019.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of acquisition costs over the fair value of the net assets of businesses acquired. Goodwill is not subject to amortization, but is tested for impairment annually at August 31, the Company’s annual testing date, and whenever events or changes in circumstances indicate that impairment may have occurred. The Company compares the carrying value of its reporting units, including goodwill, to their fair value. For reporting units in which the assessment indicates that it is more likely than not that the fair value is more than its carrying value, goodwill is not considered impaired. If the carrying value of the reporting unit exceeds fair value, goodwill is considered impaired. Based on its annual analysis, the Company determined there was no indication of impairment of goodwill and the estimated fair value of each reporting unit substantially exceeded its carrying value. Amortizable intangible assets include, among other items, patented, unpatented and other developed technology and customer-based intangibles, and are amortized using the straight-line method over their respective estimated useful lives. The Company reviews intangible assets and other long-lived assets for impairment if changes in circumstances or the occurrence of events suggest the remaining value may not be recoverable.
Derivative Financial Instruments	Derivative Financial Instruments The Company records derivatives as assets or liabilities on the balance sheet and measures such instruments at fair value. Changes in fair value of derivatives are recorded each period in the Company’s consolidated statements of operations. The Company periodically enters into forward foreign currency contracts to reduce exposures relating to rate changes in certain foreign currencies. Certain exposures to credit losses related to counterparty nonperformance exist. However, the Company does not anticipate nonperformance by the counterparties since they are large, well-established financial institutions. None of these derivatives is accounted for as a hedge transaction. Accordingly, changes in the fair value of forward foreign currency contracts are recorded as other expense (income), net, in the Company’s consolidated statements of operations. The fair values of the Company’s derivative financial instruments are based on prices quoted by financial institutions for these instruments.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of certain foreign subsidiaries are translated from foreign currencies into U.S. dollars at period-end exchange rates, and the resulting gains and losses arising from translation of net assets located outside the U.S. are recorded as a cumulative translation adjustment, a component of accumulated other comprehensive loss in the consolidated balance sheets. Income statement amounts are translated at the weighted average exchange rates for the year. Translation adjustments are not adjusted for income taxes, as substantially all translation adjustments relate to permanent investments in non-U.S. subsidiaries. Gains and losses resulting from foreign currency transactions are included in other expense (income), net, in the Company’s consolidated statements of operations.
Revenue Recognition	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	Shipping and Handling Costs Shipping and handling costs incurred are recorded in cost of sales in the Company’s consolidated statements of operations.
Engineering,Research and Development Expenses	Engineering, Research and Development Expenses Engineering, research and development costs are expensed as incurred.
Share-Based Compensation	Share-based Compensation The Company measures the cost of employee services received in exchange for the award of equity instruments based on the fair value of the award at the date of grant. Compensation expense is recognized using the straight-line attribution method to recognize share-based compensation over the service period of the award, with adjustments recorded for forfeitures as they occur.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that it believes these assets are more likely than not to be realized. A valuation allowance is recorded to reduce deferred tax assets when it is more likely than not that the Company would not be able to realize all or part of its deferred tax assets. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company’s policy for recording interest and penalties associated with audits and unrecognized tax benefits is to record such items as a component of income before taxes. Penalties and interest to be paid or received are recorded in other expense (income), net, in the statement of operations.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) represents the change in equity resulting from items other than shareholder investments and distributions. The Company’s foreign currency translation adjustments, unrealized gains and losses on available-for-sale investments, and minimum pension liability adjustments are included in accumulated other comprehensive loss. Comprehensive income (loss) and the components of accumulated other comprehensive loss are presented in the accompanying consolidated statements of comprehensive income (loss) and consolidated statements of equity.
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 the 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 10 Leases to the consolidated financial statements for further details. Recent Accounting Pronouncements Yet to be Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that will replace the current “incurred loss” model and generally will result in the earlier recognition of allowances for losses. The Company is required to adopt this new guidance in the first quarter of fiscal 2020. The Company is reviewing the provisions of the new standard and currently does not expect a material effect on its consolidated financial statements.

Earnings Per Share (EPS) - Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Shares excluded from calculations of diluted EPS	273	267	303

Acquisition Acquisitons - PSS Purchase Additional Information (Details) - USD ($) $ in Thousands	Jan. 22, 2018	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition
Goodwill		$ 695,044	$ 550,202		$ 359,688
PSS acquisition
Business Acquisition
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years 4 months 24 days
Business Acquisition, Date of Acquisition Agreement	Jan. 22, 2018
Payments to Acquire Businesses, Gross	$ 37,300
Goodwill		$ 8,804		$ 15,353

Quarterly Information-Unaudited

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Information [Abstract]

Quarterly Information-Unaudited

QUARTERLY INFORMATION-UNAUDITED



	Fiscal quarter ended
(In thousands, except per share data)	March 30, 2019		June 29, 2019		September 28, 2019		December 31, 2019
Net sales	$	391,047	$	378,874	$	394,147	$	426,998
Gross profit	177,393		166,274		170,350		197,636
Net income	32,658		123,997		40,767		57,438
Basic net income per common share	0.24		0.92		0.30		0.43
Diluted net income per common share	0.24		0.91		0.30		0.42



	Fiscal quarter ended
(In thousands, except per share data)	March 31, 2018		June 30, 2018		September 29, 2018		December 31, 2018
Net sales	$	367,199	$	383,059	$	398,597	$	401,642
Gross profit	175,997		182,378		181,716		179,740
Net income	57,562		54,349		48,060		80,784
Basic net income per common share	0.41		0.38		0.34		0.58
Diluted net income per common share	0.40		0.38		0.34		0.57

Amounts Recognized in Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan [Abstract]
Noncurrent liability	$ (6,036)	$ (6,473)
Accumulated Other Comprehensive loss, net of taxes	$ 791	$ 860

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension liability adjustments, income tax (benefit) expense	$ (10)	$ (13)	$ (26)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income before income taxes for the years ended December 31, </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> was derived from the following sources:</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:59%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Domestic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,215</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61,545</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,363</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">172,834</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">192,887</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">171,368</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:36px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income before income tax expense</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">318,049</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">254,432</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">184,731</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

Components of Income Tax Expense

Income tax expense for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:



(In thousands)	2019			2018			2017
Current:
Federal	$	35,497		$	(14,775	)	$	60,529
State	2,625			1,605			808
Foreign	39,075			38,723			36,700
	77,197			25,553			98,037
Deferred (net of valuation allowance):
Federal	(10,966		)	(13,399		)	249
State	(1,018		)	(370		)	(891		)
Foreign	(2,024		)	1,893			2,270
	(14,008		)	(11,876		)	1,628
Income tax expense	$	63,189		$	13,677		$	99,665

Reconciliation of Income Tax Expense With Expected Amounts Based Upon Statutory Federal Tax Rates

Income tax expense differs from the expected amounts based upon the statutory federal tax rates for the years ended December 31, 2019, 2018 and 2017 as follows:



(In thousands)	2019			2018			2017
Expected federal income tax at statutory rate	$	66,790		$	53,431		$	64,656
State income taxes before valuation allowance, net of federal tax effect	(1,563		)	605			(1,376		)
Effect of foreign source income	(1,362		)	2,359			(27,581		)
Tax contingencies	1,785			468			2,816
Valuation allowance	2,051			527			3,195
U.S. federal research credit	(6,514		)	(2,263		)	(4,881		)
Equity compensation	(1,411		)	(3,826		)	(2,321		)
Transition tax	—			89			72,993
Remeasurement of deferred taxes	—			619			(10,248		)
Incremental taxes on unremitted foreign earnings release	—			—			3,968
Foreign derived intangible income	(7,851		)	(4,846		)	—
Legal entity restructuring foreign tax credit	—			(25,080		)	—
Legal entity restructuring dividends received deduction	9,398			(9,398		)	—
Other items, net	1,866			992			(1,556		)
Income tax expense	$	63,189		$	13,677		$	99,665

Deferred Tax Assets And Deferred Tax Liabilities

The significant components of the Company’s deferred tax assets and deferred tax liabilities at December 31, 2019 and 2018 are as follows:



(In thousands)	2019			2018
Deferred tax assets attributable to:
Accounts receivable	$	87		$	247
Inventory	6,517			4,085
Accruals not currently deductible for tax purposes	7,568			8,694
Net operating loss and credit carryforwards	22,316			15,878
Capital loss carryforward	—			2,450
Equity compensation	3,415			3,054
Asset impairments	452			452
Other, net	5,990			3,488
Gross deferred tax assets	46,345			38,348
Valuation allowance	(20,118		)	(18,079		)
Total deferred tax assets	26,227			20,269
Deferred tax liabilities attributable to:
Purchased intangible assets	(44,447		)	(50,128		)
Depreciation	(6,491		)	(3,874		)
Total deferred tax liabilities	(50,938		)	(54,002		)
Net deferred tax liabilities	$	(24,711	)	$	(33,733	)

Reconciliations of Total Amount of Gross Unrecognized Tax Benefits

Reconciliations of the beginning and ending balances of the total amounts of gross unrecognized tax benefits for the years ended December 31, 2019 and 2018 are as follows:



(In thousands)	2019			2018
Gross unrecognized tax benefits at beginning of year	$	12,295		$	12,561
Increase in tax positions from prior years	1,786			61
Decrease in tax positions from prior years	(54		)	(234		)
Increases in tax positions for current year	3,414			2,970
Settlement of tax positions for current year	(421		)	(2,577		)
Lapse in statute of limitations	(826		)	(486		)
Gross unrecognized tax benefits at end of year	$	16,194		$	12,295

Segment Information - Summary of Property, Plant and Equipment Attributed to Significant Countries (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information
Property, plant and equipment	$ 479,544	$ 419,529	$ 359,523
UNITED STATES
Segment Reporting Information
Property, plant and equipment	308,156	289,049	257,584
SOUTH KOREA
Segment Reporting Information
Property, plant and equipment	43,540	41,698	39,562
JAPAN
Segment Reporting Information
Property, plant and equipment	37,851	34,276	23,648
MALAYSIA
Segment Reporting Information
Property, plant and equipment	34,339	31,138	19,212
TAIWAN, PROVINCE OF CHINA
Segment Reporting Information
Property, plant and equipment	16,264	18,804	16,073
All Other Segments
Segment Reporting Information
Property, plant and equipment	$ 39,394	$ 4,564	$ 3,444

Trade Accounts and Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Trade Accounts and Notes Receivable

Trade accounts and notes receivable from customers at December 31, 2019 and 2018 consist of the following:



(In thousands)	2019		2018
Accounts receivable	$	233,274	$	218,098
Notes receivable	2,280		4,850
Total trade accounts and notes receivable	235,554		222,948
Less allowance for doubtful accounts	1,145		893
Trade accounts and notes receivable, net	$	234,409	$	222,055

Earnings Per Share (EPS) - Reconciliation of Share Amount Used in Computation of Basic and Diluted Earnings Per Share (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Basic earnings per share-Weighted common shares outstanding	135,137	141,026	141,553
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,431	1,584	1,965
Diluted earnings per share-Weighted common shares outstanding	136,568	142,610	143,518

Income Taxes Income Taxes - Deferred tax additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Deferred Tax Liabilities, Net	$ 24,711	$ 33,733
Deferred Tax Assets, Valuation Allowance	20,118	18,079
Domestic Tax Authority
Income Taxes [Line Items]
Deferred Tax Liabilities, Net	12,200	24,500
Deferred Tax Assets, Valuation Allowance	10,400	10,700
State and Local Jurisdiction
Income Taxes [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	10,500
Foreign Tax Authority
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 9,700	7,300
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2020
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	$ 29,600
Deferred Tax Assets, Net	$ 7,700	$ 8,800

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Defined Benefit Plan [Abstract]

Estimated Funded Status

The tables below set forth the Company’s estimated funded status as of December 31, 2019 and 2018:



(In thousands)	2019			2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	7,308		$	7,682
Service cost	26			50
Interest cost	54			62
Actuarial (gain) loss	471			75
Benefits paid	(636		)	(560		)
Curtailment	(346		)	—
Other	—			11
Foreign exchange impact	69			(12		)
Benefit obligation at end of year	6,946			7,308
Change in plan assets:
Fair value of plan assets at beginning of year	835			908
Return on plan assets	35			31
Employer contributions	93			110
Benefits paid	(63		)	(185		)
Foreign exchange impact	10			(29		)
Fair value of plan assets at end of year	910			835
Funded status:
Plan assets less than benefit obligation - Net amount recognized	$	(6,036	)	$	(6,473	)

Amounts Recognized in Consolidated Balance Sheet

Amounts recognized in the consolidated balance sheets consist of:



(In thousands)	2019			2018
Noncurrent liability	$	(6,036	)	$	(6,473	)
Accumulated other comprehensive loss, net of taxes	791			860

Amounts Recognized in Accumulated Other Comprehensive Loss Net of Tax

Amounts recognized in accumulated other comprehensive loss, net of tax consist of:



(In thousands)	2019			2018
Net actuarial loss	$	598		$	514
Prior service cost	460			616
Gross amount recognized	1,058			1,130
Deferred income taxes	(267		)	(270		)
Net amount recognized	$	791		$	860

Pension Plans Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets:



(In thousands)	2019		2018
Projected benefit obligation	$	6,036	$	6,473
Accumulated benefit obligation	6,030		6,235
Fair value of plan assets	910		835

Components of Net Periodic Benefit Cost

The components of the net periodic benefit cost for the years ended December 31, 2019, 2018 and 2017 were as follows:



(In thousands)	2019			2018			2017
Pension benefits:
Service cost	$	26		$	50		$	38
Interest cost	54			62			46
Expected return on plan assets	(16		)	(18		)	(11		)
Curtailments	95			—			—
Amortization of prior service cost	67			69			69
Amortization of net transition obligation	—			—			22
Amortization of plan loss	17			20			—
Net periodic pension benefit cost	$	243		$	183		$	164

Estimated Amount Amortized from Accumulated Other Comprehensive Income Into Net Periodic Benefit Cost

The estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2020 is as follows:



(In thousands)
Prior service cost	$	36
Net actuarial loss	38
	$	74

Assumptions Used in Determining Benefit Obligation and Net Periodic Benefit Cost for Pension Plans



	2019		2018		2017
Benefit obligations:
Discount rate	0.53	%	0.76	%	0.82	%
Rate of compensation increase	2.91	%	3.08	%	3.05	%
Net periodic benefit cost:
Discount rate	1.29	%	1.66	%	1.45	%
Rate of compensation increase	3.51	%	3.18	%	3.00	%
Expected return on plan assets	1.51	%	1.89	%	1.80	%

Fair Value Measurements of Pension Plan Assets

The fair value measurements of the Company’s pension plan assets at December 31, 2019, by asset category are as follows:



(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	729	$	729	—	—
Germany plan assets (b)	$	181	$	181	—	—
	$	910	$	910	—	—


(a)	This category includes investments in the government of Taiwan’s pension fund. The government of Taiwan is responsible for the strategy and allocation of the investment contributions.


(b)	This category includes investments in an insurer’s balanced asset fund. The insurer is responsible for the strategy and allocation of the investment contributions. The Company selects a pre-packaged portfolio pooled investment fund that is conservative. The majority of the funds are invested broadly in German mortgage bonds, construction loans and government bonds with good credit ratings.

The fair value measurements of the Company’s pension plan assets at December 31, 2018, by asset category are as follows:



(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	669	$	669	—	—
Germany plan assets (b)	$	166	$	166	—	—
	$	835	$	835	—	—

Expected Contribution And Benefit Payments

The Company expects to make the following contributions and benefit payments:



(In thousands)	Contributions		Payments
2020	$	71	$	40
2021	—		225
2022	—		113
2023	—		201
2024	—		399
Years 2025-2029	—		1,707

Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Asset Retirement Obligation [Abstract]
Asset Retirement Obligation, Beginning	$ 12,543	$ 12,167
Asset Retirement Obligation, assumed in acquisitions	1,416	0
Liabilities Settled	(102)	(758)
Liabilities Incurred	546	884
Accretion Expense	75	510
Revision of Estimate	(538)	(260)
Asset Retirement Obligation, Ending	$ 13,940	$ 12,543

Estimated Funded Status (Detail) - USD ($) $ in Thousands	12 Months Ended
Estimated Funded Status (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	$ 7,308	$ 7,682
Service cost	26	50	$ 38
Interest cost	54	62	46
Actuarial (gain) loss	471	75
Benefits paid	(636)	(560)
Curtailment	(346)	0
Other	0	11
Foreign exchange impact	69	(12)
Benefit obligation at end of year	6,946	7,308	7,682
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	835	908
Return on plan assets	35	31
Employer contributions	93	110
Benefits paid	(63)	(185)
Foreign exchange impact	10	(29)
Fair value of plan assets at end of year	910	835	$ 908
Plan assets less than benefit obligation - Net amount recognized	$ (6,036)	$ (6,473)

Goodwill and Intangible Assets Goodwill additional (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 695,044	$ 550,202	$ 359,688
Goodwill, Period Increase	$ 144,800

Amounts Recognized in Accumulated Other Comprehensive Loss Net of Tax (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan [Abstract]
Net actuarial loss	$ 598	$ 514
Prior service cost	460	616
Gross amount recognized	1,058	1,130
Deferred income taxes	(267)	(270)
Net amount recognized	$ 791	$ 860

Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt at December 31, 2019 and 2018 consists of the following:



(In thousands)	December 31, 2019		December 31, 2018
Senior secured term loan facility due 2025	396,000		400,000
Senior unsecured notes due 2026	550,000		550,000
	946,000		950,000
Unamortized discount and debt issuance costs	9,516		11,137
Total long-term debt	936,484		938,863
Less current maturities of long-term debt	4,000		4,000
Long-term debt less current maturities	$	932,484	$	934,863

Schedule of Maturities of Long-term Debt

Annual maturities of long-term debt, excluding unamortized discount and issuance costs, due as of December 31, 2019 are as follows:



(In thousands)	2020		2021	2022	2023	2024	Thereafter	Total
Contractual debt obligation maturities*	$	4,000	4,000	4,000	4,000	4,000	926,000	$	946,000

Acquisition Acquisition - MPD (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 15, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition
Goodwill		$ 695,044	$ 550,202	$ 359,688
Deferred acquisition payments, net		19,848	$ 0	$ 0
MPD Acquisition
Business Acquisition
Business Acquisition, Date of Acquisition Agreement	Jul. 15, 2019
Business Acquisition Transaction Costs		4,000
Trade accounts and notes receivable, net	$ 3,575	3,575
Inventories, net	21,899	8,689
Other current assets	318	313
Property, plant and equipment, net	14,571	11,465
Identifiable intangible assets	74,900	$ 79,390
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		16 years
Right-of-use assets	3,677	$ 3,621
Accounts payables	2,440	2,419
Short-term lease liability	(144)	(88)
Long-term lease liability	(4,016)	(4,016)
Other noncurrent liabilities	(1,416)	(1,416)
Net Assets Acquired	110,924	99,114
Goodwill	51,457	61,870
Total Purchase Price	162,381	160,984
Payments to Acquire Businesses, Gross	156,500
Business acquisition deferred payment, gross	5,000
Deferred acquisition payments, net	$ 4,500
Developed Technology \| MPD Acquisition
Business Acquisition
Identifiable intangible assets		$ 12,750
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		11 years
Trademarks and Trade names \| MPD Acquisition
Business Acquisition
Identifiable intangible assets		$ 620
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		2 years
Customer Relationships \| MPD Acquisition
Business Acquisition
Identifiable intangible assets		$ 66,020
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		17 years

Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment
Land	$ 27,184	$ 21,913
Buildings and improvements	220,563	185,175
Manufacturing equipment	350,664	298,529
Canisters and cylinders	107,108	90,790
Molds	75,482	72,089
Office furniture and equipment	157,770	142,818
Construction in progress	63,197	69,437
Total property, plant and equipment	1,001,968	880,751
Less accumulated depreciation	522,424	461,222
Property, plant and equipment, net	$ 479,544	$ 419,529	$ 359,523
Minimum \| Building and Building Improvements
Property, Plant and Equipment
Estimated useful lives in years	5 years	5 years
Minimum \| Manufacturing Equipment
Property, Plant and Equipment
Estimated useful lives in years	5 years	5 years
Minimum \| Canisters and cylinders
Property, Plant and Equipment
Estimated useful lives in years	3 years	3 years
Minimum \| Molds
Property, Plant and Equipment
Estimated useful lives in years	3 years	3 years
Minimum \| Office Furniture and Equipment
Property, Plant and Equipment
Estimated useful lives in years	3 years	3 years
Maximum \| Building and Building Improvements
Property, Plant and Equipment
Estimated useful lives in years	35 years	35 years
Maximum \| Manufacturing Equipment
Property, Plant and Equipment
Estimated useful lives in years	10 years	10 years
Maximum \| Canisters and cylinders
Property, Plant and Equipment
Estimated useful lives in years	12 years	12 years
Maximum \| Molds
Property, Plant and Equipment
Estimated useful lives in years	5 years	5 years
Maximum \| Office Furniture and Equipment
Property, Plant and Equipment
Estimated useful lives in years	8 years	8 years

Segment Information - Sales from Largest Customer (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Dec. 31, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net sales	$ 426,998	$ 394,147	$ 378,874	$ 391,047	$ 401,642	$ 398,597	$ 383,059	$ 367,199	$ 1,591,066	$ 1,550,497	$ 1,342,532
TSMC
Net sales									187,000	153,900	167,900
Samsung
Net sales									$ 128,000	$ 164,300	$ 140,600

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Entegris, Inc. (Entegris or the Company) 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 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 and Basis of Presentation The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. On an ongoing basis, Entegris evaluates its estimates, including those related to receivables, inventories, property, plant and equipment, goodwill, intangible assets, accrued liabilities, income taxes and share-based compensation, among others. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid debt securities with original maturities of three months or less, which are valued at cost and approximates fair value. Allowance for Doubtful Accounts An allowance for uncollectible trade receivables is estimated based on a combination of write-off history, aging analysis and any specific, known troubled accounts. The Company maintains an allowance for doubtful accounts that management believes is adequate to cover expected losses on trade receivables. Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined by the first-in, first-out (FIFO) method. 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 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. Property, Plant, and Equipment Property, plant and equipment are carried at cost and are depreciated on the straight-line method over the estimated useful lives of the assets. When assets are retired or disposed of, the cost and related accumulated depreciation are removed from the accounts, and gains or losses are recognized in the same period. Maintenance and repairs are expensed as incurred, while significant additions and improvements are capitalized. Long-lived assets, including property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable based on estimated future undiscounted cash flows. The amount of impairment, if any, is measured as the difference between the net book value and the estimated fair value of the asset(s). 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 instruments. The fair value of long-term debt, including current maturities, based upon models utilizing market observable (Level 2) inputs and credit risk, was $958 million at December 31, 2019 compared to the carrying amount of long-term debt, including current maturities, of $936 million at December 31, 2019. Goodwill and Intangible Assets Goodwill represents the excess of acquisition costs over the fair value of the net assets of businesses acquired. Goodwill is not subject to amortization, but is tested for impairment annually at August 31, the Company’s annual testing date, and whenever events or changes in circumstances indicate that impairment may have occurred. The Company compares the carrying value of its reporting units, including goodwill, to their fair value. For reporting units in which the assessment indicates that it is more likely than not that the fair value is more than its carrying value, goodwill is not considered impaired. If the carrying value of the reporting unit exceeds fair value, goodwill is considered impaired. Based on its annual analysis, the Company determined there was no indication of impairment of goodwill and the estimated fair value of each reporting unit substantially exceeded its carrying value. Amortizable intangible assets include, among other items, patented, unpatented and other developed technology and customer-based intangibles, and are amortized using the straight-line method over their respective estimated useful lives. The Company reviews intangible assets and other long-lived assets for impairment if changes in circumstances or the occurrence of events suggest the remaining value may not be recoverable. Derivative Financial Instruments The Company records derivatives as assets or liabilities on the balance sheet and measures such instruments at fair value. Changes in fair value of derivatives are recorded each period in the Company’s consolidated statements of operations. The Company periodically enters into forward foreign currency contracts to reduce exposures relating to rate changes in certain foreign currencies. Certain exposures to credit losses related to counterparty nonperformance exist. However, the Company does not anticipate nonperformance by the counterparties since they are large, well-established financial institutions. None of these derivatives is accounted for as a hedge transaction. Accordingly, changes in the fair value of forward foreign currency contracts are recorded as other expense (income), net, in the Company’s consolidated statements of operations. The fair values of the Company’s derivative financial instruments are based on prices quoted by financial institutions for these instruments. Foreign Currency Translation Assets and liabilities of certain foreign subsidiaries are translated from foreign currencies into U.S. dollars at period-end exchange rates, and the resulting gains and losses arising from translation of net assets located outside the U.S. are recorded as a cumulative translation adjustment, a component of accumulated other comprehensive loss in the consolidated balance sheets. Income statement amounts are translated at the weighted average exchange rates for the year. Translation adjustments are not adjusted for income taxes, as substantially all translation adjustments relate to permanent investments in non-U.S. subsidiaries. Gains and losses resulting from foreign currency transactions are included in other expense (income), net, in the Company’s consolidated statements of operations. 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 Shipping and handling costs incurred are recorded in cost of sales in the Company’s consolidated statements of operations. Engineering, Research and Development Expenses Engineering, research and development costs are expensed as incurred. Share-based Compensation The Company measures the cost of employee services received in exchange for the award of equity instruments based on the fair value of the award at the date of grant. Compensation expense is recognized using the straight-line attribution method to recognize share-based compensation over the service period of the award, with adjustments recorded for forfeitures as they occur. Income Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that it believes these assets are more likely than not to be realized. A valuation allowance is recorded to reduce deferred tax assets when it is more likely than not that the Company would not be able to realize all or part of its deferred tax assets. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company’s policy for recording interest and penalties associated with audits and unrecognized tax benefits is to record such items as a component of income before taxes. Penalties and interest to be paid or received are recorded in other expense (income), net, in the statement of operations. Comprehensive Income (Loss) Comprehensive income (loss) represents the change in equity resulting from items other than shareholder investments and distributions. The Company’s foreign currency translation adjustments, unrealized gains and losses on available-for-sale investments, and minimum pension liability adjustments are included in accumulated other comprehensive loss. Comprehensive income (loss) and the components of accumulated other comprehensive loss are presented in the accompanying consolidated statements of comprehensive income (loss) and consolidated statements of equity. 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 the 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 10 Leases to the consolidated financial statements for further details. Recent Accounting Pronouncements Yet to be Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 changes the impairment model for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that will replace the current “incurred loss” model and generally will result in the earlier recognition of allowances for losses. The Company is required to adopt this new guidance in the first quarter of fiscal 2020. The Company is reviewing the provisions of the new standard and currently does not expect a material effect on its consolidated financial statements.

Other Income (Expense), Net (Tables)

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

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

The table below sets forth the Other (income) expense, net for the years ended December 31, 2019, 2018 and 2017:



(In thousands)	2019			2018		2017
Versum termination fee, net	$	(122,000	)	$	—	$	—
(Gain) loss on foreign currency remeasurement	(237		)	4,391		2,288
Loss on extinguishment of debt	—			2,429		20,687
Other, net	1,156			1,182		2,483
Other (income) expense, net	$	(121,081	)	$	8,002	$	25,458

Debt - Long-term debt schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Nov. 10, 2017	Apr. 30, 2014
Debt Instrument
Long-term Debt, Gross	$ 946,000	$ 950,000
Unamortized discount and debt issuance costs	9,516	11,137
Total long-term debt	936,484	938,863
Less current maturities of long-term debt	4,000	4,000
Long-term debt less current maturities	932,484	934,863
Senior secured term loan facility due 2021
Debt Instrument
Long-term Debt, Gross				$ 460,000
Senior secured term loan facility due 2025
Debt Instrument
Long-term Debt, Gross	396,000	400,000
Unamortized discount and debt issuance costs	5,100
Senior unsecured notes due 2026
Debt Instrument
Long-term Debt, Gross	$ 550,000	$ 550,000	$ 550,000

Goodwill and Intangible Assets Goodwill Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill
Goodwill	$ 695,044	$ 550,202	$ 359,688
Addition due to acquisition	146,121	193,389
Purchase accounting adjustments	451
Other, including foreign currency translation	(1,730)	(2,875)
SCEM
Goodwill
Goodwill	397,952	301,423	304,270
Addition due to acquisition	98,410	0
Purchase accounting adjustments	0
Other, including foreign currency translation	(1,881)	(2,847)
MC
Goodwill
Goodwill	240,021	191,708	8,007
Addition due to acquisition	47,711	183,729
Purchase accounting adjustments	451
Other, including foreign currency translation	151	(28)
AMH
Goodwill
Goodwill	57,071	57,071	$ 47,411
Addition due to acquisition	0	9,660
Purchase accounting adjustments	0
Other, including foreign currency translation	$ 0	$ 0

Revenues (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability



(In thousands)	December 31, 2019		December 31, 2018
Contract liabilities - current	$	13,022	$	15,364

Significant changes for contract balances

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



(In thousands)	2019
Revenue recognized that was included in the contract liability balance at the beginning of the period	$	(14,716	)
Increases due to cash received, excluding amounts recognized as revenue during the period	12,374

Quarterly Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 28, 2019	Jun. 29, 2019	Mar. 30, 2019	Dec. 31, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]
Net sales	$ 426,998	$ 394,147	$ 378,874	$ 391,047	$ 401,642	$ 398,597	$ 383,059	$ 367,199	$ 1,591,066	$ 1,550,497	$ 1,342,532
Gross profit	197,636	170,350	166,274	177,393	179,740	181,716	182,378	175,997	711,653	719,831	608,985
Net income	$ 57,438	$ 40,767	$ 123,997	$ 32,658	$ 80,784	$ 48,060	$ 54,349	$ 57,562	$ 254,860	$ 240,755	$ 85,066
Basic net income per common share	$ 0.43	$ 0.30	$ 0.92	$ 0.24	$ 0.58	$ 0.34	$ 0.38	$ 0.41	$ 1.89	$ 1.71	$ 0.60
Diluted net income per common share	$ 0.42	$ 0.30	$ 0.91	$ 0.24	$ 0.57	$ 0.34	$ 0.38	$ 0.40	$ 1.87	$ 1.69	$ 0.59

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details

- Definition

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

+ References + Details

Acquisition

12 Months Ended

Dec. 31, 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 segment 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 consolidated financial statements as of and since September 17, 2019. Costs associated with the acquisition of Anow were $2.5 million for the year ended December 31, 2019 and were expensed as incurred. These costs are included in selling, general and administrative expenses in the Company’s consolidated statement of operations. The acquisition does not constitute a material business combination.

The purchase price for Anow is $72.8 million, net of cash acquired. The purchase price includes (1) cash consideration of $73.0 million, or $69.3 million net of cash acquired, which was funded from the Company’s existing cash on hand and (2) $3.5 million deferred payment due to the seller at no earlier than September 18, 2021 at which time either the seller or the Company can exercise its option to receive the deferred payment.

The purchase price of Anow exceeds the net of the acquisition-date fair value of the identifiable assets acquired and the liabilities assumed by $47.7 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.



(In thousands):	As of September 17, 2019			As of December 31, 2019
Trade accounts and note receivable, net	$	3,455		$	3,455
Inventories, net	4,242			4,459
Other current assets	202			794
Property, plant and equipment	8,863			8,257
Identifiable intangible assets	42,179			18,949
Right-of-use assets	—			2,328
Other noncurrent assets	1,565			74
Accounts payable and accrued liabilities	(1,814		)	(5,022		)
Short-term lease liability	—			(88		)
Long-term lease liability	—			(107		)
Deferred tax liabilities	(10,890		)	(4,742		)
Other noncurrent liabilities	—			(3,270		)
Net assets acquired	47,802			25,087
Goodwill	25,212			47,711
Total purchase price, net of cash acquired	$	73,014		$	72,798

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	$	7,370	6.5
Trademarks and trade names	2,197		8.0
Customer relationships	9,382		13.0
	$	18,949	10.0

The final valuation of assets acquired and liabilities assumed is expected to be completed as soon as possible, but no later than one year from the acquisition date. 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 and intangible assets. 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 segment 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 consolidated financial statements as of and since July 15, 2019. Costs associated with the acquisition of MPD were $4.0 million for the year ended December, 2019 and were expensed as incurred. These costs are included in selling, general and administrative expense in the Company’s consolidated statement of operations. The acquisition does not constitute a material business combination.

The purchase price for MPD is $161.0 million, net of cash acquired. The purchase price includes (1) cash consideration of $156.5 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 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 $61.9 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.



(In thousands):	As of July 15, 2019			As of December 31, 2019
Trade accounts and note receivable, net	$	3,575		$	3,575
Inventories, net	21,899			8,689
Other current assets	318			313
Property, plant and equipment	14,571			11,465
Identifiable intangible assets	74,900			79,390
Right-of-use assets	3,677			3,621
Accounts payable and accrued liabilities	(2,440		)	(2,419		)
Short-term lease liability	(144		)	(88		)
Long-term lease liability	(4,016		)	(4,016		)
Other noncurrent liabilities	(1,416		)	(1,416		)
Net assets acquired	110,924			99,114
Goodwill	51,457			61,870
Total purchase price, net of cash acquired	$	162,381		$	160,984

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.

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	$	12,750	11.0
Trademarks and trade names	620		2.0
Customer relationships	66,020		17.0
	$	79,390	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 segment 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 consolidated financial statements as of and since March 8, 2019. Costs associated with the acquisition of DSC were $2.1 million for the fiscal year ended December 31, 2019 and were expensed as incurred. These costs are included in selling, general and administrative expense in the Company’s 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 consolidated statements of operations.

On December 3, 2019, the Company entered into a settlement agreement to accelerate the fixed deferred payment of $16.1 million to no later than March 8, 2020. The Company adjusted the fair value of the fixed deferred payment from its fair value to the full value resulting in an additional $1.6 million charge to interest expense in the consolidated income statement and the liability was adjusted from other long-term liabilities to other accrued liabilities. In addition the acceleration of the fixed deferred payment, it was determined the earnout-based contingent consideration of $0.7 million will never become owed to the sellers under the original purchase agreement. The Company removed the liability and credited selling, general and administrative expenses in the consolidated income statement.

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.



(In thousands):	As of March 8, 2019			December 31, 2019
Trade accounts and note receivable, net	$	1,840		$	1,840
Inventories, net	5,523			4,307
Other current assets	1,389			1,437
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			1,066
Other noncurrent assets	—			28
Accounts payable and accrued liabilities	(2,461		)	(2,861		)
Deferred tax liabilities	(2,861		)	(1,802		)
Long-term lease liability	(37		)	(37		)
Net assets acquired	29,343			27,581
Goodwill	35,133			36,540
Total purchase price, net of cash acquired	$	64,476		$	64,121

During the year ended December 31, 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 acquisition date, and the expectations and assumptions that have been deemed reasonable by the Company’s management.

Flex Concepts

On June 26, 2019, 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 Advanced Materials Handling segment 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 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 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 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 segment of the Company. This acquisition expanded the gas purification solutions portfolio in our Microcontamination Control segment with high-capacity products suited for bulk chemical purification applications.



(In thousands):	As of June 30, 2018			As of December 31, 2019
Trade accounts and notes receivable, net	$	15,805		$	19,173
Inventories, net	46,073			42,758
Other current assets	424			706
Property, plant and equipment, net	7,345			6,653
Identifiable intangible assets	178,220			150,430
Deferred tax asset	—			734
Other noncurrent assets	398			12
Current liabilities	(26,196		)	(26,473		)
Deferred tax liabilities	(42,110		)	(35,271		)
Other noncurrent liabilities	(1,006		)	(1,412		)
Net assets acquired	178,953			157,310
Goodwill	162,251			184,180
Total purchase price, net of cash acquired	$	341,204		$	341,490

The fair value of acquired inventories of $42.8 million is valued at the estimated selling price less the 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 will be amortized over the expected turn of the acquired inventory. Accordingly, a $2.0 million and a $6.9 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 years ended December 31, 2019 and 2018, 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, discount rate 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 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 acquisition 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 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 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.



(In thousands):	As of March 31, 2018			As of December 31, 2018
Trade accounts and notes receivable, net	$	3,616		$	3,898
Inventories, net	1,889			1,827
Other current assets	14			23
Property, plant and equipment, net	—			103
Identifiable intangible assets	20,000			25,600
Other noncurrent assets	21			3
Accounts payables	(438		)	(294		)
Other accrued liabilities	(2,799		)	(2,667		)
Net assets acquired	22,303			28,493
Goodwill	15,353			8,804
Total purchase price	$	37,656		$	37,297

As of 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.

Intangible assets, consisting mostly of technology-related intellectual property, generally will be amortized on a straight-line basis over an expected useful life currently estimated at approximately 9.4 years. In performing the valuation of intangible assets, the Company used independent appraisals, discounted cash flows and other factors, as the best evidence of fair value. The key underlying assumptions of the discounted cash flows were projected revenues, gross margin expectations and operating cost estimates. There are inherent uncertainties and management judgment required in these determinations. No assurance can be given that the underlying assumptions will occur as projected. The fair value measurement of the assets acquired and liabilities assumed were based on valuation involving significant unobservable inputs, or Level 3 in the fair value hierarchy.

Earning Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

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



(In thousands)	2019	2018	2017
Basic earnings per share—Weighted common shares outstanding	135,137	141,026	141,553
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,431	1,584	1,965
Diluted earnings per share—Weighted common shares outstanding	136,568	142,610	143,518

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS



(In thousands)	2019	2018	2017
Shares excluded from calculations of diluted EPS	273	267	303

Summary of Restricted Stock Activity (Detail) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of shares
Number of shares, Unvested, beginning of year	1,519	1,857	2,164
Number of shares, Granted	514	509	659
Number of shares, Vested	(679)	(732)	(801)
Number of shares, Forfeited	(100)	(115)	(165)
Number of shares, Unvested, end of year	1,254	1,519	1,857
Weighted average grant date fair value, Unvested
Weighted average grant date fair value, Unvested, beginning of year	$ 21.24	$ 15.86	$ 12.49
Weighted average grant date fair value, Granted	34.05	31.40	22.14
Weighted average grant date fair value, Vested	18.89	15.07	12.22
Weighted average grant date fair value, Forfeited	24.82	18.58	14.48
Weighted average grant date fair value, Unvested, end of year	$ 27.48	$ 21.24	$ 15.86

Lease Commitments Leases - Impact of Adoption of ASU 842 (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases [Abstract]
Right-of-use assets	$ 50,160	$ 46,162	$ 0
Prepaid Rent		(646)
Short-term lease liability		(8,892)
Short-term deferred rent		274
Long-term lease liability	$ (43,827)	(42,639)	$ 0
Long-term deferred rent		5,741
Deferred tax asset		11,629
Deferred tax liability		$ (11,629)

Equity - Summary of Option Activity (Detail) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of shares
Number of shares, Options outstanding, beginning of year	1,410	1,869	1,907
Number of shares, Granted	293	296	335
Number of shares, Exercised	(128)	(727)	(359)
Number of shares, Expired or Forfeited	0	(28)	(14)
Number of shares, Options outstanding, end of year	1,575	1,410	1,869
Number of shares, Options exercisable, end of year	788	562	872
Weighted average exercise price
Weighted average exercise price, Options outstanding, beginning of year	$ 18.22	$ 13.46	$ 11.54
Weighted average exercise price, Granted	33.33	31.10	21.60
Weighted average exercise price, Exercised	13.89	10.89	10.89
Weighted average exercise price, Expired or Forfeited	0	26.41	12.78
Weighted average exercise price, Options outstanding, end of year	21.39	18.22	13.46
Weighted average exercise price, Options exercisable, end of year	$ 15.75	$ 13.68	$ 11.11

Debt Debt - Senior Secured Credit Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument
Secured Debt	$ 700,000
Unamortized discount and debt issuance costs	9,516	$ 11,137
Long-term Debt, Gross	946,000	950,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000
Line of Credit Facility, Commitment Fee Percentage	0.20%
Prepayment % of annual excess cash flow	50.00%
Prepayment % for asset sales and casualty events	100.00%
Line of Credit Facility, Expiration Date	Nov. 06, 2023
Letters of Credit Outstanding, Amount	$ 200
Debt Instrument, Covenant Description	If at any time, commencing with the fiscal quarter ending March 31, 2019, the Company has revolving borrowings, unreimbursed letter of credit drawings and undrawn letters of credit outstanding in an amount in excess of 35.0% of the commitment amount under the New Revolving Facility, the Credit Agreement requires the Company to maintain a secured net leverage ratio of at least 3.25 to 1.0.
Debt Instrument, Covenant Compliance	The Company is in compliance with all of the above covenants
Senior secured term loan facility due 2025
Debt Instrument
Unamortized discount and debt issuance costs	$ 5,100
Long-term Debt, Gross	$ 396,000	$ 400,000
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.80%
Debt Instrument, Frequency of Periodic Payment	quarterly
Quarterly payment percentage	0.25%
Debt Instrument, Maturity Date	Nov. 06, 2025