0001101302-24-000009 | 10-K | XBRL Viewer

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Intangible Assets, Goodwill and Other (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impairment Loss	$ 10,400	$ 115,217	$ 0	$ 0
Impairment on long-lived assets		$ 30,464	$ 0	$ 0

Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets
Gross carrying Amount	$ 2,090,267	$ 2,478,827
Accumulated amortization	808,298	636,872
Net carrying value	$ 1,281,969	$ 1,841,955
Weighted average life in years	9 years 8 months 12 days	10 years 9 months 18 days
Developed Technology
Finite-Lived Intangible Assets
Gross carrying Amount	$ 1,256,469	$ 1,302,101
Accumulated amortization	455,720	313,876
Net carrying value	$ 800,749	$ 988,225
Weighted average life in years	7 years 2 months 12 days	7 years 3 months 18 days
Trademarks and Trade names
Finite-Lived Intangible Assets
Gross carrying Amount	$ 172,031	$ 250,473
Accumulated amortization	37,877	29,565
Net carrying value	$ 134,154	$ 220,908
Weighted average life in years	14 years	14 years 3 months 18 days
Customer Relationships
Finite-Lived Intangible Assets
Gross carrying Amount	$ 630,743	$ 863,947
Accumulated amortization	293,782	273,039
Net carrying value	$ 336,961	$ 590,908
Weighted average life in years	14 years	15 years 4 months 24 days
Other
Finite-Lived Intangible Assets
Gross carrying Amount	$ 23,924	$ 31,206
Accumulated amortization	20,919	20,392
Net carrying value	$ 3,005	$ 10,814
Weighted average life in years	5 years 7 months 6 days	4 years 3 months 18 days
In Process Research and Development
Finite-Lived Intangible Assets
Gross carrying Amount	$ 7,100	$ 31,100
Accumulated amortization	0	0
Net carrying value	$ 7,100	$ 31,100

Inventories Inventories - Additional Detail (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Consignment inventory held by customers	$ 20.8	$ 46.2

Business Combinations and Asset Acquisitions (Tables) - CMC Materials

12 Months Ended

Dec. 31, 2023

Business Acquisition

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

The purchase price of CMC Materials consisted of the following:


(In thousands)
Cash paid to CMC Materials’ shareholders	$	3,836,983
Stock paid to CMC Materials’ shareholders	1,265,690
Repayment of CMC Materials’ indebtedness	918,578
Total purchase price	6,021,251
Less cash and cash equivalents acquired	280,636
Total purchase price, net of cash acquired	$	5,740,615

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 as originally reported and as of December 31, 2022:


(In thousands)	As of July 6, 2022
Cash and cash equivalents	$	280,636
Accounts receivable and other current assets	207,472
Inventory	256,598
Property, plant and equipment	537,387
Identifiable intangible assets	1,736,219
Other noncurrent assets	39,725
Current liabilities	(211,417)
Deferred tax liabilities and other noncurrent liabilities	(452,805)
Net assets acquired	2,393,815
Goodwill	3,627,436
Total purchase price	$	6,021,251

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

The Company recognized the following intangible assets as part of the acquisition of CMC Materials and finite lived assets will be amortized on a straight-line basis:


(In thousands)	Amount		Weighted average life in years
Developed technology	$	1,043,000	7.3
Trademarks and trade names	236,600		14.9
Customer relationships	414,300		18.3
In-process research and development(1)	31,400
Other	10,919		1.2
	$	1,736,219	11.0

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents the combined results of operations of the Company as if the acquisition of CMC Materials had occurred as of the beginning of the years presented. The unaudited pro forma financial information is not necessarily indicative of what the Company’s consolidated results of operations would have been had the acquisition occurred at the beginning of each year. In addition, the unaudited pro forma financial information does not attempt to project the future results of operations of the combined company. The pro forma information does not include any potential revenue enhancements, cost synergies or other operating efficiencies that could result from the acquisition.


	Year Ended
(In thousands)	December 31, 2022		December 31, 2021
Net sales	$	3,920,850	$	3,518,893
Net income (loss)	292,867		(145,732)

Per share amounts:
Net income (loss) per common share - basic	$	1.97	$	(0.98)
Net income (loss) per common share - diluted	$	1.95	$	(0.98)

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Shares excluded from calculations of diluted EPS	657	447	136

Lease - Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
One Year	$ 17,624
Two Years	13,507
Three Years	9,662
Four Years	7,753
Five Years	5,907
Beyond Five Years	20,406
Total	74,859
Less: Interest	10,665
Present value of lease liabilities	64,194
Finance Lease, Liability, to be Paid, Year One	2,719
Finance Lease, Liability, to be Paid, Year Two	2,325
Finance Lease, Liability, to be Paid, Year Three	2,214
Finance Lease, Liability, to be Paid, Year Four	2,209
Finance Lease, Liability, to be Paid, Year Five	2,244
Finance Lease, Liability, to be Paid, after Year Five	19,271
Finance Lease, Liability, to be Paid	30,982
Finance Lease, Liability, Undiscounted Excess Amount	9,835
Finance Lease, Liability	$ 21,147

Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories at December 31, 2023 and 2022 consist of the following:


(In thousands)	2023		2022
Raw materials	$	248,656	$	337,576
Work-in-process	49,704		60,182
Finished goods (1)	308,691		415,057
Inventories, net	$	607,051	$	812,815

(1) Includes consignment inventories held by customers of $20.8 million and $46.2 million at December 31, 2023 and 2022, respectively.

Revenues Revenues - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Balance at beginning of year	$ 60,476	$ 23,050
Additions due to acquisition	0	11,108
Revenue recognized that was included in the contract liability balance at the beginning of the period	(37,830)	(30,667)
Increases due to cash received, excluding amounts recognized as revenue during the period	52,720	57,490
Contract liabilities included as part of dispositions and held for sale	(6,315)	(505)
Balance at end of year	$ 69,051	$ 60,476

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

Dec. 31, 2023

Dec. 31, 2022

Inventory Net

Raw materials

$ 248,656

$ 337,576

Work-in-process

49,704

60,182

Finished goods

^[1]

308,691

415,057

Total inventories

$ 607,051

$ 812,815

[1]	(1) Includes consignment inventories held by customers of $20.8 million and $46.2 million at December 31, 2023 and 2022, respectively.

Trade Accounts and Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 consist of the following:


(In thousands)	2023		2022
Accounts receivable	$	457,566	$	536,256
Notes receivable	5,898		4,672
Total trade accounts and notes receivable	463,464		540,928
Less allowance for credit losses	6,412		5,443
Trade accounts and notes receivable, net	$	457,052	$	535,485

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment at December 31, 2023 and 2022 consists of the following:


(In thousands)	2023		2022		Estimated useful lives in years
Land	$	44,177	$	62,192
Buildings and improvements	779,589		490,903		5-35
Manufacturing equipment	685,504		569,224		5-10
Canisters and cylinders	186,231		168,516		3-12
Molds	83,745		76,388		3-5
Office furniture and lab equipment	299,438		330,284		3-8
Construction in progress	297,448		465,923
Total property, plant and equipment	2,376,132		2,163,430
Less accumulated depreciation	908,089		770,093
Property, plant and equipment, net	$	1,468,043	$	1,393,337

The table below sets forth the depreciation expense for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Depreciation expense	$	172,683	$	135,371	$	90,311

Asset Retirement Obligations

12 Months Ended

Dec. 31, 2023

Asset Retirement Obligation [Abstract]

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 certain of its leased facilities.

Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2023 and 2022 are shown below:


(In thousands)	2023		2022
Balance at beginning of year	$	28,035	$	17,494
Liabilities assumed in acquisitions	—		12,531
Liabilities settled	(7,254)		(453)
Liabilities incurred	2,869		788
Accretion expense	139		213
Disposition	—		(2,815)
Revision of estimate	(2,074)		277
Balance at end of year	$	21,715	$	28,035

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.

Other Income (Expense), Net (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

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

The table below sets forth the Other expense, net for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Infineum termination fee, net	$	(10,876)	$	—	$	—
Loss on foreign currency remeasurement	5,718		23,034		7,857
Loss on extinguishment of debt and modification	29,896		3,287		23,338
Other, net	629		(2,395)		500
Other expense, net	$	25,367	$	23,926	$	31,695

Income Taxes Income Taxes - Deferred tax additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Deferred Tax Liabilities, Net	$ 78,851	$ 294,283
Deferred Tax Assets, Valuation Allowance	60,330	48,047
Domestic Tax Authority
Income Taxes [Line Items]
Deferred Tax Liabilities, Net	76,700
Deferred Tax Assets, Valuation Allowance	$ 29,700	18,500
Operating Loss Carryforwards, Expiration Date	Jan. 01, 2022
Deferred Tax Assets, Net		298,500
State and Local Jurisdiction
Income Taxes [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$ 23,300
Foreign Tax Authority
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 30,600	29,500
Operating Loss Carryforwards, Expiration Date	Jan. 01, 2023
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	$ 60,800
Deferred Tax Assets, Net	$ 58,200	$ 52,300

Lease Commitments Leases - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Lease renewal options	10 years
Lease terminate option	options to terminate the leases within 1 year
Cash flows - Operating leases	$ 18,528	$ 14,916	$ 11,009
Cash flows - Finance leases	2,164	1,300	502
Operating leases	6,155	16,241	31,492
Finance leases	$ 8,806	$ 7,357	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	30 years

Segment Information - Summary of Total Net Sales to External Customers (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Net sales	$ 812,291	$ 888,239	$ 901,000	$ 922,396	$ 946,070	$ 993,828	$ 692,489	$ 649,646	$ 3,523,926	$ 3,282,033	$ 2,298,893
NORTH AMERICA
Segment Reporting Information
Net sales									891,252	795,659	525,796
TAIWAN
Segment Reporting Information
Net sales									590,633	660,127	454,110
SOUTH KOREA
Segment Reporting Information
Net sales									443,185	414,077	317,272
JAPAN
Segment Reporting Information
Net sales									367,308	350,002	302,603
CHINA
Segment Reporting Information
Net sales									566,904	501,956	364,419
EUROPE
Segment Reporting Information
Net sales									402,350	325,015	209,268
SOUTHEAST ASIA
Segment Reporting Information
Net sales									262,294	235,197	125,425
MC
Segment Reporting Information
Net sales									1,127,555	1,105,996	919,363
MC \| NORTH AMERICA
Segment Reporting Information
Net sales									170,816	158,627	133,653
MC \| TAIWAN
Segment Reporting Information
Net sales									234,078	305,899	225,086
MC \| SOUTH KOREA
Segment Reporting Information
Net sales									120,036	129,750	114,211
MC \| JAPAN
Segment Reporting Information
Net sales									219,340	183,485	161,569
MC \| CHINA
Segment Reporting Information
Net sales									229,689	184,609	164,471
MC \| EUROPE
Segment Reporting Information
Net sales									93,059	85,696	70,011
MC \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									60,537	57,930	50,362
AMH
Segment Reporting Information
Net sales									758,648	846,492	704,946
AMH \| NORTH AMERICA
Segment Reporting Information
Net sales									231,833	265,510	219,853
AMH \| TAIWAN
Segment Reporting Information
Net sales									124,573	151,663	111,968
AMH \| SOUTH KOREA
Segment Reporting Information
Net sales									104,957	121,726	105,493
AMH \| JAPAN
Segment Reporting Information
Net sales									42,991	59,278	51,267
AMH \| CHINA
Segment Reporting Information
Net sales									140,245	119,325	97,157
AMH \| EUROPE
Segment Reporting Information
Net sales									79,923	88,405	89,121
AMH \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									34,126	40,585	30,087
Inter-segment elimination
Segment Reporting Information
Net sales									(51,744)	(50,663)	(36,707)
Inter-segment elimination \| NORTH AMERICA
Segment Reporting Information
Net sales									(51,744)	(50,663)	(36,707)
Inter-segment elimination \| TAIWAN
Segment Reporting Information
Net sales									0	0	0
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
Materials Solutions MS
Segment Reporting Information
Net sales									1,689,467	1,380,208	711,291
Materials Solutions MS \| NORTH AMERICA
Segment Reporting Information
Net sales									540,347	422,185	208,997
Materials Solutions MS \| TAIWAN
Segment Reporting Information
Net sales									231,982	202,565	117,056
Materials Solutions MS \| SOUTH KOREA
Segment Reporting Information
Net sales									218,192	162,601	97,568
Materials Solutions MS \| JAPAN
Segment Reporting Information
Net sales									104,977	107,239	89,767
Materials Solutions MS \| CHINA
Segment Reporting Information
Net sales									196,970	198,022	102,791
Materials Solutions MS \| EUROPE
Segment Reporting Information
Net sales									229,368	150,914	50,136
Materials Solutions MS \| SOUTHEAST ASIA
Segment Reporting Information
Net sales									$ 167,631	$ 136,682	$ 44,976

Goodwill and Intangible Assets Goodwill additional (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 3,945,860	$ 4,408,331	$ 793,702

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Basic earnings per share-Weighted common shares outstanding	149,900	142,294	135,411
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,045	852	1,163
Diluted earnings per share-Weighted common shares outstanding	150,945	143,146	136,574

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill activity for each of the Company’s reportable segments, Materials Solutions (“MS”), Microcontamination Control (“MC”), and Advanced Materials Handling (“AMH”), for the years ended December 31, 2023 and 2022 is shown below:


(In thousands)	MS		MC		AMH		Total
December 31, 2021	$	470,875	$	248,725	$	74,102	$	793,702
Addition due to acquisitions	3,628,457		—		—		3,628,457
Purchase accounting adjustments	5		—		—		5

Goodwill included in assets held-for-sale	(8,822)		—		—		(8,822)
Foreign currency translation	1,626		(6,637)		—		(5,011)
December 31, 2022	4,092,141		242,088		74,102		4,408,331
Goodwill impairment	(115,217)		—		—		(115,217)
Disposition of businesses	(340,643)		—		—		(340,643)
Purchase accounting adjustments	(1,021)		—		—		(1,021)
Goodwill included in assets held-for-sale	(3,885)		—		—		(3,885)
Foreign currency translation	(25)		(1,680)		—		(1,705)
December 31, 2023	$	3,631,350	$	240,408	$	74,102	$	3,945,860

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Identifiable intangible assets at December 31, 2023 and 2022 consist of the following:


2023
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	$	1,256,469	$	455,720	$	800,749	7.2
Trademarks and trade names	172,031		37,877		134,154		14.0
Customer relationships	630,743		293,782		336,961		14.0
In-process research and development (1)	7,100		—		7,100
Other	23,924		20,919		3,005		5.6
	$	2,090,267	$	808,298	$	1,281,969	9.7


2022
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	$	1,302,101	$	313,876	$	988,225	7.3
Trademarks and trade names	250,473		29,565		220,908		14.3
Customer relationships	863,947		273,039		590,908		15.4
In-process research and development (1)	31,100		—		31,100
Other	31,206		20,392		10,814		4.3
	$	2,478,827	$	636,872	$	1,841,955	10.8

(1) Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the useful life and begin amortizing the assets.

Amortization of Intangibles

The table below sets forth the amortization expense for finite-lived intangible assets for the years ended December 31, 2023, 2022, and 2021:


(In thousands)	2023		2022		2021
Amortization expense	$	214,477	$	143,953	$	47,856

Estimated Future Amortization Expense


(In thousands)	2024		2025	2026	2027	2028	Thereafter	Total
Future amortization expense	$	191,213	185,102	182,265	178,479	175,983	368,927	$	1,281,969

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Fair Value Measures and Disclosures (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Assets	$ 8,812,591	$ 10,138,857	$ 3,191,896
Long-term Debt, Fair Value	4,536,238	5,428,900
Total long-term debt	4,577,141	5,784,893
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	456,929	561,559
Restricted cash	0	1,880
Total Assets	$ 456,929	$ 563,439
Derivative financial instruments - Forward exchange contracts
Liabilities
Fair Value, Inputs, Level 1 \| Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments -Forward exchange contracts
Fair Value, Inputs, Level 1 \| Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	$ 0	$ 0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Total Assets	$ 24,069	$ 47,315
Derivative financial instruments - Forward exchange contracts
Liabilities
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments -Forward exchange contracts
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	$ 24,069	$ 46,589
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Total Assets	$ 0	$ 0
Derivative financial instruments - Forward exchange contracts
Liabilities
Fair Value, Inputs, Level 3 [Member] \| Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments -Forward exchange contracts
Fair Value, Inputs, Level 3 [Member] \| Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	$ 0	$ 0
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	456,929	561,559
Restricted cash	0	1,880
Total Assets	$ 480,998	$ 610,754
Derivative financial instruments - Forward exchange contracts
Liabilities
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member] \| Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments -Forward exchange contracts
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member] \| Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	$ 24,069	$ 46,589

Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment
Land	$ 44,177	$ 62,192
Buildings and improvements	779,589	490,903
Manufacturing equipment	685,504	569,224
Canisters and cylinders	186,231	168,516
Molds	83,745	76,388
Office furniture and equipment	299,438	330,284
Construction in progress	297,448	465,923
Total property, plant and equipment	2,376,132	2,163,430
Less accumulated depreciation	908,089	770,093
Property, plant and equipment, net	$ 1,468,043	$ 1,393,337	$ 654,098
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

Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 are shown below:


(In thousands)	2023		2022
Balance at beginning of year	$	28,035	$	17,494
Liabilities assumed in acquisitions	—		12,531
Liabilities settled	(7,254)		(453)
Liabilities incurred	2,869		788
Accretion expense	139		213
Disposition	—		(2,815)
Revision of estimate	(2,074)		277
Balance at end of year	$	21,715	$	28,035

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current, Federal	$ 10,835	$ 39,216	$ 9,187
Current, State	1,267	4,077	2,939
Current, Foreign	125,091	97,611	76,257
Current, Total	137,193	140,904	88,383
Deferred (net of valuation allowance), Federal	(135,408)	(90,238)	(11,726)
Deferred (net of valuation allowance), State	(5,829)	(5,749)	(498)
Deferred (net of valuation allowance), Foreign	(4,369)	(6,757)	(6,209)
Deferred Income Tax Expense (Benefit)	(145,606)	(102,744)	(18,433)
Income tax expense	$ (8,413)	$ 38,160	$ 69,950

Income Taxes - Reconciliations of Total Amount of Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits at beginning of year	$ 53,478	$ 23,789
Unrecognized Tax Benefits, Increase Resulting from Acquisition	0	24,452
Increase in tax positions for prior years	242	175
Increase in tax positions from prior years	0	(248)
Increases in tax positions for current year	17,111	13,577
Increases in tax positions for current year	0	(6,395)
Lapse in statute of limitations	(3,114)	(1,872)
Gross unrecognized tax benefits at end of year	$ 67,717	$ 53,478

Consolidated Statements Of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Treasury Stock	Additional paid-in capital	Retained earnings (deficit)	Foreign currency translation adjustments	Defined benefit pension adjustments	Interest Rate Swap -Cash Flow Hedge
Shares, Issued		135,149
Balance	$ 1,379,494	$ 1,351	$ (7,112)	$ 844,850	$ 577,833	$ (36,588)	$ (840)	$ 0
Shares, Outstanding, Balance at Dec. 31, 2020		134,947	(202)
Shares issued under stock plans (in shares)		1,133
Shares issued under stock plans	8,654	$ 11	$ 0	8,643	0	0	0	0
Share-based compensation expense	29,884	0	0	29,884	0	0	0	0
Repurchase and retirement of common stock	(67,109)	$ (5)	0	(3,547)	(63,557)	0	0	0
Repurchase and retirement of common stock (in shares)		563
Dividends, Common Stock, Cash	(43,611)	$ 0	0	15	(43,626)	0	0	0
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	0
Pension liability adjustment	(382)	0	0	0	0	0	(382)	0
Foreign currency translation	(2,275)	0	0	0	0	(2,275)	0	0
Net income	409,126	$ 0	$ 0	0	409,126	0	0	0
Shares, Outstanding, Balance at Dec. 31, 2021		135,517	(202)
Shares, Issued		135,719
Balance	1,713,781	$ 1,357	$ (7,112)	879,845	879,776	(38,863)	(1,222)	0
Shares issued under stock plans (in shares)		692
Shares issued under stock plans	(6,652)	$ 7	0	(6,659)	0	0	0	0
Share-based compensation expense	66,578	$ 0	0	66,578	0	0	0	0
Stock Issued During Period, Shares, Acquisitions		12,928
Issuance of common stock in connection with CMC Materials acquisition	1,265,690	$ 129	0	1,265,561	0	0	0	0
Dividends, Common Stock, Cash	(57,305)	0	0	0	(57,305)	0	0	0
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	36,069	0	0	0	0	0	0	36,069
Pension liability adjustment	1,139	0	0	0	0	0	1,139	0
Foreign currency translation	(10,220)	0	0	0	0	(10,220)	0	0
Net income	208,920	$ 0	$ 0	0	208,920	0	0	0
Shares, Outstanding, Balance at Dec. 31, 2022		149,137	(202)
Shares, Issued		149,339
Balance	3,218,000	$ 1,493	$ (7,112)	2,205,325	1,031,391	(49,083)	(83)	36,069
Shares issued under stock plans (in shares)		1,227
Shares issued under stock plans	38,684	$ 13	0	38,671	0	0	0	0
Share-based compensation expense	61,371	0	0	61,371	0	0	0	0
Dividends, Common Stock, Cash	(60,295)	0	0	0	(60,295)	0	0	0
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	(17,435)	0	0	0	0	0	0	(17,435)
Pension liability adjustment	397	0	0	0	0	0	397	0
Foreign currency translation	(12,797)	0	0	0	0	(12,797)	0	0
Net income	180,669	$ 0	$ 0	0	180,669	0	0	0
Shares, Outstanding, Balance at Dec. 31, 2023		150,364	(202)
Shares, Issued		150,566
Balance	$ 3,408,594	$ 1,506	$ (7,112)	$ 2,305,367	$ 1,151,765	$ (61,880)	$ 314	$ 18,634

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Open Forward Foreign Currency Contract

The Company enters into foreign exchange contracts in an effort to mitigate the risks associated with currency fluctuations on certain foreign currency balance sheet exposures. These foreign exchange contracts do not qualify for hedge accounting. The

Company recognizes the change in fair value of its foreign currency forward contracts in the consolidated statement

of operations.

The notional amounts of our derivative instruments are as follows:


(In thousands)	December 31, 2023		December 31, 2022
Derivatives designated as hedging instruments:
Interest rate swap contract - Cash flow hedge	$	1,350,000	$	1,950,000


Derivatives not designated as hedging instruments:
Foreign exchange contracts to purchase U.S. dollars	$	—	$	3,995
Foreign exchange contracts to sell U.S. dollars	—		26,255

Fair Value, by Balance Sheet Grouping

The fair values of our derivative instruments included in the consolidated balance sheets are as follows:


(In thousands)	Derivative Assets				Derivative Liabilities
Consolidated Balance Sheet Location	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022
Derivatives designated as hedging instruments - Interest rate swap contract -cash flow hedge
Other current assets	$	21,451	$	32,481	$	—	$	—
Other assets - long-term	2,618		14,108		—		—
Derivatives not designated as hedging instruments -Foreign exchange contracts
Other current assets	$	—	726		$	—	$	—
Other accrued liabilities	—		—		—		193

Schedule of Other Operating Cost and Expense, by Component

The following table summarizes the effects of our derivative instruments on our consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	Consolidated Statements of Operations Location	(Gain) Loss Recognized in Condensed Consolidated Statements of Income
Derivatives designated as hedging instruments:		2023		2022		2021
Interest rate swap contract-cash flow hedge	Interest expense, net	$	(37,220)	$	—	$	—

Derivatives not designated as hedging instruments:		2023		2022		2021
Foreign exchange contracts	Other expense, net	$	(374)	$	(3,435)	$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the effects of our derivative instruments on Accumulated Other Comprehensive (Loss) Income for the years ended December 31, 2023, 2022 and 2021:


	Gain (Loss) recognized in Other Comprehensive Income (Loss)
(In thousands)	2023		2022		2021
Derivatives designated as hedging instruments:
Interest rate swap contract - Cash flow hedge	$	(17,435)	$	36,069	$	—

We expect approximately $21.5 million to be reclassified from Accumulated other comprehensive (loss) income into Interest expense, net during the next twelve months related to our interest rate swap based on projected rates of the SOFR forward curve as of December 31, 2023.

Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2023

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]

Restricted Assets Disclosure

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheet that sum to the total of the same amounts shown in the consolidated statement of cash flows.


(In thousands)	December 31, 2023		December 31, 2021
Cash and cash equivalents	$	456,929	$	561,559
Restricted cash	—		1,880
Total cash, cash equivalents and restricted cash	$	456,929	$	563,439

The restricted cash represents cash held in a “Rabbi” trust. CMC Materials’ change in control severance protection agreements required CMC Materials to establish a Rabbi trust prior to its acquisition by the Company and to fully fund the trust to cover all the severance benefits that would become payable under the agreements. The Company had no restricted cash as of December 31, 2023.

Other Income (Expense), Net (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 10, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Termination fee, net		$ (10,876)	$ 0	$ 0
Loss on foreign currency remeasurement		5,718	23,034	7,857
Extinguishment of Debt, Gain (Loss), Net of Tax		29,896	3,287	23,338
Other, net		629	(2,395)	500
Other expense, net		$ 25,367	$ 23,926	$ 31,695
Transaction advisor fee	$ 1,100

Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt at December 31, 2023 and 2022 consists of the following:


(In thousands)	2023		2022
Senior secured term loan due 2029 (1)	$	1,373,774	$	2,495,000
Senior secured notes due 2029 at 4.75%	1,600,000		1,600,000
Senior unsecured notes due 2030 at 5.95%	895,000		895,000
Senior unsecured notes due 2029 at 3.625%	400,000		400,000
Senior unsecured notes due 2028 at 4.375%	400,000		400,000
Bridge Credit Facility due 2023	—		135,000
Revolving facility due 2027 (2)	—		—
	$	4,668,774	$	5,925,000
Unamortized discount and debt issuance costs	91,633		140,107
Total debt, net	$	4,577,141	$	5,784,893
Less short-term debt, including current portion of long-term debt	—		151,965
Total long-term debt, net	$	4,577,141	$	5,632,928

Schedule of Maturities of Long-term Debt

Annual maturities of long-term debt, excluding unamortized discount and issuance costs, due as of December 31, 2023 are as follows:


(In thousands)	2024		2025	2026	2027	2028	Thereafter	Total
Contractual debt obligation maturities*	$	—	—	—	—	400,000	4,268,774	$	4,668,774

Debt - Maturity Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 0
2025	0
2026	0
2027	0
2028	400,000
Thereafter	4,268,774
Long-term Debt, Gross	$ 4,668,774	$ 5,925,000

Income Taxes - Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (457,888)	$ (272,365)	$ 137,145
Foreign	630,558	519,445	341,931
Income before income tax (benefit) expense	$ 172,670	$ 247,080	$ 479,076

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Lease Commitments

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessee, Finance Leases

As of December 31, 2023, the Company was obligated under operating and finance lease agreements for certain office space and manufacturing facilities, manufacturing equipment, vehicles, information technology equipment and warehouse space. Our leases have remaining lease terms of 1 year to 30 years, some of which may include options to extend the lease for up to 10 years, and some of which may include options to terminate the leases within 1 year.

As of December 31, 2023 and 2022, the Company’s operating and financing lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheets as follows, together with certain supplemental balance sheet information:


(In thousands)	Classification	2023			2022
Assets
Right-of-use assets:
Operating lease	Right-of-use assets	57,990			79,228
Finance lease	Right-of-use assets	22,409			15,712
Total right-of-use assets		$	80,399		$	94,940
Liabilities
Short-term lease liability:
Operating lease	Other accrued liabilities	14,475			18,013
Finance lease	Other accrued liabilities	1,880			1,012
Total short-term lease liability		$	16,355		$	19,025
Long-term lease liability:
Operating leases	Long-term lease liability	49,719			68,091
Finance leases	Long-term lease liability	19,267			12,625
Total long-term lease liability		$	68,986		$	80,716
Total lease liabilities		$	85,341		$	99,741
Lease Term and Discount Rate
Weighted average remaining lease term (years) - Operating leases		6.9			7.2
Weighted average remaining lease term (years) - Finance leases		14.7			11.3
Weighted average discount rate - Operating leases		4.2		%	4.1		%
Weighted average discount rate - Finance leases		5.0		%	4.4		%

Expense for leases less than 12 months for the year ended December 31, 2023, 2022 and 2021 were not material. The components of lease expense for the year ended December 31, 2023, 2022 and 2021 are as follows:


(In thousands)	2023		2022		2021
Operating lease cost	$	18,107	$	17,997	$	13,127
Finance lease cost :
Amortization of ROU assets	1,841		1,213		408
Interest on lease liabilities	821		401		155

The Company combines the amortization of the right-of-use 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 for the year ended December 31, 2023, 2022 and 2021 are as follows:


(In thousands)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows - Operating leases	$	18,528	$	14,916	$	11,009
Cash flows - Finance leases	2,164		1,300		502
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	6,155	$	16,241	$	31,492
Finance leases	8,806		7,357		—

Future minimum lease payments for noncancellable leases as of December 31, 2023, were as follows:


(In thousands)	Operating leases		Finance leases
One Year	$	17,624	$	2,719
Two Years	13,507		2,325
Three Years	9,662		2,214
Four Years	7,753		2,209
Five Years	5,907		2,244
Beyond Five Years	20,406		19,271
Total minimum lease payments	$	74,859	$	30,982
Less: Interest	10,665		9,835
Present value of lease liabilities	$	64,194	$	21,147

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Expected federal income tax at statutory rate	$ 36,261	$ 51,887	$ 100,606
State income taxes before valuation allowance, net of federal tax effect	(9,374)	(5,907)	(1,333)
Effect of foreign source income	(18,383)	(7,607)	(15,862)
Tax contingencies	11,048	5,762	4,696
Valuation allowance	9,032	8,052	9,984
U.S. federal research credit	(18,679)	(13,525)	(8,469)
Equity compensation	7,431	5,290	(8,899)
Effective Income Tax Rate Reconciliation, FDII, Amount	(5,144)	(15,265)	(6,496)
Legal entity restructuring capital loss	0	0	(5,079)
Acquisition related retention, severance, and transaction costs	0	8,924	0
Legal entity divestiture activity	(20,311)	0	0
Other items, net	(294)	549	802
Income tax expense	$ (8,413)	$ 38,160	$ 69,950

Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases balance sheet


(In thousands)	Classification	2023			2022
Assets
Right-of-use assets:
Operating lease	Right-of-use assets	57,990			79,228
Finance lease	Right-of-use assets	22,409			15,712
Total right-of-use assets		$	80,399		$	94,940
Liabilities
Short-term lease liability:
Operating lease	Other accrued liabilities	14,475			18,013
Finance lease	Other accrued liabilities	1,880			1,012
Total short-term lease liability		$	16,355		$	19,025
Long-term lease liability:
Operating leases	Long-term lease liability	49,719			68,091
Finance leases	Long-term lease liability	19,267			12,625
Total long-term lease liability		$	68,986		$	80,716
Total lease liabilities		$	85,341		$	99,741
Lease Term and Discount Rate
Weighted average remaining lease term (years) - Operating leases		6.9			7.2
Weighted average remaining lease term (years) - Finance leases		14.7			11.3
Weighted average discount rate - Operating leases		4.2		%	4.1		%
Weighted average discount rate - Finance leases		5.0		%	4.4		%

Lease, Cost


(In thousands)	2023		2022		2021
Operating lease cost	$	18,107	$	17,997	$	13,127
Finance lease cost :
Amortization of ROU assets	1,841		1,213		408
Interest on lease liabilities	821		401		155

Leases , Cash Flow Information


(In thousands)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows - Operating leases	$	18,528	$	14,916	$	11,009
Cash flows - Finance leases	2,164		1,300		502
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	6,155	$	16,241	$	31,492
Finance leases	8,806		7,357		—

Lessee, Liability, Maturity

Future minimum lease payments for noncancellable leases as of December 31, 2023, were as follows:


(In thousands)	Operating leases		Finance leases
One Year	$	17,624	$	2,719
Two Years	13,507		2,325
Three Years	9,662		2,214
Four Years	7,753		2,209
Five Years	5,907		2,244
Beyond Five Years	20,406		19,271
Total minimum lease payments	$	74,859	$	30,982
Less: Interest	10,665		9,835
Present value of lease liabilities	$	64,194	$	21,147

Acquisition

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Business Combination Disclosure

CMC Materials, Inc.

On July 6, 2022 (the “Closing Date”), the Company completed its acquisition of CMC Materials, Inc. (“CMC Materials”), a Delaware corporation, for approximately $6.0 billion in cash and stock (the “Acquisition”) pursuant to an Agreement and Plan of Acquisition dated as of December 14, 2021 (the “Acquisition Agreement”). As a result of the Acquisition, CMC Materials became a wholly owned subsidiary of the Company. The Acquisition was accounted for under the acquisition method of accounting and the results of operations of CMC Materials are included in the Company's consolidated financial statements as of and since July 6, 2022. CMC Materials reports into the MS segment of the Company. Direct costs of $39.5 million associated with the acquisition of CMC Materials, consisting primarily of professional and consulting fees, were expensed as incurred in the twelve months ended December 31, 2022, respectively. These costs are classified as selling, general and administrative expense in the Company's consolidated statement of operations. The amounts of net sales and net loss from CMC Materials since the acquisition date included in the consolidated statement of operations for the twelve months ended December 31, 2022 are $581.0 million and $75.8 million, respectively.

CMC Materials is a global supplier of consumable materials, primarily to semiconductor manufacturers. The Company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. The acquisition was executed to expand the Company’s product offering base and technological base, to better serve its customers, to enhance the Company’s materials and process solutions for the most advanced manufacturing environments and to help customers improve productivity, performance and total cost of ownership.

The purchase price of CMC Materials consisted of the following:


(In thousands)
Cash paid to CMC Materials’ shareholders	$	3,836,983
Stock paid to CMC Materials’ shareholders	1,265,690
Repayment of CMC Materials’ indebtedness	918,578
Total purchase price	6,021,251
Less cash and cash equivalents acquired	280,636
Total purchase price, net of cash acquired	$	5,740,615

Under the terms of the Acquisition Agreement, the Company paid $133.00 per share for all outstanding shares of CMC Materials (excluding treasury shares). In addition, the Company settled all outstanding share-based compensation awards held by CMC Materials’ employees at the same per share price except for certain unvested performance units that were replaced by the Company’s restricted share units. The acquisition method of accounting requires the Company to include the amount associated with pre-combination service as purchase price for the acquisition, reflected in the table immediately above.

The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $275.0 million (collectively “CMC Materials Acquisition Financing”).


(In thousands)	As of July 6, 2022
Cash and cash equivalents	$	280,636
Accounts receivable and other current assets	207,472
Inventory	256,598
Property, plant and equipment	537,387
Identifiable intangible assets	1,736,219
Other noncurrent assets	39,725
Current liabilities	(211,417)
Deferred tax liabilities and other noncurrent liabilities	(452,805)
Net assets acquired	2,393,815
Goodwill	3,627,436
Total purchase price	$	6,021,251

The final valuation of assets acquired and liabilities assumed in connection with the Acquisition was completed in the second

quarter of 2023.

The fair value of acquired inventories was $256.6 million and was 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 finished goods inventory was $61.9 million. This amount was recorded as an incremental cost of sales charge, amortized over the expected turn of the acquired inventory, during the year ended December 31, 2022.

The fair value of acquired property, plant and equipment of $537.4 million is valued at its fair value assuming held and used, unless market data was available supporting the fair value.

The Company recognized the following intangible assets as part of the acquisition of CMC Materials and finite lived assets will be amortized on a straight-line basis:


(In thousands)	Amount		Weighted average life in years
Developed technology	$	1,043,000	7.3
Trademarks and trade names	236,600		14.9
Customer relationships	414,300		18.3
In-process research and development(1)	31,400
Other	10,919		1.2
	$	1,736,219	11.0

(1) In-process research and development assets are treated as indefinite-lived until the completion or abandonment of the associated research and development project, at which time the appropriate useful lives would be determined.

The fair value of acquired identifiable finite intangible assets was determined using an income method, which utilizes discounted cash flows to fair value each of the identifiable intangible assets. The Company normally utilizes the “income method,” which starts with a forecast of all of the expected future net cash flows attributable to the subject intangible asset. These cash flows are then adjusted to present value by applying an appropriate discount rate that reflects the risk factors associated with the cash flow streams. Depending on the asset valued, the key assumptions included one or more of the following: (1) future revenue growth rates, (2) future gross margin, (3) future selling, general and administrative expenses, (4) royalty rates, and (5) discount rates. 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 CMC Materials exceeded the fair value of the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $3,627.4 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 tax purposes.

Pro Forma Results (Unaudited)


	Year Ended
(In thousands)	December 31, 2022		December 31, 2021
Net sales	$	3,920,850	$	3,518,893
Net income (loss)	292,867		(145,732)

Per share amounts:
Net income (loss) per common share - basic	$	1.97	$	(0.98)
Net income (loss) per common share - diluted	$	1.95	$	(0.98)

The unaudited pro forma financial information above gives effect to the following:

•The elimination of transactions between Entegris and CMC Materials, which upon completion of the Acquisition would be considered intercompany transactions. This reflects the elimination of intercompany sales and associated intercompany accounts.

•Incremental amortization and depreciation expense related to the estimated fair value of identifiable intangible assets and property, plant and equipment from the purchase price allocation.

•Interest expense on the new debt raised to fund in part the consideration paid to effect the Acquisition using the effective interest rates.

•The elimination of interest expense, net of the gain on the termination of two swap instruments which were terminated on June 24, 2022 associated with the extinguished CMC Materials’ debt outstanding.

•The elimination of interest expense associated with the repayment of the $145.0 million senior secured term loan facility due 2025.

•The amortization of deferred financing costs and original issue discount associated with the aggregate new debt facilities.

•Transaction and integration costs directly attributable to the Acquisition were reclassed as of the beginning of the comparable prior annual reporting period.

•The incremental pro forma stock-based compensation expense for accelerated vesting upon the change in control for stock options, restricted stock units, restricted stock shares, phantom units, and other deferred restricted stock units.

•The additional cost of goods sold recognized in connection with the write-up of acquired finished goods inventory of $61.9 million. The write-up is recognized in cost of sales as the inventory is sold, which for purposes of these pro forma financial statements is assumed to occur within the first quarter after the Acquisition.

•The income tax effect of the transaction accounting adjustments related to the Acquisition calculated using a blended statutory income tax rate of 22.5%.

Summary of Restricted Stock Activity (Detail) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of shares
Number of shares, Unvested, beginning of year	844	897	1,083
Number of shares, Granted	640	366	293
Assumed in CMC acquisition Restricted Stock Units	0	155	0
Number of shares, Vested	(389)	(523)	(439)
Number of shares, Forfeited	(90)	(51)	(40)
Number of shares, Unvested, end of year	1,005	844	897
Weighted average grant date fair value, Unvested
Weighted average grant date fair value, Unvested, beginning of year	$ 90.37	$ 62.69	$ 41.31
Weighted average grant date fair value, Granted	80.45	117.82	101.04
Weighted average grant date fair value, Restricted stock units assumed in acquisition.	0	92.96	0
Weighted average grant date fair value, Vested	78.17	64.77	35.58
Weighted average grant date fair value, Forfeited	89.23	85.16	57.39
Weighted average grant date fair value, Unvested, end of year	$ 89.08	$ 90.37	$ 62.69

Trade Accounts and Notes Receivable

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 consist of the following:


(In thousands)	2023		2022
Accounts receivable	$	457,566	$	536,256
Notes receivable	5,898		4,672
Total trade accounts and notes receivable	463,464		540,928
Less allowance for credit losses	6,412		5,443
Trade accounts and notes receivable, net	$	457,052	$	535,485

Equity - Weighted Average Assumptions Used in Valuation (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Volatility	46.50%	40.90%	38.00%
Risk-free interest rate	3.70%	1.50%	0.40%
Dividend yield	0.50%	0.30%	0.30%
Expected life (years)	4 years 8 months 12 days	4 years 2 months 12 days	4 years 7 months 6 days
Weighted average fair value per option	$ 34.40	$ 43.47	$ 30.69

Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories at December 31, 2023 and 2022 consist of the following:


(In thousands)	2023		2022
Raw materials	$	248,656	$	337,576
Work-in-process	49,704		60,182
Finished goods (1)	308,691		415,057
Inventories, net	$	607,051	$	812,815

(1) Includes consignment inventories held by customers of $20.8 million and $46.2 million at December 31, 2023 and 2022, respectively.

Expected Contribution and Benefit Payments (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Payments in Year 2023	$ 700
Payments in Year 2024	976
Payments in Year 2025	404
Payments in Year 2026	453
Payments in year 2027	641
Payments in years 2028-2032	$ 3,029

Income Taxes - Singapore subsidiary commitments (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax [Line Items]
Undistributed Earnings of Foreign Subsidiaries	$ 136,000
withholding tax	16,100
Inland Revenue, Singapore (IRAS) [Member]
Income Tax [Line Items]
Income tax benefit estimate attributable to the tax status of subsidiary	$ 19,700	$ 24,800	$ 13,900
Income tax expense benefit per diluted share	$ 0.13	$ 0.17	$ 0.10
additional effective tax rate benefit	$ 12,100	$ 14,200	$ 8,000

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Entegris, Inc. (“Entegris”, the “Company”, “we”, or “our”) is a leading supplier of advanced materials and process solutions for 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. Reclassifications of certain prior year amounts have been made to conform to the current year presentation.
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 approximate fair value.
Allowance For Doubtful Accounts	Allowance for Credit Losses 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 credit losses 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. The Company records a charge to cost of sales for excess and obsolete inventory to reduce the carrying value of inventories to net realizable value.
Leases	Leases The Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets include operating and financing leases. Short-term operating lease liabilities are classified in “Other accrued liabilities” and Long-term operating lease liabilities are classified in “Long-term lease liability - Operating lease” in the consolidated balance sheet. Short-term finance leases are classified in “Other accrued liabilities” and long-term finance lease liabilities are classified in “Long-term lease liability - Finance lease” in our consolidated balance sheet. Lease assets and liabilities greater than 12 months 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 include prepaid lease payments and exclude 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. Leases with an original term of 12 months or less are not recorded in the accompanying consolidated balance sheet. 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 using 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. Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level hierarchy for disclosure is based on the extent and level of judgment used to estimate fair value. Level 1 inputs consist of valuations based on quoted market prices in active markets for identical assets or liabilities. Level 2 inputs consist of valuations based on quoted prices for similar assets or liabilities, quoted prices for identical assets or liabilities in an inactive market, or other observable inputs. Level 3 inputs consist of valuations based on unobservable inputs that are supported by little or no market activity.
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. In the third quarter of 2023, a triggering event was identified when the Company announced the combination of the Specialty Chemical and Engineered Materials and Advanced Planarization Solutions reportable segments into one reportable segment called Materials Solutions, resulting in a change to the reporting units for purposes of goodwill impairment evaluation. In assessing the fair value of the reporting units before and after the change the Company utilized a discounted cash flow model and certain market information to determine the fair value. The Company determined no impairment of goodwill related to the change in reporting units. The Company performed its annual goodwill impairment test as of August 31, 2023. No impairment charge was identified in connection with the annual goodwill impairment test with respect to the Company’s reporting unit. 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 is exposed to various market risks, including risks associated with interest rates and foreign currency exchange rates. We enter into certain derivative transactions to mitigate the volatility associated with these exposures. We have policies in place that define acceptable instrument types we may enter into and we have established controls to limit our market risk exposure. We do not use derivative financial instruments for trading or speculative purposes. In addition, all derivatives, whether designated in hedging relationships or not, are recorded on the consolidated balance sheets at fair value on a gross basis. Interest Rate Swap The fair value of the interest rate swap is estimated using standard valuation models using market-based observable inputs over the contractual term, including one-month Secured Overnight Financing Rate (“SOFR”) based yield curves, among others. We consider the risk of nonperformance, including counterparty credit risk, in the calculation of the fair value. We have designated this swap agreement as a cash flow hedge. As a cash flow hedge, unrealized gains are recognized as assets and unrealized losses are recognized as liabilities. Unrealized gains and losses are designated as effective or ineffective based on a comparison of the changes in fair value of the interest rate swap and changes in fair value of the underlying exposures being hedged. The effective portion is recorded as a component of accumulated other comprehensive loss, while the ineffective portion is recorded as a component of Interest expense. Changes in the method by which we pay interest from one-month SOFR to another rate of interest could create ineffectiveness in the swap, and result in amounts being reclassified from other comprehensive income (loss) into net income. Hedge effectiveness is tested quarterly to determine if hedge treatment is appropriate. Realized gains and losses are recorded on the same financial statement line as the hedged item, which is Interest expense. Foreign Currency Contracts Not Designated as Hedges On a periodic basis, we enter into forward foreign exchange contracts in an effort to mitigate the risks associated with currency fluctuations on certain foreign currency balance sheet exposures. These foreign exchange contracts do not qualify for hedge accounting; therefore, the gains and losses resulting from the impact of currency exchange rate movements on our forward foreign exchange contracts are recognized as Other expense (income), net in the accompanying consolidated statements of operations in the period in which the exchange rates change.
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 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 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 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 with respect to deferred revenue in Note 2 to the consolidated financial statements. The Company does not disclose information about remaining performance obligations that have original expected durations of one year or less. 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 21 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. All material revenue is being recognized at a point in time. The Company generally recognizes revenue for sales of services when the Company has satisfied the performance obligation. The payment terms and revenue recognized are 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 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 until the performance obligations are satisfied.
Engineering,Research and Development Expenses	Engineering, Research and Development Expenses Engineering, research and development expenses 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. Share-based 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. Awards issued to employees who are retirement eligible or nearing retirement eligibility are expensed on an accelerated basis. Government Grants The Company entered into certain incentive arrangements with the state of Colorado. We account for funds we receive from government grants by either reducing the costs of the assets (if the grant relates to capital expenditures) or expenses which could be Cost of goods sold, Selling, general and administrative, and Research and development expenses in the consolidated statements of income once the conditions and restrictions of the grant have been met and payment has been received. As of December 31, 2023, the Company did not record any incentives from these agreements since it had not satisfied all the conditions under the respective agreements.
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 Comprehensive income 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, interest rate swap - cash flow hedge and minimum pension adjustments are included in accumulated other comprehensive loss. Comprehensive income and the components of accumulated other comprehensive loss are presented in the accompanying consolidated statements of comprehensive income and consolidated statements of equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2023 The Company believes that no recently issued accounting standards will have a material impact on its Consolidated Financial statements, or apply to its operations. Recent Accounting Pronouncements Yet to be Adopted In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures", which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for our annual periods beginning in fiscal year 2024 and interim periods beginning in the first quarter of fiscal year 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. Early adoption is permitted. The updated standard is effective for our annual periods beginning in fiscal year 2025. The Company is currently evaluating the impact of this standard on our consolidated financial statements and related disclosures. The Company currently has no other material recent accounting pronouncements yet to be adopted.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets


(In thousands)	MS		MC		AMH		Total
December 31, 2021	$	470,875	$	248,725	$	74,102	$	793,702
Addition due to acquisitions	3,628,457		—		—		3,628,457
Purchase accounting adjustments	5		—		—		5

Goodwill included in assets held-for-sale	(8,822)		—		—		(8,822)
Foreign currency translation	1,626		(6,637)		—		(5,011)
December 31, 2022	4,092,141		242,088		74,102		4,408,331
Goodwill impairment	(115,217)		—		—		(115,217)
Disposition of businesses	(340,643)		—		—		(340,643)
Purchase accounting adjustments	(1,021)		—		—		(1,021)
Goodwill included in assets held-for-sale	(3,885)		—		—		(3,885)
Foreign currency translation	(25)		(1,680)		—		(1,705)
December 31, 2023	$	3,631,350	$	240,408	$	74,102	$	3,945,860

As of December 31, 2023, goodwill amounted to approximately $3,945.9 million, a decrease of $462.5 million from the balance at December 31, 2022. The decrease in goodwill in 2023 reflects (1) the goodwill impairment of our EC reporting unit of $104.8 million and for a small, industrial specialty chemicals business of $10.4 million, as described in Note 3, (2) the sale of the QED and EC businesses and related goodwill of the respective business of $90.0 million and $250.6 million respectively as described in Note 5, (3) purchase accounting adjustments recognized during the one-year measurement period of $1.0 million, (4) goodwill reclassified to asset held-for-sale of $3.9 million related to the PIM business as described in Note 5 and (5) foreign currency translation of $1.7 million.

Identifiable intangible assets at December 31, 2023 and 2022 consist of the following:


2023
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	$	1,256,469	$	455,720	$	800,749	7.2
Trademarks and trade names	172,031		37,877		134,154		14.0
Customer relationships	630,743		293,782		336,961		14.0
In-process research and development (1)	7,100		—		7,100
Other	23,924		20,919		3,005		5.6
	$	2,090,267	$	808,298	$	1,281,969	9.7


2022
(In thousands)	Gross carrying amount		Accumulated amortization		Net carrying value		Weighted average life in years
Developed technology	$	1,302,101	$	313,876	$	988,225	7.3
Trademarks and trade names	250,473		29,565		220,908		14.3
Customer relationships	863,947		273,039		590,908		15.4
In-process research and development (1)	31,100		—		31,100
Other	31,206		20,392		10,814		4.3
	$	2,478,827	$	636,872	$	1,841,955	10.8

The table below sets forth the amortization expense for finite-lived intangible assets for the years ended December 31, 2023, 2022, and 2021:


(In thousands)	2023		2022		2021
Amortization expense	$	214,477	$	143,953	$	47,856

The amortization expense for each of the five succeeding years and thereafter relating to finite-lived intangible assets currently recorded in the Company’s consolidated balance sheets is estimated to be the following at December 31, 2023:


(In thousands)	2024		2025	2026	2027	2028	Thereafter	Total
Future amortization expense	$	191,213	185,102	182,265	178,479	175,983	368,927	$	1,281,969

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income	$ 180,669	$ 208,920	$ 409,126
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	172,683	135,371	90,311
Amortization	214,477	143,953	47,856
Share-based compensation expense	61,371	66,577	29,884
Charge for fair value mark-up of acquired inventory sold	0	61,932	428
Provision for deferred income taxes	(145,606)	(102,744)	(18,433)
Impairment of goodwill	115,217	0	0
Loss on extinguishment of debt and modification	27,865	3,287	23,338
Loss from sale of businesses	23,839	0	0
Impairment on long-lived assets	30,464	0	0
Gain on termination of Alliance Agreement	(184,754)	0	0
Charge for excess and obsolete inventory	38,184	28,896	17,103
Amortization of debt issuance costs	21,243	15,725	1,714
Other	23,341	28,733	(4,142)
Changes in operating assets and liabilities, net of effects of acquisitions:
Trade accounts receivable and notes receivable	608	(59,643)	(86,766)
Inventories	102,751	(203,335)	(168,372)
Accounts payable and other accrued liabilities	(29,547)	4,519	53,577
Other current assets	(11,912)	(13,641)	2,870
Income taxes payable and refundable income taxes	(10,177)	21,751	(3,292)
Other	(1,154)	11,982	5,252
Net cash provided by operating activities	629,562	352,283	400,454
Investing activities:
Acquisition of property and equipment	(456,847)	(466,192)	(210,626)
Acquisition of businesses, net of cash acquired	0	(4,474,925)	(91,942)
Proceeds from sale of businesses	814,960	0	0
Proceeds from termination of alliance agreement	191,151	0	0
Other	3,807	(4,592)	4,450
Net cash used in investing activities	553,071	(4,945,709)	(298,118)
Financing activities:
Proceeds from revolving credit facility and short-term debt	0	476,000	101,000
Payments of revolving credit facility and short-term debt	(135,000)	(341,000)	(101,000)
Proceeds from long-term debt	217,449	4,940,753	400,000
Payments of long-term debt	(1,338,675)	(145,000)	(550,000)
Payments for debt issuance costs	(3,475)	(99,488)	(5,069)
Payments for debt extinguishment costs	0	0	(19,080)
Payments for dividends	(60,221)	(57,309)	(43,545)
Issuance of common stock from employee stock plans	50,792	16,168	24,744
Taxes paid related to net share settlement of equity awards	(12,108)	(22,820)	(16,090)
Repurchase and retirement of common stock	0	0	(67,109)
Other	(1,391)	(1,101)	(348)
Net cash (used in) provided by financing activities	(1,282,629)	4,766,203	(276,497)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6,514)	(11,903)	(4,167)
(Decrease) increase in cash, cash equivalents and restricted cash	(106,510)	160,874	(178,328)
Cash, cash equivalents and restricted cash at end of year	456,929	563,439	402,565
Supplemental Cash Flow Information
Equity consideration on acquisition of CMC Materials, Inc.	0	1,265,690	0
Deferred acquisition and divestiture payments, net	5,474	0	250
Equipment purchases in accounts payable	20,573	28,295	29,042
Dividends payable	730	654	658
Schedule of interest and income taxes paid:
Interest paid	287,846	164,183	46,791
Income taxes paid, net of refunds received	$ 138,875	$ 113,666	$ 88,059

Goodwill and Intangible Assets Goodwill Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill
Goodwill	$ 3,945,860	$ 3,945,860	$ 4,408,331	$ 793,702
Goodwill, Impairment Loss	(10,400)	(115,217)	0	0
Goodwill, Written off Related to Sale of Business Unit		(340,643)
Purchase accounting adjustments		(1,021)	5
Assets Held-for-sale, Long-Lived, Fair Value Disclosure	(3,885)	(3,885)	(8,822)
Foreign currency translation		(1,705)	(5,011)
Addition due to acquisition			3,628,457
Goodwill, Other Increase (Decrease)		462,500
QED [Member]
Goodwill
Goodwill	90,000	90,000
Goodwill	90,000	90,000
EC [Member]
Goodwill
Goodwill, Impairment Loss		(104,800)
MC
Goodwill
Goodwill	240,408	240,408	242,088	248,725
Goodwill, Impairment Loss		0
Goodwill, Written off Related to Sale of Business Unit		0
Purchase accounting adjustments		0	0
Assets Held-for-sale, Long-Lived, Fair Value Disclosure	0	0	0
Foreign currency translation		(1,680)	(6,637)
Addition due to acquisition			0
AMH
Goodwill
Goodwill	74,102	74,102	74,102	74,102
Goodwill, Impairment Loss		0
Goodwill, Written off Related to Sale of Business Unit		0
Purchase accounting adjustments		0	0
Assets Held-for-sale, Long-Lived, Fair Value Disclosure	0	0	0
Foreign currency translation		0	0
Addition due to acquisition			0
Materials Solutions MS
Goodwill
Goodwill	3,631,350	3,631,350	4,092,141	$ 470,875
Goodwill, Impairment Loss		115,217
Goodwill, Written off Related to Sale of Business Unit		340,643
Purchase accounting adjustments		(1,021)	5
Assets Held-for-sale, Long-Lived, Fair Value Disclosure	$ (3,885)	(3,885)	(8,822)
Foreign currency translation		$ (25)	1,626
Addition due to acquisition			$ 3,628,457

Segment Information - Sales from Largest Customer (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 812,291	$ 888,239	$ 901,000	$ 922,396	$ 946,070	$ 993,828	$ 692,489	$ 649,646	$ 3,523,926	$ 3,282,033	$ 2,298,893
TSMC
Net sales									$ 382,900	$ 408,600	$ 271,900

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

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+ Details

Trade Accounts and Notes Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts receivable	$ 457,566	$ 536,256
Notes receivable	5,898	4,672
Total trade accounts and notes receivable	463,464	540,928
Less allowance for doubtful accounts	6,412	5,443
Trade accounts and notes receivable, net	$ 457,052	$ 535,485

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Other Income (Expense), Net

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

The table below sets forth the Other expense, net for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Infineum termination fee, net	$	(10,876)	$	—	$	—
Loss on foreign currency remeasurement	5,718		23,034		7,857
Loss on extinguishment of debt and modification	29,896		3,287		23,338
Other, net	629		(2,395)		500
Other expense, net	$	25,367	$	23,926	$	31,695

Infineum termination fee, net

On October 11, 2022, the Company and Infineum entered into a definitive agreement for the sale of the Company’s PIM business. On February 10, 2023, the Company terminated the definitive agreement. In accordance with the terms of the definitive agreement, the Company received a $12.0 million termination fee from Infineum in the first quarter of 2023 and incurred a transaction fee of $1.1 million to the third-party financial adviser it had engaged to assist with the transaction.

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Entegris, Inc. (“Entegris”, the “Company”, “we”, or “our”) is a leading supplier of advanced materials and process solutions for 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. Reclassifications of certain prior year amounts have been made to conform to the current year presentation. 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 approximate fair value. Allowance for Credit Losses 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 credit losses 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. The Company records a charge to cost of sales for excess and obsolete inventory to reduce the carrying value of inventories to net realizable value. Leases The Company determines if an arrangement is a lease at inception. Right-of-use (ROU) assets include operating and financing leases. Short-term operating lease liabilities are classified in “Other accrued liabilities” and Long-term operating lease liabilities are classified in “Long-term lease liability - Operating lease” in the consolidated balance sheet. Short-term finance leases are classified in “Other accrued liabilities” and long-term finance lease liabilities are classified in “Long-term lease liability - Finance lease” in our consolidated balance sheet. Lease assets and liabilities greater than 12 months 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 include prepaid lease payments and exclude 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. Leases with an original term of 12 months or less are not recorded in the accompanying consolidated balance sheet. 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 using 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. Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The three-level hierarchy for disclosure is based on the extent and level of judgment used to estimate fair value. Level 1 inputs consist of valuations based on quoted market prices in active markets for identical assets or liabilities. Level 2 inputs consist of valuations based on quoted prices for similar assets or liabilities, quoted prices for identical assets or liabilities in an inactive market, or other observable inputs. Level 3 inputs consist of valuations based on unobservable inputs that are supported by little or no market activity. 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. In the third quarter of 2023, a triggering event was identified when the Company announced the combination of the Specialty Chemical and Engineered Materials and Advanced Planarization Solutions reportable segments into one reportable segment called Materials Solutions, resulting in a change to the reporting units for purposes of goodwill impairment evaluation. In assessing the fair value of the reporting units before and after the change the Company utilized a discounted cash flow model and certain market information to determine the fair value. The Company determined no impairment of goodwill related to the change in reporting units. The Company performed its annual goodwill impairment test as of August 31, 2023. No impairment charge was identified in connection with the annual goodwill impairment test with respect to the Company’s reporting unit. 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 is exposed to various market risks, including risks associated with interest rates and foreign currency exchange rates. We enter into certain derivative transactions to mitigate the volatility associated with these exposures. We have policies in place that define acceptable instrument types we may enter into and we have established controls to limit our market risk exposure. We do not use derivative financial instruments for trading or speculative purposes. In addition, all derivatives, whether designated in hedging relationships or not, are recorded on the consolidated balance sheets at fair value on a gross basis. Interest Rate Swap The fair value of the interest rate swap is estimated using standard valuation models using market-based observable inputs over the contractual term, including one-month Secured Overnight Financing Rate (“SOFR”) based yield curves, among others. We consider the risk of nonperformance, including counterparty credit risk, in the calculation of the fair value. We have designated this swap agreement as a cash flow hedge. As a cash flow hedge, unrealized gains are recognized as assets and unrealized losses are recognized as liabilities. Unrealized gains and losses are designated as effective or ineffective based on a comparison of the changes in fair value of the interest rate swap and changes in fair value of the underlying exposures being hedged. The effective portion is recorded as a component of accumulated other comprehensive loss, while the ineffective portion is recorded as a component of Interest expense. Changes in the method by which we pay interest from one-month SOFR to another rate of interest could create ineffectiveness in the swap, and result in amounts being reclassified from other comprehensive income (loss) into net income. Hedge effectiveness is tested quarterly to determine if hedge treatment is appropriate. Realized gains and losses are recorded on the same financial statement line as the hedged item, which is Interest expense. Foreign Currency Contracts Not Designated as Hedges On a periodic basis, we enter into forward foreign exchange contracts in an effort to mitigate the risks associated with currency fluctuations on certain foreign currency balance sheet exposures. These foreign exchange contracts do not qualify for hedge accounting; therefore, the gains and losses resulting from the impact of currency exchange rate movements on our forward foreign exchange contracts are recognized as Other expense (income), net in the accompanying consolidated statements of operations in the period in which the exchange rates change. 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 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 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 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 with respect to deferred revenue in Note 2 to the consolidated financial statements. The Company does not disclose information about remaining performance obligations that have original expected durations of one year or less. 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 21 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. All material revenue is being recognized at a point in time. The Company generally recognizes revenue for sales of services when the Company has satisfied the performance obligation. The payment terms and revenue recognized are 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 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 until the performance obligations are satisfied. Engineering, Research and Development Expenses Engineering, research and development expenses 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. Share-based 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. Awards issued to employees who are retirement eligible or nearing retirement eligibility are expensed on an accelerated basis. Government Grants The Company entered into certain incentive arrangements with the state of Colorado. We account for funds we receive from government grants by either reducing the costs of the assets (if the grant relates to capital expenditures) or expenses which could be Cost of goods sold, Selling, general and administrative, and Research and development expenses in the consolidated statements of income once the conditions and restrictions of the grant have been met and payment has been received. As of December 31, 2023, the Company did not record any incentives from these agreements since it had not satisfied all the conditions under the respective agreements. 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 Comprehensive income 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, interest rate swap - cash flow hedge and minimum pension adjustments are included in accumulated other comprehensive loss. Comprehensive income and the components of accumulated other comprehensive loss are presented in the accompanying consolidated statements of comprehensive income and consolidated statements of equity. Recent Accounting Pronouncements Adopted in 2023 The Company believes that no recently issued accounting standards will have a material impact on its Consolidated Financial statements, or apply to its operations. Recent Accounting Pronouncements Yet to be Adopted In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures", which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for our annual periods beginning in fiscal year 2024 and interim periods beginning in the first quarter of fiscal year 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. Early adoption is permitted. The updated standard is effective for our annual periods beginning in fiscal year 2025. The Company is currently evaluating the impact of this standard on our consolidated financial statements and related disclosures. The Company currently has no other material recent accounting pronouncements yet to be adopted.

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure

The Company is exposed to various market risks, including risks associated with interest rates and foreign currency exchange rates. One objective of the Company's risk management program is to mitigate these risks using derivative instruments.

Cash Flow Hedges - Interest Rate Swap Contract

In July 2022, the Company entered into a floating-to-fixed swap agreement on its variable rate debt under the Term Loan Facility. The interest rate swap was designated specifically to the Term Loan Facility, is highly effective and qualifies as a cash flow hedge. The notional amount is scheduled to decrease quarterly and will expire on December 30, 2025. As cash flow hedges, unrealized gains are recognized as assets and unrealized losses are recognized as liabilities. Unrealized gains and losses are designated as effective or ineffective based on a comparison of the changes in fair value of the interest rate swaps and changes in fair value of the underlying exposures being hedged. The effective portion is recorded as a component of accumulated other comprehensive income (loss) and will be reflected in earnings during the period the hedged transaction effects earnings, while the ineffective portion is recorded as a component of interest expense.

Foreign Currency Contracts Not Designated as Hedges

Company recognizes the change in fair value of its foreign currency forward contracts in the consolidated statement

of operations.

The notional amounts of our derivative instruments are as follows:


(In thousands)	December 31, 2023		December 31, 2022
Derivatives designated as hedging instruments:
Interest rate swap contract - Cash flow hedge	$	1,350,000	$	1,950,000


Derivatives not designated as hedging instruments:
Foreign exchange contracts to purchase U.S. dollars	$	—	$	3,995
Foreign exchange contracts to sell U.S. dollars	—		26,255

The fair values of our derivative instruments included in the consolidated balance sheets are as follows:


(In thousands)	Derivative Assets				Derivative Liabilities
Consolidated Balance Sheet Location	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022
Derivatives designated as hedging instruments - Interest rate swap contract -cash flow hedge
Other current assets	$	21,451	$	32,481	$	—	$	—
Other assets - long-term	2,618		14,108		—		—
Derivatives not designated as hedging instruments -Foreign exchange contracts
Other current assets	$	—	726		$	—	$	—
Other accrued liabilities	—		—		—		193

The following table summarizes the effects of our derivative instruments on our consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	Consolidated Statements of Operations Location	(Gain) Loss Recognized in Condensed Consolidated Statements of Income
Derivatives designated as hedging instruments:		2023		2022		2021
Interest rate swap contract-cash flow hedge	Interest expense, net	$	(37,220)	$	—	$	—

Derivatives not designated as hedging instruments:		2023		2022		2021
Foreign exchange contracts	Other expense, net	$	(374)	$	(3,435)	$	—

The following table summarizes the effects of our derivative instruments on Accumulated Other Comprehensive (Loss) Income for the years ended December 31, 2023, 2022 and 2021:


	Gain (Loss) recognized in Other Comprehensive Income (Loss)
(In thousands)	2023		2022		2021
Derivatives designated as hedging instruments:
Interest rate swap contract - Cash flow hedge	$	(17,435)	$	36,069	$	—

Leases - Lease Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Right-of-use assets - Operating lease	$ 57,990	$ 79,228
Right-of-use assets - Finance lease	22,409	15,712
Total right-of-use assets	80,399	94,940
Short-Term Lease Commitment, Amount	16,355	19,025
Long term lease liability - Operating lease	49,719	68,091
Long term lease liability - Finance lease	19,267	12,625
Total long-term lease liability	68,986	80,716
Lease liabilities	$ 85,341	$ 99,741
Operating leases	6 years 10 months 24 days	7 years 2 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	14 years 8 months 12 days	11 years 3 months 18 days
Weighted average discount rate	4.20%	4.10%
Finance Lease, Weighted Average Discount Rate, Percent	5.00%	4.40%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Right-of-use assets - Operating lease
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Right-of-use assets - Finance lease
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long term lease liability - Operating lease
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Finance Lease, Liability
Short-term lease liability:
Lessee, Lease, Description [Line Items]
Short-term lease liability	$ 14,475	$ 18,013
Finance Lease, Liability, Current	$ 1,880	$ 1,012

Lease Commitments Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Cost	$ 18,107	$ 17,997	$ 13,127
Finance Lease, Right-of-Use Asset, Amortization	1,841	1,213	408
Finance Lease, Interest Expense	$ 821	$ 401	$ 155

Commitments and Contingent Liabilities	12 Months Ended
Commitments and Contingent Liabilities	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	We are, from time-to-time, involved in various claims, proceedings and lawsuits relating to our business, employees, intellectual property and other matters. The outcomes of these legal actions are not within our complete control and may not be known for prolonged periods of time. In some actions, the claimants seek damages, as well as other relief, that could require significant expenditures or result in lost revenues. We record a liability for these legal actions when a loss is known or considered probable and the amount can be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. There is judgment required in the determination of the likelihood of outcome, and if necessary determination of the estimate or range of potential outcomes. Based on the current information, the Company does not believe any known matters have a reasonable possibility of a material amount for litigation or other contingencies related to legal proceedings.

Equity

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Equity

Dividends

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 quarterly cash dividends of $0.10 per share during 2023, payments for which totaled $60.3 million. The Company’s board of directors declared quarterly cash dividends of $0.10 per share during 2022, payments for which totaled $57.3 million. During 2021, the Company’s board of directors declared quarterly cash dividends of $0.08 per share, payments for which totaled $43.6 million.

On January 17, 2024, the Company’s board of directors declared a quarterly cash dividend of $0.10 per share to be paid on February 21, 2024 to shareholders of record as of January 31, 2024.

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.

Share Repurchase Program

On December 14, 2020, the Company’s board of directors authorized a repurchase program, effective February 16, 2021, covering the repurchase of up to an aggregate of $125.0 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 expired pursuant to its terms on February 15, 2022. In anticipation of its acquisition of CMC Materials, the Company suspended its previously announced share repurchase program in the fourth quarter of 2021. The Company did not repurchase any of its common stock in 2023 under a Board-authorized common stock repurchase plan.

The Company did not repurchase any shares for the years ended December 31, 2023 and 2022, respectively, and repurchased $67.1 million of shares for the year ended December 31, 2021.

The credit agreement governing the New Credit Facilities contains restrictions that may limit the Company’s ability to continue to repurchase shares in the future.

2020 Stock Plan

In 2020, the Company’s board of directors and stockholders approved the Entegris, Inc. 2020 Stock Plan (the “2020 Stock Plan”). The 2020 Stock Plan replaced the Entegris, Inc. 2010 Stock Plan for future stock awards and stock option grants. The 2020 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 2020 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 2020 Stock Plan provides that after December 31, 2019, 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 2020 Stock Plan.

Stock Plan assumed from CMC Materials

Subsequent to the acquisition of CMC Materials, the Company's Board of Directors approved the absorption of the CMC Materials 2021 Omnibus Incentive Plan (the “OIP”) into the Company's 2020 Stock Plan for the remainder of the term of the OIP Plan. The 2021 OIP provides for grants of equity awards in the form of stock options, restricted stock, restricted stock units, stock appreciation rights, performance-based awards, other stock-based awards such as substitute awards in connection with an acquisition, and cash incentive awards. 3.9 million additional shares became available for grant by the Company upon absorption of the OIP Plan.

Each outstanding option to purchase shares of CMC Materials common stock under CMC Materials’ stock plan became an option to acquire, on the same terms and condition as were applicable under the CMC Materials stock plan, the Company’s common stock, with the number of shares and exercise prices thereof adjusted for the exchange ratio of 1.82. Accordingly, options to purchase 0.6 million shares of CMC Materials common stock were exchanged for options to purchase 1.2 million shares of the Company’s common stock.

Each outstanding performance-based restricted stock unit of CMC Materials under CMC Materials’ stock plan became a time-based restricted stock unit with the same terms and conditions as were applicable under the CMC Materials stock plan, the Company’s common stock, with the number of shares and exercise price thereof adjusted for the exchange ratio of 1.82. Accordingly, 0.1 million shares of performance-based restricted stock units of CMC Materials common stock were exchanged for restricted stock units of 0.2 million shares of the Company’s common stock.

For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 10.2 million, 10.9 million, and 8.7 million shares at December 31, 2023, 2022 and 2021, respectively.

Stock Options

Stock option activity for the years ended December 31, 2023, 2022 and 2021 is summarized as follows:


	2023			2022			2021
(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	1,839	$	62.59	657	$	55.32	1,082	$	33.38
Granted	232	81.79		146	128.44		167	98.11
Assumed in CMC acquisition	—	—		1,178	55.8		—	—
Exercised	(715)	51.04		(141)	40.00		(592)	27.32
Cancelled or forfeited	(42)	76.02		(1)	61.42		—	—
Options outstanding, end of year	1,314	$	71.83	1,839	$	62.59	657	$	55.32
Options exercisable, end of year	900	$	63.08	1,386	$	54.53	111	$	34.54

Options outstanding under the Company’s stock plans at December 31, 2023 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
$0.00 to $31.10	99	1.5 years	$	27.45	99	$	27.45
$31.11 to $43.47	164	2.4 years	33.54		164	33.54
$43.48 to $55.72	200	3.3 years	54.33		153	53.91
$55.73 to $80.00	303	5.4 years	69.47		303	69.47
$80.01 to $128.44	548	5.1 years	98.90		181	106.16
	1,314	4.3 years	$	71.83	900	$	63.08

The weighted average remaining contractual term for options outstanding and options exercisable for all plans at December 31, 2023 was 4.3 years and 3.9 years, respectively.

Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2023 and 2022 was $29.2 million and $11.4 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $119.82 at December 31, 2023, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $64.3 million and $51.6 million for options outstanding and options exercisable, respectively.

Share-based payment awards in the form of stock option awards for 0.2 million, 0.1 million and 0.2 million shares were granted to employees during the years ended December 31, 2023, 2022 and 2021, respectively. Compensation expense is based on the grant date fair value. The awards vest annually over a period of four years 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.

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, 2023, 2022 and 2021:


Employee stock options:	2023			2022			2021
Volatility	46.5		%	40.9		%	38.0		%
Risk-free interest rate	3.7		%	1.5		%	0.4		%
Dividend yield	0.5		%	0.3		%	0.3		%
Expected life (years)	4.7			4.2			4.6
Weighted average fair value per option	$	34.40		$	43.47		$	30.69

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 the Company’s 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, 2023, 1.1 million shares remained available for issuance under the ESPP. Employees purchased 0.2 million, 0.2 million and 0.1 million shares, at a weighted-average price of $68.87, $65.25, and $90.89 during the years ended December 31, 2023, 2022 and 2021, respectively.

Restricted Stock Units

Restricted stock units are awards of common stock made under the Stock Plans 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, 2023, 2022 and 2021 is presented in the following table:


	2023			2022			2021
(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	844	$	90.37	897	$	62.69	1,083	$	41.31
Granted	640	80.45		366	117.82		293	101.04
Assumed in CMC acquisition	—	—		155	92.96		—	—
Vested	(389)	78.17		(523)	64.77		(439)	35.58
Forfeited	(90)	89.23		(51)	85.16		(40)	57.39
Unvested, end of year	1,005	89.08		844	90.37		897	62.69

During the years ended December 31, 2023, 2022 and 2021, the Company awarded performance-based restricted stock units for up to 0.2 million, 0.1 million and 0.1 million shares of common stock, respectively, to be issued upon the achievement of performance conditions under the Company’s stock plans to certain officers. Compensation expense is based on the grant date fair value. The awards vest on the third anniversary of the award date if the performance conditions have been satisfied. The Company estimates the fair value of the performance shares using a Monte Carlo simulation process.

As of December 31, 2023, 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, $3.1 million and $46.9 million, respectively, and is expected to be recognized over the next 2.5 years on a weighted-average basis.

Modifications

During the year ended December 31, 2022, the Company modified all employee awards of restricted share units, options, and performance-based restricted share units that were granted in the 2022 fiscal year to provide that the awards will generally vest in connection with the grantee’s qualifying retirement. The Company accounted for this as a modification of awards and recognized incremental compensation cost of $15.3 million. The incremental compensation cost was measured as the accelerated expense over the requisite service period. The fair-value-based measure of the modified awards was the same as the fair-value based measure of the original award immediately before modification because the modification only affects the service period of the award.

During the years ended December 31, 2023 and 2022, the Company modified restricted share units, options, and performance-based restricted share units granted prior to the 2022 fiscal year for certain employees to accelerate the unvested awards upon their respective retirements from the Company. The Company accounted for this as a modification of awards and recognized incremental compensation cost of $0.7 million and $6.2 million for the years ended December 31, 2023 and 2022, respectively. The incremental compensation cost is measured as the excess of the fair value of the modified award over the fair value of the original award immediately before its terms modified and recognized as compensation cost on the date of the modification for the vested awards.

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. Awards issued to employees who are retirement eligible or nearing retirement eligibility are expensed on an accelerated basis. 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, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Cost of sales	$	8,896	$	5,780	$	3,844
Engineering, research and development expenses	7,999		4,596		3,504
Selling, general and administrative expenses	44,476		56,201		22,536
Share-based compensation expense	$	61,371	$	66,577	$	29,884
Tax benefit	12,472		13,977		5,488
Share-based compensation expense, net of tax	$	48,899	$	52,600	$	24,396

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Segment Information - Summary of Property, Plant and Equipment Attributed to Significant Countries (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Property, plant and equipment	$ 1,468,043	$ 1,393,337	$ 654,098
Segment, Expenditure, Addition to Long-Lived Assets	456,847	466,192	210,626
MC
Segment Reporting Information
Segment, Expenditure, Addition to Long-Lived Assets	227,996	178,800	69,120
NORTH AMERICA
Segment Reporting Information
Property, plant and equipment	747,823	776,913	417,549
SOUTH KOREA
Segment Reporting Information
Property, plant and equipment	101,107	84,253	58,725
JAPAN
Segment Reporting Information
Property, plant and equipment	118,872	104,282	56,357
MALAYSIA
Segment Reporting Information
Property, plant and equipment	50,183	46,703	29,443
CHINA
Segment Reporting Information
Property, plant and equipment	32,884	31,592	32,133
TAIWAN
Segment Reporting Information
Property, plant and equipment	412,346	253,285	58,444
All Other Segments
Segment Reporting Information
Property, plant and equipment	$ 4,828	$ 96,309	$ 1,447

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income before income taxes for the years ended December 31, 2023, 2022 and 2021 was derived from the following sources:


(In thousands)	2023		2022		2021
Domestic	$	(457,888)	$	(272,365)	$	137,145
Foreign	630,558		519,445		341,931
Income before income tax expense	$	172,670	$	247,080	$	479,076

Income tax (benefit) expense for the years ended December 31, 2023, 2022 and 2021 is summarized as follows:


(In thousands)	2023		2022		2021
Current:
Federal	$	10,835	$	39,216	$	9,187
State	1,267		4,077		2,939
Foreign	125,091		97,611		76,257
	137,193		140,904		88,383
Deferred (net of valuation allowance):
Federal	(135,408)		(90,238)		(11,726)
State	(5,829)		(5,749)		(498)
Foreign	(4,369)		(6,757)		(6,209)
	(145,606)		(102,744)		(18,433)
Income tax (benefit) expense	$	(8,413)	$	38,160	$	69,950

Income tax (benefit) expense differs from the expected amounts based upon the statutory federal tax rates for the years ended December 31, 2023, 2022 and 2021 as follows:


(In thousands)	2023		2022		2021
Expected federal income tax at statutory rate	$	36,261	$	51,887	$	100,606
State income taxes before valuation allowance, net of federal tax effect	(9,374)		(5,907)		(1,333)
Effect of foreign source income	(18,383)		(7,607)		(15,862)
Tax contingencies	11,048		5,762		4,696
Valuation allowance	9,032		8,052		9,984
U.S. federal research credit	(18,679)		(13,525)		(8,469)
Equity compensation	7,431		5,290		(8,899)



Foreign derived intangible income	(5,144)		(15,265)		(6,496)
Legal entity restructuring capital loss	—		—		(5,079)
Acquisition related retention, severance, and transaction costs	—		8,924		—
Legal entity divestiture activity	(20,311)		—		—
Other items, net	(294)		549		802
Income tax (benefit) expense	$	(8,413)	$	38,160	$	69,950

The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was 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 $19.7 million ($0.13 per diluted share), $24.8 million ($0.17 per diluted share) and $13.9 million ($0.10 per diluted share) for the years ending December 31, 2023, 2022 and 2021, respectively. The 2023, 2022 and 2021 effective tax rates include additional benefits of $12.1 million, $14.2 million and $8 million because the corporate tax rate in Singapore is lower than the U.S. rate.

At December 31, 2023, there were approximately $136.0 million of accumulated undistributed earnings of subsidiaries outside of the United States, all of which are considered to be indefinitely reinvested. Management estimates that approximately $16.1 million of 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, 2023 and 2022 are as follows:


(In thousands)	2023		2022
Deferred tax assets attributable to:
Accounts receivable	$	1,304	$	1,239
Inventory	12,456		14,862
Accruals not currently deductible for tax purposes	16,341		25,787
Net operating loss and credit carryforwards	55,685		57,760
Capital loss carryforward	5,281		895
Equity compensation	11,382		15,249
Interest expense limitations	37,691		8,067
Capitalization of ER&D expense	100,832		53,179
Other, net	15,064		—
Gross deferred tax assets	256,036		177,038
Valuation allowance	(60,330)		(48,047)
Total deferred tax assets	195,706		128,991
Deferred tax liabilities attributable to:
Purchased intangible assets	(230,550)		(364,979)
Other, net	—		(2,397)
Depreciation and Amortization	(44,007)		(55,898)
Total deferred tax liabilities	(274,557)		(423,274)
Net deferred tax liabilities	$	(78,851)	$	(294,283)

Deferred tax assets are generally required to be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized.

As of December 31, 2023 and 2022, the Company had net U.S. deferred tax liabilities of $76.7 million and deferred tax assets of $298.5 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $23.3 million, which begin to expire in 2024. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $29.7 million and $18.5 million as of December 31, 2023 and 2022, 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, 2023 will be recognized as a reduction of income tax expense.

As of December 31, 2023 and 2022, the Company had net non-U.S. deferred tax assets of $58.2 million and $52.3 million, respectively, for which management determined based upon the available evidence a valuation allowance of $30.6 million and $29.5 million as of December 31, 2023 and 2022, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets.

At December 31, 2023, the Company had foreign operating loss carryforwards of $60.8 million, which begin to expire in 2024.

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, 2023 and 2022 are as follows:


(In thousands)	2023		2022
Gross unrecognized tax benefits at beginning of year	$	53,478	$	23,789
Increase from acquisition	—		24,452
Increase in tax positions from prior years	242		175
Decrease in tax positions from prior years	—		(248)
Increases in tax positions for current year	17,111		13,577
Settlement of tax positions for current year	—		(6,395)
Lapse in statute of limitations	(3,114)		(1,872)
Gross unrecognized tax benefits at end of year	$	67,717	$	53,478

The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $53.4 million at December 31, 2023.

Penalties and interest paid or received are recorded in other income, net in the consolidated statements of operations. As of December 31, 2023 and 2022, the Company had accrued interest and penalties related to unrecognized tax benefits of $6.6 million and $4.2 million, respectively. Expenses of $2.5 million, $2.0 million and $1.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021, 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 2019 and 2019, 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 2017.

Due to the expiration of various statutes of limitations and settlements of audits, it is reasonably possible that the Company’s gross unrecognized tax benefit balance may decrease within the next twelve months by approximately $1.9 million.

The Organization Economic Co-operation and Development (“OECD”) introduced Base Erosion and Profit Shifting (“BEPS”) Pillar 2 rules that impose a global minimum tax rate of 15%. Numerous countries, including European Union member states, have enacted or are expected to enact legislation to be effective as early as January 1, 2024, with general implementation of a global minimum tax by January 1, 2025. We are currently evaluating the potential impact on our consolidated financial statements and related disclosures.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022		2021
Net sales:
MS	1,689,467		1,380,208		711,291
MC	1,127,555		1,105,996		919,363
AMH	758,648		846,492		704,946
Inter-segment elimination	(51,744)		(50,663)		(36,707)
Total net sales	$	3,523,926	$	3,282,033	$	2,298,893

(In thousands)	2023		2022		2021
Segment profit:
MS	296,375		219,189		167,807
MC	395,348		411,475		321,300
AMH	136,100		183,738		159,995
Total segment profit	$	827,823	$	814,402	$	649,102

(In thousands)	2023		2022		2021
Total assets:
MS	6,405,693		7,535,706		1,191,465
MC	1,157,414		1,161,636		946,336
AMH	697,243		801,591		598,547
Corporate	552,241		639,924		455,548
Total assets	$	8,812,591	$	10,138,857	$	3,191,896


(In thousands)	2023		2022		2021
Depreciation and amortization:
MS	286,632		203,320		66,983
MC	57,432		42,514		41,536
AMH	43,096		33,490		29,648

Total depreciation and amortization	$	387,160	$	279,324	$	138,167

(In thousands)	2023		2022		2021
Capital expenditures:
MS	141,851		151,331		74,410
MC	227,996		178,800		69,120
AMH	87,000		136,061		67,096

Total capital expenditures	$	456,847	$	466,192	$	210,626

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)	2023		2022		2021
Total segment profit	$	827,823	$	814,402	$	649,102
Less:
Amortization of intangibles	214,477		143,953		47,856
Unallocated general and administrative expenses	114,188		190,468		49,478
Operating income	$	499,158	$	479,981	551,768
Interest expense	312,378		212,669		41,240
Interest income	(11,257)		(3,694)		(243)
Other expense, net	25,367		23,926		31,695
Income before income tax (benefit) expense	$	172,670	$	247,080	$	479,076

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, 2023, 2022 and 2021:


	2023
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	540,347	$	170,816	$	231,833	$	(51,744)	$	891,252
Taiwan	231,982		234,078		124,573		—		590,633
South Korea	218,192		120,036		104,957		—		443,185
Japan	104,977		219,340		42,991		—		367,308
China	196,970		229,689		140,245		—		566,904
Europe	229,368		93,059		79,923		—		402,350
Southeast Asia	167,631		60,537		34,126		—		262,294
	$	1,689,467	$	1,127,555	$	758,648	$	(51,744)	$	3,523,926


	2022
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	422,185	$	158,627	$	265,510	$	(50,663)	$	795,659
Taiwan	202,565		305,899		151,663		—		660,127
South Korea	162,601		129,750		121,726		—		414,077
Japan	107,239		183,485		59,278		—		350,002
China	198,022		184,609		119,325		—		501,956
Europe	150,914		85,696		88,405		—		325,015
Southeast Asia	136,682		57,930		40,585		—		235,197
	$	1,380,208	$	1,105,996	$	846,492	$	(50,663)	$	3,282,033


	2021
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	208,997	$	133,653	$	219,853	$	(36,707)	$	525,796
Taiwan	117,056		225,086		111,968		—		454,110
South Korea	97,568		114,211		105,493		—		317,272
Japan	89,767		161,569		51,267		—		302,603
China	102,791		164,471		97,157		—		364,419
Europe	50,136		70,011		89,121		—		209,268
Southeast Asia	44,976		50,362		30,087		—		125,425
	$	711,291	$	919,363	$	704,946	$	(36,707)	$	2,298,893

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, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Property, plant and equipment, net:
North America	$	747,823	$	776,913	$	417,549
South Korea	101,107		84,253		58,725
Japan	118,872		104,282		56,357
Malaysia	50,183		46,703		29,443
China	32,884		31,592		32,133
Taiwan	412,346		253,285		58,444
Other	4,828		96,309		1,447
	$	1,468,043	$	1,393,337	$	654,098

Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of Option Activity

Stock option activity for the years ended December 31, 2023, 2022 and 2021 is summarized as follows:


	2023			2022			2021
(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	1,839	$	62.59	657	$	55.32	1,082	$	33.38
Granted	232	81.79		146	128.44		167	98.11
Assumed in CMC acquisition	—	—		1,178	55.8		—	—
Exercised	(715)	51.04		(141)	40.00		(592)	27.32
Cancelled or forfeited	(42)	76.02		(1)	61.42		—	—
Options outstanding, end of year	1,314	$	71.83	1,839	$	62.59	657	$	55.32
Options exercisable, end of year	900	$	63.08	1,386	$	54.53	111	$	34.54

Summary of Options Outstanding

Options outstanding under the Company’s stock plans at December 31, 2023 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
$0.00 to $31.10	99	1.5 years	$	27.45	99	$	27.45
$31.11 to $43.47	164	2.4 years	33.54		164	33.54
$43.48 to $55.72	200	3.3 years	54.33		153	53.91
$55.73 to $80.00	303	5.4 years	69.47		303	69.47
$80.01 to $128.44	548	5.1 years	98.90		181	106.16
	1,314	4.3 years	$	71.83	900	$	63.08

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


Employee stock options:	2023			2022			2021
Volatility	46.5		%	40.9		%	38.0		%
Risk-free interest rate	3.7		%	1.5		%	0.4		%
Dividend yield	0.5		%	0.3		%	0.3		%
Expected life (years)	4.7			4.2			4.6
Weighted average fair value per option	$	34.40		$	43.47		$	30.69

Summary of Restricted Stock Activity


	2023			2022			2021
(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	844	$	90.37	897	$	62.69	1,083	$	41.31
Granted	640	80.45		366	117.82		293	101.04
Assumed in CMC acquisition	—	—		155	92.96		—	—
Vested	(389)	78.17		(523)	64.77		(439)	35.58
Forfeited	(90)	89.23		(51)	85.16		(40)	57.39
Unvested, end of year	1,005	89.08		844	90.37		897	62.69

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, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Cost of sales	$	8,896	$	5,780	$	3,844
Engineering, research and development expenses	7,999		4,596		3,504
Selling, general and administrative expenses	44,476		56,201		22,536
Share-based compensation expense	$	61,371	$	66,577	$	29,884
Tax benefit	12,472		13,977		5,488
Share-based compensation expense, net of tax	$	48,899	$	52,600	$	24,396

Revenues

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

REVENUES

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


(In thousands)	2023		2022
Balance at beginning of year	$	60,476	$	23,050
Additions due to acquisition	—		11,108
Revenue recognized that was included in the contract liability balance at the beginning of the period	(37,830)		(30,667)
Increases due to cash received, excluding amounts recognized as revenue during the period	52,720		57,490
Contract liabilities included as part of dispositions and held for sale	(6,315)		(505)
Balance at end of year	$	69,051	$	60,476

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2023	Feb. 12, 2024	Jul. 01, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 14,700,000,000
Entity Common Stock, Shares Outstanding		150,396,207
Entity Central Index Key	0001101302
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Auditor Location	Minneapolis, Minnesota
Auditor Name	KPMG LLP
Amendment Flag	false
Auditor Firm ID	185
Document Financial Statement Error Correction [Flag]	false

Other Held for sale (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Other Held for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-Lived Assets Held-for-Sale [Line Items]
Goodwill, Impairment Loss	$ 10,400	$ 115,217	$ 0	$ 0
Impairment on long-lived assets		30,464	$ 0	$ 0
Other [Member]
Long-Lived Assets Held-for-Sale [Line Items]
Current assets	8,315	8,315
Property, plant and equipment, net	2,454	2,454
Intangible assets, net	10,317	10,317
Total assets-held-for sale	21,086	21,086
Accounts payable	711	711
Accrued expenses	475	475
Total liabilities-held-for sale	1,186	1,186
Results of Operations, Income before Income Taxes		45,000
Tax Effect of Income (Loss)		9,200
Goodwill, Impairment Loss	10,400
Impairment on long-lived assets	$ 30,500	$ 30,500

Consolidated Statements Of Comprehensive Income Paranthetical - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 180,669	$ 208,920
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	(5,085)	10,520
Retained earnings (deficit)
Net income	$ 180,669	$ 208,920

- Definition

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

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- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

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+ Details

Summary of Allocation of Share Based Compensation Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 61,371	$ 66,577	$ 29,884
Share-based Payment Arrangement, Expense, Tax Benefit	12,472	13,977	5,488
Share-based compensation expense, net of tax	48,899	52,600	24,396
share based compensation modification amount	700	6,200
Cost of Sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	8,896	5,780	3,844
Engineering, Research and Development Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	7,999	4,596	3,504
Selling, General And Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 44,476	$ 56,201	$ 22,536

Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Employer profit sharing and matching contribution expense		$ 25,400	$ 21,900	$ 10,100
Maximum matching contribution		5.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	6.00%
Defined Contribution Plan,Employer Matching Contribution, Non-elective Percent Of Match		3.00%
Defined Benefit Plan, Benefit Obligation, Divestiture		$ 1,400
Defined Benefit Plan, Plan Assets, Benefits Paid		2,300
Projected benefit obligation	$ 12,618	12,618	15,253
Fair value of plan assets	1,407	1,407	1,014
Plan assets less than benefit obligation - Net amount recognized	(11,211)	(11,211)	(14,239)
Accumulated benefit obligation	$ 10,375	10,375	12,151
Net periodic pension benefit cost		$ 1,000	$ 700	$ 100

Debt - 2029 and 2030 Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 06, 2022
Debt Instrument
Long-term Debt, Gross	$ 4,668,774	$ 5,925,000
Loss on extinguishment of debt	(27,865)	(3,287)	$ (23,338)
Payments of Debt Issuance Costs	3,475	99,488	$ 5,069
Senior secured notes due 2029 at 4.75%
Debt Instrument
Long-term Debt, Gross	1,600,000	1,600,000		$ 1,600,000
Senior unsecured notes due 2030 at 5.95%
Debt Instrument
Long-term Debt, Gross	$ 895,000	$ 895,000		$ 895,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 1,350,000	$ 1,950,000
Derivative [Line Items]
Derivative, Notional Amount	1,350,000	1,950,000
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	(17,435)	36,069	$ 0
Foreign Exchange Contract \| Not Designated as Hedging Instrument
Derivative [Line Items]
(Gain) Loss Recognized in Condensed Consolidated Statements of Income	(374)	(3,435)	0
Foreign Exchange Contract \| Not Designated as Hedging Instrument \| Other Current Assets
Derivative [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	0	726
Total Liabilities	0	0
Foreign Exchange Contract \| Not Designated as Hedging Instrument \| Short-term lease liability:
Derivative [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	0	0
Total Liabilities	0	193
Foreign Exchange Contract \| Not Designated as Hedging Instrument \| Long
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	0	3,995
Derivative [Line Items]
Derivative, Notional Amount	0	3,995
Foreign Exchange Contract \| Not Designated as Hedging Instrument \| Short
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	0	26,255
Derivative [Line Items]
Derivative, Notional Amount	0	26,255
Interest Rate Swap \| Designated as Hedging Instrument \| Other Current Assets
Derivative [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	21,451	32,481
Total Liabilities	0	0
Interest Rate Swap \| Designated as Hedging Instrument \| Other Noncurrent Assets
Derivative [Line Items]
Derivative financial instruments - Interest rate swap - cash flow hedge	2,618	14,108
Total Liabilities	0	0
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
(Gain) Loss Recognized in Condensed Consolidated Statements of Income	$ (37,220)	$ 0	$ 0

Intangible Assets, Goodwill and Other	12 Months Ended
Intangible Assets, Goodwill and Other	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Disclosure	Electronic Chemicals (“EC”) During the first quarter of 2023, while the criteria had not been met to classify the reporting unit as held for sale, the Company was exploring market interest in a potential sale of the EC reporting unit within what is now the Materials Solutions segment (the segment resulting from combining our prior Advanced Planarization Solutions and the Specialty Chemicals and Engineered Materials segments). In connection with the sale process, management determined that certain impairment indicators were present and evaluated intangible assets, long-lived assets and goodwill for impairment in connection with the quarter ending April 1, 2023. Long-lived assets, including finite-lived intangible assets The Company compared the estimated undiscounted future cash flows generated by the asset group to the carrying amount of the asset group for the reporting unit and determined that the undiscounted cash flows were expected to exceed the carrying value on a held and used basis, therefore no impairment was recorded on the long-lived asset or finite-lived intangible assets. The Company considered if the triggering event would cause a potential change to the useful life of the assets and determined no modification to the useful life of the assets was necessary. Goodwill The Company compared the reporting unit’s fair value to its carrying amount, including goodwill, as of April 1, 2023. As the reporting unit’s carrying amount, including goodwill, exceeded its fair value, the Company determined the goodwill was impaired and recorded an impairment of $88.9 million during the three months ended April 1, 2023 and an incremental impairment charge of $15.9 million was recorded as a result of certain purchase price adjustments during the three months ended September 30, 2023. The impairment is classified as goodwill impairment in the Company's consolidated statement of operations. The goodwill impairment is not tax deductible. The fair value of the reporting unit was determined using a market-based approach, which was aligned to the expected selling price. We consider this a Level 3 measurement in the fair value hierarchy. Following the end of our third quarter of fiscal year 2023, on October 2, 2023, we completed the sale of the EC reporting unit, which reported into the Materials Solutions segment. For more information, see Note 5. Other Business During the fourth quarter of 2023, the Company began the process to sell a small, industrial specialty chemicals business that reports within the MS segment. The related assets and liabilities of the business were classified as held-for-sale in the Company’s consolidated balance sheet at December 31, 2023. In connection with the sale process, management determined that certain impairment indicators were present and evaluated goodwill, intangible assets, and long-lived assets for impairment in connection with the quarter ending December 31, 2023. Goodwill The Company compared the reporting unit’s fair value to its carrying value, including goodwill, as of December 31, 2023. As the reporting unit’s carrying amount, including goodwill, exceeded its fair value, the Company determined the goodwill was impaired and recorded an impairment of $10.4 million during the year ended December 31, 2023. The impairment is classified as goodwill impairment in the Company’s consolidated statement of operations. The goodwill impairment is not deductible for tax purposes. The fair value of the reporting unit was determined using a market and income-based approach. We consider this a Level 3 measurement in the fair value hierarchy. Long-lived assets, including finite-lived intangible assets The Company compared the estimated undiscounted future cash flows generated by the asset group to the carrying amount of the asset group for the reporting unit and determined that the undiscounted cash flows did not exceed the carrying value. The Company next compared the reporting unit’s fair value to its carrying amount. As the reporting unit’s carrying amount exceeded its fair value, the Company determined long-lived assets were impaired and recorded an impairment of $30.5 million during the year ended December 31, 2023. The impairment is classified as Selling, general and administrative expense in the Company's consolidated statement of operations. The fair value of the reporting unit was determined using a market-based approach. We consider this a Level 3 measurement in the fair value hierarchy.

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 456,929	$ 561,559
Restricted cash	0	1,880
Total cash, cash equivalents and restricted cash	$ 456,929	$ 563,439	$ 402,565	$ 580,893

Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Asset Retirement Obligation [Abstract]
Balance at beginning of year	$ 28,035	$ 17,494
Liabilities assumed in acquisitions	0	12,531
Liabilities settled	(7,254)	(453)
Liabilities incurred	2,869	788
Accretion expense	139	213
Disposition	0	(2,815)
Revision of estimate	(2,074)	277
Balance at end of year	$ 21,715	$ 28,035

QED sale (Details) - USD ($) $ in Thousands		12 Months Ended
QED sale (Details) - USD ($) $ in Thousands	Mar. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncash or Part Noncash Divestitures [Line Items]
Proceeds from sale of businesses		$ 814,960	$ 0	$ 0
QED [Member]
Noncash or Part Noncash Divestitures [Line Items]
Proceeds from Divestiture of Businesses	$ 137,500
Preliminary working capital adjustment	1,031
Cash transferred to the buyer on the closing balance sheet	(1,465)
Direct costs to sell	2,780
Proceeds from sale of businesses	134,286
Net Assets	149,200
Long-Lived Assets Held-for-Sale [Line Items]
Current assets	19,219
Property, plant and equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	841
Total assets-held-for sale	161,390
Accounts payable	1,340
Accrued expenses	8,750
Long-term liabilities	2,067
Total liabilities-held-for sale	$ 12,157
Gain (Loss) from Disposal of Discontinued Operation, before Income Tax		14,900
Tax Effect		$ 16,900

Enthone (Details) - USD ($) $ in Thousands	12 Months Ended
Enthone (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Proceeds from Divestiture of Businesses	$ 191,200
Gain on termination of alliance agreement	(184,754)	$ 0	$ 0
Tax expense	$ 41,700

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 3,523,926	$ 3,282,033	$ 2,298,893
Cost of sales	2,026,321	1,885,620	1,239,229
Gross profit	1,497,605	1,396,413	1,059,664
Selling, general and administrative expenses	576,194	543,485	292,408
Engineering, research and development expenses	277,313	228,994	167,632
Amortization	214,477	143,953	47,856
Goodwill, Impairment Loss	115,217	0	0
Gain on termination of alliance agreement	(184,754)	0	0
Operating income	499,158	479,981	551,768
Interest expense	312,378	212,669	41,240
Interest income	(11,257)	(3,694)	(243)
Other expense, net	25,367	23,926	31,695
Income before income tax (benefit) expense	172,670	247,080	479,076
Income Tax Expense (Benefit)	(8,413)	38,160	69,950
Equity in net loss of affiliates	414	0	0
Net income	$ 180,669	$ 208,920	$ 409,126
Earnings Per Share:
Basic net income per common share	$ 1.21	$ 1.47	$ 3.02
Diluted net income per common share	$ 1.20	$ 1.46	$ 3.00
Weighted average shares outstanding
Basic	149,900	142,294	135,411
Diluted	150,945	143,146	136,574

PIM Held For Sale (Details) - USD ($) $ in Thousands		12 Months Ended
PIM Held For Sale (Details) - USD ($) $ in Thousands	Feb. 10, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-Lived Assets Held-for-Sale [Line Items]
Infineum termination fee, net	$ 12,000
Termination fee, net		$ (10,876)	$ 0	$ 0
Transaction advisor fee	$ 1,100
PIM [Member]
Long-Lived Assets Held-for-Sale [Line Items]
Current assets		50,975
Property, plant and equipment, net		115,920
Intangible assets, net		76,692
Goodwill		12,707
Other assets		1,373
Total assets-held-for sale		257,667
Accounts payable		8,867
Accrued expenses		7,662
Long-term liabilities		1,508
Total liabilities-held-for sale		18,037
Results of Operations, Income before Income Taxes		45,000
Tax Effect of Income (Loss)		$ 7,500

Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Accounts receivable	$ 1,304	$ 1,239
Inventory	12,456	14,862
Accruals not currently deductible for tax purposes	16,341	25,787
Net operating loss and credit carryforwards	55,685	57,760
Capital loss carryforward	5,281	895
Equity compensation	11,382	15,249
Interest expense limitations	37,691	8,067
Capitalization of ER&D expense	100,832	53,179
Other, net	15,064	0
Gross deferred tax assets	256,036	177,038
Valuation allowance	(60,330)	(48,047)
Total deferred tax assets	195,706	128,991
Purchased intangible assets	(230,550)	(364,979)
Deferred Tax Liabilities, Other	0	2,397
Depreciation	(44,007)	(55,898)
Gross deferred tax liabilities	(274,557)	(423,274)
Total deferred tax liabilities	$ (78,851)	$ (294,283)

Equity - Summary of Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of shares
Number of shares, Options outstanding, beginning of year	1,839	657	1,082
Number of shares, Granted	232	146	167
Assumed in CMC acquisition Award, Options	0	1,178	0
Number of shares, Exercised	(715)	(141)	(592)
Number of shares, Expired or Forfeited	(42)	(1)	0
Number of shares, Options outstanding, end of year	1,314	1,839	657
Number of shares, Options exercisable, end of year	900	1,386	111
Weighted average exercise price
Weighted average exercise price, Options outstanding, beginning of year	$ 62.59	$ 55.32	$ 33.38
Weighted average exercise price, Granted	81.79	128.44	98.11
Weighted Average Exercise Price, Options assumed in acquisition.	0	55.8	0
Weighted average exercise price, Exercised	51.04	40.00	27.32
Weighted average exercise price, Expired or Forfeited	76.02	61.42	0
Weighted average exercise price, Options outstanding, end of year	71.83	62.59	55.32
Weighted average exercise price, Options exercisable, end of year	$ 63.08	$ 54.53	$ 34.54
Stock Repurchased and Retired During Period, Value			$ (67,109)

Fair Value Measures and Disclosures

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Disclosures

The Company is required to record certain assets and liabilities at fair value. The valuation methods used for determining the fair value of these financial instruments by hierarchy are as follows:

Level 1 Cash and cash equivalents consist of various bank accounts used to support our operations and investments in institutional money-market funds that are traded in active markets. The restricted cash represents cash held in a “Rabbi” trust, further described in Note 6.

Level 2 Derivative financial instruments include an interest rate swap contract and foreign exchange contracts. The fair value of our derivative instruments is estimated using standard valuation models and market-based observable inputs over the contractual term, including the prevailing SOFR based yield curves for the interest rate swap, and forward rates and/or the Overnight Index Swap curve for forward foreign exchange contracts, among others. The fair value of our debt is estimated based on independent broker/dealer bids or by comparison to other debt securities having similar durations, yields and credit ratings.

Level 3 No Level 3 financial instruments

The following table presents financial instruments that we measure at fair value on a recurring basis:


	Fair Value Measurements at Reporting Date Using
(In thousands)	Level 1				Level 2				Level 3				Total
Assets:	2023		2022		2023		2022		2023		2022		2023		2022
Cash and cash equivalents	$	456,929	$	561,559	$	—	$	—	$	—	$	—	$	456,929	$	561,559
Restricted cash	—		1,880		—		—		—		—		—		1,880
Derivative financial instruments - Interest rate swap - cash flow hedge	—		—		24,069		46,589		—		—		24,069		46,589
Derivative financial instruments -Forward exchange contracts	—		—		—		726		—		—		—		726
Total Assets	$	456,929	$	563,439	$	24,069	$	47,315	$	—	$	—	$	480,998	$	610,754

Liabilities:
Derivative financial instruments - Forward exchange contracts	$	—	$	—	$	—	$	193	$	—	$	—	$	—	$	193
Total Liabilities	$	—	$	—	$	—	$	193	$	—	$	—	$	—	$	193

Other Fair Value Disclosures

The fair value of our debt is considered Level 2. The estimated fair value and carrying value of our debt as of December 31, 2023 and 2022 were as follows:


	December 31, 2023				December 31, 2022
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt, net	$	4,577,141	$	4,536,238	$	5,784,893	$	5,428,900

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Assets Held For Sale and Divestitures (Tables)

12 Months Ended

Dec. 31, 2023

PIM [Member]

Long-Lived Assets Held-for-Sale [Line Items]

Disclosure of Long-Lived Assets Held-for-sale [Table Text Block]

PIM Assets-held-for sale comprise the following as of December 31, 2023:


(In thousands)
Assets:	December 31, 2023
Current assets	$	50,975
Property, Plant and Equipment, net	115,920
Intangible assets, net	76,692
Goodwill	12,707
Other assets	1,373
Total assets-held-for sale	$	257,667

Liabilities:
Accounts payable	$	8,867
Accrued expenses	7,662
Long-term liabilities	1,508
Total liabilities-held-for sale	$	18,037

Other [Member]

Long-Lived Assets Held-for-Sale [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Other Assets-held-for sale comprise the following as of December 31, 2023:


(In thousands)
Assets:	December 31, 2023
Current assets	$	8,315
Property, Plant and Equipment, net	2,454
Intangible assets, net	10,317
Total assets-held-for sale	$	21,086

Liabilities:
Accounts payable	$	711
Accrued expenses	475
Total liabilities-held-for sale	$	1,186

EC [Member]

Long-Lived Assets Held-for-Sale [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The major classes of assets and liabilities sold consisted of the following:


(In thousands)
Assets:	October 2, 2023
Current assets	$	103,927
Property, Plant and Equipment, net	177,397
Intangible assets, net	263,686
Goodwill	250,638
Other assets	7,966
Total assets-held-for sale	$	803,614

Liabilities:
Accounts payable	$	18,975
Accrued expenses	21,141
Long-term liabilities	81,963
Total liabilities-held-for sale	$	122,079

Schedule of Noncash or Part Noncash Divestitures [Table Text Block]

The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further final post-closing adjustment:


(In thousands)	October 2, 2023
Cash proceeds received, gross	$	737,100
Preliminary working capital adjustment	(5,474)
Cash transferred to the buyer on the closing balance sheet	(42,845)
Direct costs to sell	(13,581)
Fair value of sale consideration	$	675,200

QED [Member]

Long-Lived Assets Held-for-Sale [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The major classes of assets and liabilities sold consisted of the following:


(In thousands)
Assets:	March 1, 2023
Current assets	$	19,219
Property, plant and equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	841
Total assets	$	161,390

Liabilities:
Accounts payable	$	1,340
Accrued expenses	8,750
Long-term liabilities	2,067
Total liabilities	$	12,157

Schedule of Noncash or Part Noncash Divestitures [Table Text Block]

The following table summarizes the fair value of the sale proceeds received in connection with the divestiture:


(In thousands)	March 1, 2023
Fair value of sale consideration	$	137,500
Final working capital adjustment	1,031
Cash transferred to the buyer on the closing balance sheet	(1,465)
Direct costs to sell	(2,780)
Fair value of sale consideration, net proceeds	$	134,286

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 191,213
2024	185,102
2026	182,265
2027	178,479
2028	175,983
Thereafter	368,927
Intangible assets, net	$ 1,281,969	$ 1,841,955

Earning Per Share (EPS)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earning 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)	2023	2022	2021
Basic earnings per share—Weighted common shares outstanding	149,900	142,294	135,411
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,045	852	1,163
Diluted earnings per share—Weighted common shares outstanding	150,945	143,146	136,574

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, 2023, 2022 and 2021:


(In thousands)	2023	2022	2021
Shares excluded from calculations of diluted EPS	657	447	136

Equity - Additional Information (Detail) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended												6 Months Ended	12 Months Ended
	Jan. 17, 2024 $ / shares	Dec. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2023 $ / shares	Jul. 01, 2023 $ / shares	Apr. 01, 2023 $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Oct. 01, 2022 $ / shares	Jul. 02, 2022 $ / shares	Apr. 02, 2022 $ / shares	Dec. 31, 2021 $ / shares shares	Oct. 02, 2021 $ / shares	Jul. 03, 2021 $ / shares	Apr. 03, 2021 $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Jul. 06, 2022 shares
Equity [Line Items]
Dividends, Common Stock, Cash															$ (60,295)	$ (57,305)	$ (43,611)
Dividends declared per share \| $ / shares		$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.08	$ 0.08	$ 0.08	$ 0.08
Common Stock, Dividends, Per Share, Declared \| $ / shares															$ 0.40	$ 0.40	$ 0.32
Stock Repurchase Program, Authorized Amount						$ 125,000								$ 125,000		$ 125,000
Stock Repurchased and Retired During Period, Value																	$ (67,109)
Term of plan, in years															10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted \| shares															3,900
Ratio of Options exchanged		1.82													1.82
Options exchanged \| shares														600
Common Stock exchanged for Options \| shares														1,200
Ratio of common stock exchanged															1.82
RSU exchanged \| shares		100													100
Common Stock exchanged for RSU \| shares																		200
Shares available for future grants \| shares		10,200				10,900				8,700				10,900	10,200	10,900	8,700
Weighted average remaining contractual term option outstanding															4 years 3 months 18 days
Weighted average remaining contractual term option exercisable															3 years 10 months 24 days
Total pre-tax intrinsic value of stock options exercised															$ 29,200	$ 11,400
Total pre-tax intrinsic value based on the closing stock price \| $ / shares		$ 119.82													$ 119.82
Intrinsic value of stock options outstanding		$ 64,300													$ 64,300
Intrinsic value of stock options exercisable		51,600													$ 51,600
Number of shares, Granted \| shares															232	146	167
Contractual term of stock options (in years)															7 years
performance shares granted \| shares															200	100	100
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition															2 years 6 months
Employee Benefits and Share-Based Compensation															$ 15,300
share based compensation modification amount															$ 700	$ 6,200
Subsequent Event [Member]
Equity [Line Items]
Common Stock, Dividends, Per Share, Declared \| $ / shares	$ 0.10
Maximum
Equity [Line Items]
Vesting period, in years															4 years
Restricted Stock
Equity [Line Items]
Total compensation cost not yet recognized		46,900													$ 46,900
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		$ 3,100													$ 3,100
Employee Stock Purchase Plan
Equity [Line Items]
Shares available for future grants \| shares		1,100													1,100
Weighted-average price per share paid by the employees \| $ / shares		$ 68.87				$ 65.25				$ 90.89				$ 65.25	$ 68.87	$ 65.25	$ 90.89
Percentage of employee contribution from compensation															10.00%
Rate of discount from the fair market value															15.00%
Shares purchase by employees \| shares															200	200	100

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes

Income before income taxes for the years ended December 31, 2023, 2022 and 2021 was derived from the following sources:


(In thousands)	2023		2022		2021
Domestic	$	(457,888)	$	(272,365)	$	137,145
Foreign	630,558		519,445		341,931
Income before income tax expense	$	172,670	$	247,080	$	479,076

Components of Income Tax Expense

Income tax (benefit) expense for the years ended December 31, 2023, 2022 and 2021 is summarized as follows:


(In thousands)	2023		2022		2021
Current:
Federal	$	10,835	$	39,216	$	9,187
State	1,267		4,077		2,939
Foreign	125,091		97,611		76,257
	137,193		140,904		88,383
Deferred (net of valuation allowance):
Federal	(135,408)		(90,238)		(11,726)
State	(5,829)		(5,749)		(498)
Foreign	(4,369)		(6,757)		(6,209)
	(145,606)		(102,744)		(18,433)
Income tax (benefit) expense	$	(8,413)	$	38,160	$	69,950

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

Income tax (benefit) expense differs from the expected amounts based upon the statutory federal tax rates for the years ended December 31, 2023, 2022 and 2021 as follows:


(In thousands)	2023		2022		2021
Expected federal income tax at statutory rate	$	36,261	$	51,887	$	100,606
State income taxes before valuation allowance, net of federal tax effect	(9,374)		(5,907)		(1,333)
Effect of foreign source income	(18,383)		(7,607)		(15,862)
Tax contingencies	11,048		5,762		4,696
Valuation allowance	9,032		8,052		9,984
U.S. federal research credit	(18,679)		(13,525)		(8,469)
Equity compensation	7,431		5,290		(8,899)



Foreign derived intangible income	(5,144)		(15,265)		(6,496)
Legal entity restructuring capital loss	—		—		(5,079)
Acquisition related retention, severance, and transaction costs	—		8,924		—
Legal entity divestiture activity	(20,311)		—		—
Other items, net	(294)		549		802
Income tax (benefit) expense	$	(8,413)	$	38,160	$	69,950

Deferred Tax Assets And Deferred Tax Liabilities

The significant components of the Company’s deferred tax assets and deferred tax liabilities at December 31, 2023 and 2022 are as follows:


(In thousands)	2023		2022
Deferred tax assets attributable to:
Accounts receivable	$	1,304	$	1,239
Inventory	12,456		14,862
Accruals not currently deductible for tax purposes	16,341		25,787
Net operating loss and credit carryforwards	55,685		57,760
Capital loss carryforward	5,281		895
Equity compensation	11,382		15,249
Interest expense limitations	37,691		8,067
Capitalization of ER&D expense	100,832		53,179
Other, net	15,064		—
Gross deferred tax assets	256,036		177,038
Valuation allowance	(60,330)		(48,047)
Total deferred tax assets	195,706		128,991
Deferred tax liabilities attributable to:
Purchased intangible assets	(230,550)		(364,979)
Other, net	—		(2,397)
Depreciation and Amortization	(44,007)		(55,898)
Total deferred tax liabilities	(274,557)		(423,274)
Net deferred tax liabilities	$	(78,851)	$	(294,283)

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, 2023 and 2022 are as follows:


(In thousands)	2023		2022
Gross unrecognized tax benefits at beginning of year	$	53,478	$	23,789
Increase from acquisition	—		24,452
Increase in tax positions from prior years	242		175
Decrease in tax positions from prior years	—		(248)
Increases in tax positions for current year	17,111		13,577
Settlement of tax positions for current year	—		(6,395)
Lapse in statute of limitations	(3,114)		(1,872)
Gross unrecognized tax benefits at end of year	$	67,717	$	53,478

Income Taxes Income Tax - Unrecognized tax benefits additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 53,400
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	6,600	$ 4,200
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	2,500	$ 2,000	$ 1,000
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	1,900
Undistributed Earnings of Foreign Subsidiaries	136,000
withholding tax	$ 16,100
Domestic Tax Authority
Income Taxes [Line Items]
Open Tax Year	2019
State and Local Jurisdiction
Income Taxes [Line Items]
Open Tax Year	2019
Foreign Tax Authority
Income Taxes [Line Items]
Open Tax Year	2017

EC Sale (Details) - USD ($) $ in Thousands		3 Months Ended			12 Months Ended
EC Sale (Details) - USD ($) $ in Thousands	Oct. 02, 2023	Dec. 31, 2023	Sep. 30, 2023	Apr. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncash or Part Noncash Divestitures [Line Items]
Proceeds from sale of businesses					$ 814,960	$ 0	$ 0
Carrying amount of Net Assets [Abstract]	$ 681,500
Long-Lived Assets Held-for-Sale [Line Items]
Goodwill, Impairment Loss		$ 10,400			115,217	$ 0	$ 0
EC [Member]
Noncash or Part Noncash Divestitures [Line Items]
Cash proceeds received, gross	737,100	737,100
Proceeds from sale of businesses	675,200
Preliminary working capital adjustment	(5,474)
Cash transferred to the buyer on the closing balance sheet	(42,845)
Direct costs to sell	13,581
Long-Lived Assets Held-for-Sale [Line Items]
Current assets	103,927
Property, plant and equipment, net	177,397
Intangible assets, net	263,686
Goodwill	250,638	$ 250,600			250,600
Other assets	7,966
Total assets-held-for sale	803,614
Accounts payable	18,975
Accrued expenses	21,141
Total liabilities-held-for sale	122,079
Long-term liabilities	$ 81,963
Gain (Loss) from Disposal of Discontinued Operation, before Income Tax					8,900
Reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability					2,600
Tax Effect					$ 63,400
Goodwill, Impairment Loss			$ 15,900	$ 88,900

Segment Information - Reconciliation of Total Segment Profit to Operating Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Total segment profit	$ 827,823	$ 814,402	$ 649,102
Amortization	214,477	143,953	47,856
Unallocated general and administrative expenses	114,188	190,468	49,478
Operating income	499,158	479,981	551,768
Interest expense	312,378	212,669	41,240
Interest Income, Other	(11,257)	(3,694)	(243)
Other expense, net	25,367	23,926	31,695
Income before income tax (benefit) expense	$ 172,670	$ 247,080	$ 479,076

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 180,669	$ 208,920	$ 409,126
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(12,797)	(10,220)	(2,275)
Pension adjustments	397	1,139	(382)
Interest rate swap - cash flow hedge, net of tax (benefit) expense of $(5,085) and $10,520 for December 31, 2023 and December 31, 2022	(17,435)	36,069	0
Other comprehensive (loss) income	(29,835)	26,988	(2,657)
Comprehensive income	$ 150,834	$ 235,908	$ 406,469

- Definition

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

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Earning Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

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

earnings per share:


(In thousands)	2023	2022	2021
Basic earnings per share—Weighted common shares outstanding	149,900	142,294	135,411
Weighted common shares assumed upon exercise of options and vesting of restricted stock units	1,045	852	1,163
Diluted earnings per share—Weighted common shares outstanding	150,945	143,146	136,574

Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS


(In thousands)	2023	2022	2021
Shares excluded from calculations of diluted EPS	657	447	136

Quarterly Information-Unaudited (Tables)

12 Months Ended

Dec. 31, 2023

Selected Quarterly Financial Information [Abstract]

Quartely Information


	Fiscal quarter ended
(In thousands, except per share data)	April 1, 2023		July 1, 2023		September 30, 2023		December 31, 2023
Net sales	$	922,396	$	901,000	$	888,239	$	812,291
Gross profit	401,685		384,166		367,074		344,680
Net (loss) income	(88,166)		197,646		33,212		37,977
Basic net (loss) income per common share	(0.59)		1.32		0.22		0.25
Diluted net (loss) income per common share	(0.59)		1.31		0.22		0.25


	Fiscal quarter ended
(In thousands, except per share data)	April 2, 2022		July 2, 2022		October 1, 2022		December 31, 2022
Net sales	$	649,646	$	692,489	$	993,828	$	946,070
Gross profit	309,820		310,397		371,671		404,525
Net income (loss)	125,705		99,491		(73,703)		57,427
Basic net income (loss) per common share	0.93		0.73		(0.50)		0.39
Diluted net income (loss) per common share	0.92		0.73		(0.50)		0.38

Benefit Plans

12 Months Ended

Dec. 31, 2023

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Benefit Plans

401(k) Plan

The Company maintains 401(k) defined contribution plans covering employees in the U.S. The related expense totaled $25.4 million, $21.9 million and $10.1 million in the fiscal years ended December 31, 2023, 2022 and 2021, respectively. During the year ended December 31, 2023, the Company matched employees’ contributions to a maximum of 5% of the employee’s eligible wages for legacy and new Entegris employees. During the year ended December 31, 2023, the Company matched legacy CMC Materials employees’ contributions to a maximum of 6% of each such employee’s eligible wages and those employees were also eligible to receive a 3% non-elective contribution. The Company’s United Kingdom, Singapore and South Korea subsidiaries also make immaterial contributions to retirement plans that function as defined contribution retirement plans.

Defined Benefit Plans

The employees of the Company’s subsidiaries in Japan, Taiwan, South Korea, France and Germany are covered in defined benefit pension plans. The benefit obligation was reduced by $1.4 million due to the EC disposition in the year ended December 31, 2023. On December 31, 2023, the Company converted its South Korea defined pension plans to defined contribution plans. As a result of this conversion, the Company settled and paid out to beneficiaries an amount of $2.3 million on January 2, 2024. The Company uses a December 31 measurement date for its pension plans. A summary of these combined plans are:


(In thousands)	2023		2022
Projected benefit obligation	$	12,618	$	15,253
Fair value of plan assets	1,407		1,014
Plan assets less benefit obligation - net amount recognized	(11,211)		(14,239)
Accumulated benefit obligation	10,375		12,151

Cash Flows

Benefits for the combined plans were $1.0 million, $0.7 million and $0.1 million in fiscal years 2023, 2022 and 2021, respectively, consisting primarily of service costs. Net service costs are included in Cost of sales and Operating expenses, and all other costs are recorded in Other expense, net in our Consolidated Statements of Operations. The Company expects to make the following benefit payments:


(In thousands)	Payments
2024	$	700
2025	976
2026	404
2027	453
2028	641
Years 2029-2033	3,029

CMC Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended								6 Months Ended	12 Months Ended
	Apr. 20, 2023	Jul. 06, 2022	Dec. 31, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 14, 2021
Business Acquisition
Net sales			$ 812,291	$ 888,239	$ 901,000	$ 922,396	$ 946,070	$ 993,828	$ 692,489	$ 649,646		$ 3,523,926	$ 3,282,033	$ 2,298,893
Long-term Debt, Gross			4,668,774				5,925,000				$ 5,925,000	4,668,774	5,925,000
Equity consideration on acquisition of CMC Materials, Inc.												0	1,265,690	0
Total purchase price, net of cash acquired												0	4,474,925	91,942
Goodwill			3,945,860				4,408,331				4,408,331	3,945,860	4,408,331	793,702
Income Tax Expense (Benefit)												(8,413)	38,160	69,950
Business Acquisition, Pro Forma Revenue												3,920,850	3,518,893
Business Acquisition, Pro Forma Net Income (Loss)												$ 292,867	$ (145,732)
Business Acquisition, Pro Forma Earnings Per Share, Basic												$ 1.97	$ (0.98)
Business Acquisition, Pro Forma Earnings Per Share, Diluted												$ 1.95	$ (0.98)
Repayments of Debt													$ 145,000
Charge for fair value mark-up of acquired inventory sold		$ 61,900									61,900	$ 0	61,932	$ 428
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent												22.50%
Secured Debt [Member]
Business Acquisition
Long-term Debt, Gross		2,495,000
Senior unsecured notes due 2030 at 5.95%
Business Acquisition
Long-term Debt, Gross		895,000	895,000				895,000				895,000	$ 895,000	895,000
Senior unsecured notes due 2029 at 3.625%
Business Acquisition
Long-term Debt, Gross			400,000				400,000				400,000	400,000	400,000
Bridge Credit Facility due 2023
Business Acquisition
Bridge Credit Facility due 2023		275,000	0				135,000				135,000	0	135,000
Repayments of Debt	$ 135,000
Senior secured notes due 2029 at 4.75%
Business Acquisition
Long-term Debt, Gross		1,600,000	1,600,000				$ 1,600,000				1,600,000	1,600,000	$ 1,600,000
CMC Materials
Business Acquisition
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed		$ 6,000,000
Business Combination, Acquisition Related Costs												39,500
Net sales											581,000
Income (Loss) from Subsidiaries, Net of Tax											$ 75,800
Business Acquisition, Share Price		$ 133.00
Cash paid to CMC Materials’ shareholders												3,836,983
Equity consideration on acquisition of CMC Materials, Inc.												1,265,690
Repayment of CMC Materials’ indebtedness												918,578
Less cash and cash equivalents acquired												280,636
Total purchase price, net of cash acquired												5,740,615
Cash and cash equivalents		$ 280,636
Accounts receivable and other current assets		207,472
Inventory		256,598
Property, plant and equipment		537,387
Identifiable intangible assets		1,736,219	1,736,219									1,736,219
Other noncurrent assets		39,725
Current liabilities		(211,417)
Deferred tax liabilities and other noncurrent liabilities		(452,805)
Net assets acquired		2,393,815
Goodwill		3,627,436
Total purchase price		$ 6,021,251													$ 6,021,251
Inventory, Noncurrent, Fair Value Disclosure			256,600									256,600
Property, Plant, and Equipment, Fair Value Disclosure			537,400									537,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		11 years
Goodwill, Fair Value Disclosure			$ 3,627,400									$ 3,627,400
CMC Materials \| Developed Technology
Business Acquisition
Identifiable intangible assets		$ 1,043,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		7 years 3 months 18 days
CMC Materials \| Trademarks and Trade names
Business Acquisition
Identifiable intangible assets		$ 236,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		14 years 10 months 24 days
CMC Materials \| Customer Relationships
Business Acquisition
Identifiable intangible assets		$ 414,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		18 years 3 months 18 days
CMC Materials \| In Process Research and Development
Business Acquisition
Identifiable intangible assets		$ 31,400
CMC Materials \| Other
Business Acquisition
Identifiable intangible assets		$ 10,919
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		1 year 2 months 12 days

Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

In the third quarter of 2023, the Company realigned its segments into three reportable segments discussed below, which align with the key elements of the advanced semiconductor manufacturing ecosystem. The current annual and succeeding annual periods will disclose the reportable segments with prior periods recast to reflect the change.

•Materials Solutions: MS provides materials-based solutions, such as chemical mechanical planarization (“CMP”) slurries and pads, deposition materials, process chemistries and gases, formulated cleans, etchants and other specialty materials that enable our customers to achieve better device performance and faster time to yield, while providing for lower total cost of ownership.

•Microcontamination Control: MC offers advanced solutions that improve customers’ yield, device reliability and cost by filtering and purifying critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.

•Advanced Materials Handling: AMH develops solutions that improve customers’ yields by protecting critical materials during manufacturing, transportation, and storage, including products that monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for a broad set of applications in the semiconductor, life sciences and other high-technology industries.

These segments share common business systems and processes, technology centers and technology roadmaps. With the complementary capabilities across these segments, we believe we are uniquely positioned to create new, co-optimized and increasingly integrated solutions for our customers, which should translate into improved device performance, lower cost of ownership and faster time to market. This capability has been further enhanced with the acquisition of CMC Materials. For example, we can now develop and provide complementary offerings solving customers’ complex manufacturing challenges across the deposition, CMP process and post-CMP modules with co-optimized products from each of our divisions, such as advanced deposition materials, CMP slurries, pads and post-CMP cleaning chemistries from our MS segment, CMP slurry filters from our MC segment, and CMP slurry high-purity packaging and fluid monitoring systems from our AMH segment.

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 Company generally 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. The remaining unallocated expenses consist mainly of the Company’s corporate functions as well as interest expense, interest income, amortization of intangible assets and income tax expense.

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

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


(In thousands)	2023		2022		2021
Net sales:
MS	1,689,467		1,380,208		711,291
MC	1,127,555		1,105,996		919,363
AMH	758,648		846,492		704,946
Inter-segment elimination	(51,744)		(50,663)		(36,707)
Total net sales	$	3,523,926	$	3,282,033	$	2,298,893

(In thousands)	2023		2022		2021
Segment profit:
MS	296,375		219,189		167,807
MC	395,348		411,475		321,300
AMH	136,100		183,738		159,995
Total segment profit	$	827,823	$	814,402	$	649,102

(In thousands)	2023		2022		2021
Total assets:
MS	6,405,693		7,535,706		1,191,465
MC	1,157,414		1,161,636		946,336
AMH	697,243		801,591		598,547
Corporate	552,241		639,924		455,548
Total assets	$	8,812,591	$	10,138,857	$	3,191,896


(In thousands)	2023		2022		2021
Depreciation and amortization:
MS	286,632		203,320		66,983
MC	57,432		42,514		41,536
AMH	43,096		33,490		29,648

Total depreciation and amortization	$	387,160	$	279,324	$	138,167

(In thousands)	2023		2022		2021
Capital expenditures:
MS	141,851		151,331		74,410
MC	227,996		178,800		69,120
AMH	87,000		136,061		67,096

Total capital expenditures	$	456,847	$	466,192	$	210,626

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


(In thousands)	2023		2022		2021
Total segment profit	$	827,823	$	814,402	$	649,102
Less:
Amortization of intangibles	214,477		143,953		47,856
Unallocated general and administrative expenses	114,188		190,468		49,478
Operating income	$	499,158	$	479,981	551,768
Interest expense	312,378		212,669		41,240
Interest income	(11,257)		(3,694)		(243)
Other expense, net	25,367		23,926		31,695
Income before income tax (benefit) expense	$	172,670	$	247,080	$	479,076

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, 2023, 2022 and 2021:


	2023
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	540,347	$	170,816	$	231,833	$	(51,744)	$	891,252
Taiwan	231,982		234,078		124,573		—		590,633
South Korea	218,192		120,036		104,957		—		443,185
Japan	104,977		219,340		42,991		—		367,308
China	196,970		229,689		140,245		—		566,904
Europe	229,368		93,059		79,923		—		402,350
Southeast Asia	167,631		60,537		34,126		—		262,294
	$	1,689,467	$	1,127,555	$	758,648	$	(51,744)	$	3,523,926


	2022
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	422,185	$	158,627	$	265,510	$	(50,663)	$	795,659
Taiwan	202,565		305,899		151,663		—		660,127
South Korea	162,601		129,750		121,726		—		414,077
Japan	107,239		183,485		59,278		—		350,002
China	198,022		184,609		119,325		—		501,956
Europe	150,914		85,696		88,405		—		325,015
Southeast Asia	136,682		57,930		40,585		—		235,197
	$	1,380,208	$	1,105,996	$	846,492	$	(50,663)	$	3,282,033


	2021
(In thousands)	MS		MC		AMH		Inter-segment		Total
North America	$	208,997	$	133,653	$	219,853	$	(36,707)	$	525,796
Taiwan	117,056		225,086		111,968		—		454,110
South Korea	97,568		114,211		105,493		—		317,272
Japan	89,767		161,569		51,267		—		302,603
China	102,791		164,471		97,157		—		364,419
Europe	50,136		70,011		89,121		—		209,268
Southeast Asia	44,976		50,362		30,087		—		125,425
	$	711,291	$	919,363	$	704,946	$	(36,707)	$	2,298,893

The following table summarizes property, plant and equipment, net, attributed to significant countries for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Property, plant and equipment, net:
North America	$	747,823	$	776,913	$	417,549
South Korea	101,107		84,253		58,725
Japan	118,872		104,282		56,357
Malaysia	50,183		46,703		29,443
China	32,884		31,592		32,133
Taiwan	412,346		253,285		58,444
Other	4,828		96,309		1,447
	$	1,468,043	$	1,393,337	$	654,098

The Company reported net sales of 10 percent or more for one customer in the amount of $382.9 million, $408.6 million and $271.9 million for the years ended December 31, 2023, 2022 and 2021, respectively, all of which include sales from all the Company’s segments.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Revenues (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability


(In thousands)	2023		2022
Balance at beginning of year	$	60,476	$	23,050
Additions due to acquisition	—		11,108
Revenue recognized that was included in the contract liability balance at the beginning of the period	(37,830)		(30,667)
Increases due to cash received, excluding amounts recognized as revenue during the period	52,720		57,490
Contract liabilities included as part of dispositions and held for sale	(6,315)		(505)
Balance at end of year	$	69,051	$	60,476

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	The Company has evaluated subsequent events to the date of the issuance of the consolidated financial statements. The Company has determined that there are no events occurring in this period that require disclosure or adjustment, except as disclosed above.

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment at December 31, 2023 and 2022 consists of the following:


(In thousands)	2023		2022		Estimated useful lives in years
Land	$	44,177	$	62,192
Buildings and improvements	779,589		490,903		5-35
Manufacturing equipment	685,504		569,224		5-10
Canisters and cylinders	186,231		168,516		3-12
Molds	83,745		76,388		3-5
Office furniture and lab equipment	299,438		330,284		3-8
Construction in progress	297,448		465,923
Total property, plant and equipment	2,376,132		2,163,430
Less accumulated depreciation	908,089		770,093
Property, plant and equipment, net	$	1,468,043	$	1,393,337

Depreciation Expense

The table below sets forth the depreciation expense for the years ended December 31, 2023, 2022 and 2021:


(In thousands)	2023		2022		2021
Depreciation expense	$	172,683	$	135,371	$	90,311

Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt

The Company’s debt at December 31, 2023 and 2022 consists of the following:


(In thousands)	2023		2022
Senior secured term loan due 2029 (1)	$	1,373,774	$	2,495,000
Senior secured notes due 2029 at 4.75%	1,600,000		1,600,000
Senior unsecured notes due 2030 at 5.95%	895,000		895,000
Senior unsecured notes due 2029 at 3.625%	400,000		400,000
Senior unsecured notes due 2028 at 4.375%	400,000		400,000
Bridge Credit Facility due 2023	—		135,000
Revolving facility due 2027 (2)	—		—
	$	4,668,774	$	5,925,000
Unamortized discount and debt issuance costs	91,633		140,107
Total debt, net	$	4,577,141	$	5,784,893
Less short-term debt, including current portion of long-term debt	—		151,965
Total long-term debt, net	$	4,577,141	$	5,632,928

Annual maturities of long-term debt, excluding unamortized discount and issuance costs, due as of December 31, 2023 are as follows:


(In thousands)	2024		2025	2026	2027	2028	Thereafter	Total
Contractual debt obligation maturities*	$	—	—	—	—	400,000	4,268,774	$	4,668,774

*Subject to excess cash flow payments to the lenders.

(1) As of Amendment No.2 to the Credit and Guaranty Agreement on September 11, 2023, the Term Loans due 2029 bear interest at a rate per annum equal to the SOFR plus an applicable margin of 2.50%.

(2) The Revolving Facility bears interest at a rate per annum equal to, at the Company’s option, either a base rate (such as prime rate) or SOFR, plus, in each case, an applicable margin.

On March 10, 2023 and September 11, 2023, the Company and certain of its subsidiaries entered into Amendment No. 1 (the “First Amendment”) and Amendment No. 2 (the “Second Amendment”), respectively, with the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, which amended the Credit and Guaranty Agreement, dated as of November 6, 2018 (as amended and restated as of July 6, 2022 and as further amended, restated, amended and restated, supplemented, modified and otherwise in effect prior to the effectiveness of the First Amendment and the Second Amendment, the “Existing Credit Agreement” and, the Existing Credit Agreement as amended by the First Amendment and the Second Amendment, the “Amended Credit Agreement”), by and among the Company, as borrower, certain subsidiaries of the Company party thereto, as guarantors, the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent.

The First Amendment provided for, among other things, the refinancing of the Company’s outstanding term B loans under the Existing Credit Agreement in an aggregate principal amount of $2.495 billion (the “Original Tranche B Term Loans”) with a new tranche of term B loans under the Amended Credit Agreement in an aggregate principal amount of $2.495 billion (the “New Tranche B Term Loans”). Under the First Amendment, the New Tranche B Term Loans bore interest at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 2.75% or (ii) a base rate plus an applicable margin of 1.75%.

The Second Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding term B loans under the Existing Credit Agreement (as amended by the First Amendment). After giving effect to the Second Amendment, such outstanding term B loans bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 2.50% or (ii) a base rate plus an applicable margin of 1.50%. Consistent with the Original Tranche B Term Loans, the new Tranche B Term Loans had a mature on July 6, 2029. Other than as described herein (and more fully described in the Second Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement.

Additionally, as of December 31, 2023, during the fiscal year 2023, the Company has repaid $1.1 billion of the outstanding borrowings under the Amended Credit Agreement. In connection with this repayment and entry into the First Amendment and the Second Amendment, the Company incurred a pre-tax loss on extinguishment and modification of debt of $29.2 million for the twelve months ended December 31, 2023, which is included in Other expense, net on the consolidated statements of operations.

On April 20, 2023, the Company repaid the principal amount of the $135.0 million bridge credit facility. In connection with the repayment of this debt, the Company incurred a pre-tax loss on extinguishment of debt of $0.7 million for the twelve months ended December 31, 2023, which is included in Other expense, net on the consolidated statements of operations.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
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+ Details

Debt Summary Table (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
Debt Summary Table (Details) - USD ($) $ in Thousands	Apr. 20, 2023	Dec. 31, 2023	Jul. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 06, 2022
Debt Instrument
Long-term Debt, Gross		$ 4,668,774		$ 4,668,774	$ 5,925,000
Unamortized discount and debt issuance costs		91,633		91,633	140,107
Total debt, net		4,577,141		4,577,141	5,784,893
Less short-term debt, including current portion of long-term debt		0		0	151,965
Total long-term debt, net		$ 4,577,141		4,577,141	5,632,928
Repayments of Debt					145,000
Loss on extinguishment of debt				$ (27,865)	(3,287)	$ (23,338)
Debt Instrument, Description of Variable Rate Basis		1.50	1.75
Term Loan Rate		2.50%		2.50%
Senior secured term loan due 2029 (1)
Debt Instrument
Long-term Debt, Gross		$ 1,373,774		$ 1,373,774	2,495,000
Repayments of Debt				1,100,000
Loss on extinguishment of debt				(29,200)
Senior secured notes due 2029 at 4.75%
Debt Instrument
Long-term Debt, Gross		$ 1,600,000		$ 1,600,000	1,600,000		$ 1,600,000
Debt Instrument, Interest Rate, Stated Percentage		4.75%		4.75%
Senior unsecured notes due 2030 at 5.95%
Debt Instrument
Long-term Debt, Gross		$ 895,000		$ 895,000	895,000		895,000
Debt Instrument, Interest Rate, Stated Percentage		5.95%		5.95%
Senior unsecured notes due 2029 at 3.625%
Debt Instrument
Long-term Debt, Gross		$ 400,000		$ 400,000	400,000
Debt Instrument, Interest Rate, Stated Percentage		3.625%		3.625%
Senior unsecured notes due 2028 at 4.375%
Debt Instrument
Long-term Debt, Gross		$ 400,000		$ 400,000	400,000
Debt Instrument, Interest Rate, Stated Percentage		4.375%		4.375%
Bridge Credit Facility due 2023
Debt Instrument
Bridge Credit Facility due 2023		$ 0		$ 0	135,000		$ 275,000
Repayments of Debt	$ 135,000
Loss on extinguishment for Bridge loan				700
Revolving facility due 2027 (2)
Debt Instrument
Revolving facility due 2027 (2)		$ 0		$ 0	$ 0
First Amendment
Debt Instrument
Term Loan Rate			2.75%
Second Amendment
Debt Instrument
Term Loan Rate		2.50%		2.50%

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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	150,566,007	149,339,486
Common stock, shares outstanding	150,363,607	149,137,086
Treasury Stock, Common, Shares	202,400	202,400

Segment information - Summary of Financial Information for Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Total net sales	$ 812,291	$ 888,239	$ 901,000	$ 922,396	$ 946,070	$ 993,828	$ 692,489	$ 649,646	$ 3,523,926	$ 3,282,033	$ 2,298,893
Total segment profit									827,823	814,402	649,102
Total Assets	8,812,591				10,138,857				8,812,591	10,138,857	3,191,896
Total depreciation and amortization									387,160	279,324	138,167
Total capital expenditures									456,847	466,192	210,626
Segment, Expenditure, Addition to Long-Lived Assets									456,847	466,192	210,626
MC
Segment Reporting Information
Total net sales									1,127,555	1,105,996	919,363
Total segment profit									395,348	411,475	321,300
Total Assets	1,157,414				1,161,636				1,157,414	1,161,636	946,336
Total depreciation and amortization									57,432	42,514	41,536
Segment, Expenditure, Addition to Long-Lived Assets									227,996	178,800	69,120
AMH
Segment Reporting Information
Total net sales									758,648	846,492	704,946
Total segment profit									136,100	183,738	159,995
Total Assets	697,243				801,591				697,243	801,591	598,547
Total depreciation and amortization									43,096	33,490	29,648
Segment, Expenditure, Addition to Long-Lived Assets									87,000	136,061	67,096
Corporate
Segment Reporting Information
Total Assets	552,241				639,924				552,241	639,924	455,548
Inter-segment elimination
Segment Reporting Information
Total net sales									(51,744)	(50,663)	(36,707)
Materials Solutions MS
Segment Reporting Information
Total net sales									1,689,467	1,380,208	711,291
Total segment profit									296,375	219,189	167,807
Total Assets	$ 6,405,693				$ 7,535,706				6,405,693	7,535,706	1,191,465
Total depreciation and amortization									286,632	203,320	66,983
Segment, Expenditure, Addition to Long-Lived Assets									$ 141,851	$ 151,331	$ 74,410

Amortization Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 214,477	$ 143,953	$ 47,856

Fair Value Measures and Disclosures (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The following table presents financial instruments that we measure at fair value on a recurring basis:


	Fair Value Measurements at Reporting Date Using
(In thousands)	Level 1				Level 2				Level 3				Total
Assets:	2023		2022		2023		2022		2023		2022		2023		2022
Cash and cash equivalents	$	456,929	$	561,559	$	—	$	—	$	—	$	—	$	456,929	$	561,559
Restricted cash	—		1,880		—		—		—		—		—		1,880
Derivative financial instruments - Interest rate swap - cash flow hedge	—		—		24,069		46,589		—		—		24,069		46,589
Derivative financial instruments -Forward exchange contracts	—		—		—		726		—		—		—		726
Total Assets	$	456,929	$	563,439	$	24,069	$	47,315	$	—	$	—	$	480,998	$	610,754

Liabilities:
Derivative financial instruments - Forward exchange contracts	$	—	$	—	$	—	$	193	$	—	$	—	$	—	$	193
Total Liabilities	$	—	$	—	$	—	$	193	$	—	$	—	$	—	$	193

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The estimated fair value and carrying value of our debt as of December 31, 2023 and 2022 were as follows:


	December 31, 2023				December 31, 2022
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt, net	$	4,577,141	$	4,536,238	$	5,784,893	$	5,428,900

Equity - Summary of Options Outstanding (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Number of Options outstanding \| shares	1,314
Options outstanding, Weighted average remaining life in years	4 years 3 months 18 days
Options outstanding, Weighted-average exercise price	$ 71.83
Number of Options exercisable \| shares	900
Options exercisable, Weighted average exercise price	$ 63.08
$0.00 to $31.10
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum	0.00
Range of exercise prices, maximum	$ 31.10
Number of Options outstanding \| shares	99
Options outstanding, Weighted average remaining life in years	1 year 6 months
Options outstanding, Weighted-average exercise price	$ 27.45
Number of Options exercisable \| shares	99
Options exercisable, Weighted average exercise price	$ 27.45
$31.11 to $43.47
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum	31.11
Range of exercise prices, maximum	$ 43.47
Number of Options outstanding \| shares	164
Options outstanding, Weighted average remaining life in years	2 years 4 months 24 days
Options outstanding, Weighted-average exercise price	$ 33.54
Number of Options exercisable \| shares	164
Options exercisable, Weighted average exercise price	$ 33.54
$43.48 to $55.72
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum	43.48
Range of exercise prices, maximum	$ 55.72
Number of Options outstanding \| shares	200
Options outstanding, Weighted average remaining life in years	3 years 3 months 18 days
Options outstanding, Weighted-average exercise price	$ 54.33
Number of Options exercisable \| shares	153
Options exercisable, Weighted average exercise price	$ 53.91
$55.73 to $80.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum	55.73
Range of exercise prices, maximum	$ 80.00
Number of Options outstanding \| shares	303
Options outstanding, Weighted average remaining life in years	5 years 4 months 24 days
Options outstanding, Weighted-average exercise price	$ 69.47
Number of Options exercisable \| shares	303
Options exercisable, Weighted average exercise price	$ 69.47
$80.01 to $128.44
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Range of exercise prices, minimum	80.01
Range of exercise prices, maximum	$ 128.44
Number of Options outstanding \| shares	548
Options outstanding, Weighted average remaining life in years	5 years 1 month 6 days
Options outstanding, Weighted-average exercise price	$ 98.90
Number of Options exercisable \| shares	181
Options exercisable, Weighted average exercise price	$ 106.16

Consolidated Statements Of Equity Consolidated Statement of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.40	$ 0.40	$ 0.32

Quarterly Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Selected Quarterly Financial Information [Abstract]
Net sales	$ 812,291	$ 888,239	$ 901,000	$ 922,396	$ 946,070	$ 993,828	$ 692,489	$ 649,646	$ 3,523,926	$ 3,282,033	$ 2,298,893
Gross Profit	344,680	367,074	384,166	401,685	404,525	371,671	310,397	309,820	1,497,605	1,396,413	1,059,664
Net income	$ 37,977	$ 33,212	$ 197,646	$ (88,166)	$ 57,427	$ (73,703)	$ 99,491	$ 125,705	$ 180,669	$ 208,920	$ 409,126
Basic net income per common share	$ 0.25	$ 0.22	$ 1.32	$ (0.59)	$ 0.39	$ (0.50)	$ 0.73	$ 0.93	$ 1.21	$ 1.47	$ 3.02
Diluted net income per common share	$ 0.25	$ 0.22	$ 1.31	$ (0.59)	$ 0.38	$ (0.50)	$ 0.73	$ 0.92	$ 1.20	$ 1.46	$ 3.00

- Definition

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

+ References

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- 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.

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+ Details

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

+ Details

- Definition

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

Cash, Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2023

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]

Restrictions on Cash and Cash Equivalents


(In thousands)	December 31, 2023		December 31, 2021
Cash and cash equivalents	$	456,929	$	561,559
Restricted cash	—		1,880
Total cash, cash equivalents and restricted cash	$	456,929	$	563,439

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 456,929	$ 561,559
Restricted cash	0	1,880
Trade accounts and notes receivable, net	457,052	535,485
Inventories, net	607,051	812,815
Deferred tax charges and refundable income taxes	63,879	47,618
Assets held-for-sale	278,753	246,531
Other current assets	113,663	129,297
Total current assets	1,977,327	2,335,185
Property, plant and equipment, net	1,468,043	1,393,337
Other assets:
Right-of-use assets - Operating lease	57,990	79,228
Right-of-use assets - Finance lease	22,409	15,712
Goodwill	3,945,860	4,408,331
Intangible assets, net	1,281,969	1,841,955
Deferred tax assets and other noncurrent tax assets	31,432	28,867
Other noncurrent assets	27,561	36,242
Total assets	8,812,591	10,138,857
Current liabilities:
Short-term debt, including current portion of long-term debt	0	151,965
Accounts payable	134,211	172,488
Accrued payroll and related benefits	109,559	142,340
Accrued interest payable	24,759	25,571
Liabilities held-for-sale	19,223	10,637
Other accrued liabilities	148,840	160,873
Income taxes payable	77,403	98,057
Total current liabilities	513,995	761,931
Long-term debt, excluding current maturities	4,577,141	5,632,928
Pension benefit obligations and other liabilities	53,733	54,090
Deferred tax liabilities and other noncurrent tax liabilities	190,142	391,192
Long term lease liability - Operating lease	49,719	68,091
Long term lease liability - Finance lease	19,267	12,625
Equity:
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and December 31, 2022	0	0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of December 31, 2023: 150,566,007 and 150,363,607, respectively; issued and outstanding shares as of December 31, 2022: 149,339,486 and 149,137,086, respectively	$ 1,506	$ 1,493
Treasury Stock, Common, Shares	202,400	202,400
Treasury stock, common, at cost: 202,400 shares held as of December 31, 2023 and December 31, 2022	$ (7,112)	$ (7,112)
Additional paid-in capital	2,305,367	2,205,325
Retained earnings	1,151,765	1,031,391
Accumulated other comprehensive loss	(42,932)	(13,097)
Total equity	3,408,594	3,218,000
Total liabilities and equity	$ 8,812,591	$ 10,138,857

Quarterly Information-Unaudited

12 Months Ended

Dec. 31, 2023

Selected Quarterly Financial Information [Abstract]

Quarterly Information-Unaudited


	Fiscal quarter ended
(In thousands, except per share data)	April 1, 2023		July 1, 2023		September 30, 2023		December 31, 2023
Net sales	$	922,396	$	901,000	$	888,239	$	812,291
Gross profit	401,685		384,166		367,074		344,680
Net (loss) income	(88,166)		197,646		33,212		37,977
Basic net (loss) income per common share	(0.59)		1.32		0.22		0.25
Diluted net (loss) income per common share	(0.59)		1.31		0.22		0.25


	Fiscal quarter ended
(In thousands, except per share data)	April 2, 2022		July 2, 2022		October 1, 2022		December 31, 2022
Net sales	$	649,646	$	692,489	$	993,828	$	946,070
Gross profit	309,820		310,397		371,671		404,525
Net income (loss)	125,705		99,491		(73,703)		57,427
Basic net income (loss) per common share	0.93		0.73		(0.50)		0.39
Diluted net income (loss) per common share	0.92		0.73		(0.50)		0.38

Assets Held For Sale and Divestitures

12 Months Ended

Dec. 31, 2023

Asset, Held-for-Sale, Not Part of Disposal Group [Abstract]

Assets Held for Sale and Divestitures

Asset Held-For-Sale - PIM

On October 11, 2022, the Company announced entry into a definitive agreement to sell its Pipeline and Industrials Materials (“PIM”) business, which became part of the Company with the acquisition of CMC Materials, to Infineum USA L.P. (“Infineum”). The PIM business specializes in the manufacture and sale of drag reducing agents and a range of valve maintenance products and services, and reports into the Materials Solutions segment (the segment resulting from combining the Advanced Planarization Solutions and the Specialty Chemicals and Engineered Materials segments) of the Company. Effective February 10, 2023, the Company terminated the definitive agreement. In accordance with the terms of the agreement, the Company received a $12.0 million termination fee from Infineum in the first quarter of 2023 and incurred a transaction adviser fee of $1.1 million. The net amount of $10.9 million is recorded in Other expense, net in the consolidated statement of operations.

During the fourth quarter of 2022, the related assets and liabilities were classified as held-for-sale in the Company’s consolidated balance sheet and measured at the lower of their carrying amount or fair value less cost to sell based on the held-for-sale criteria. The assets and liabilities continue to be marketed for sale and are classified as held-for-sale at December 31, 2023 based on the carrying value.

The planned disposition of the PIM business did not meet the criteria to be classified as a discontinued operation in the Company’s financial statements since the disposition did not represent a strategic shift that had, or will have, a major effect on the Company’s operations and financial results.

PIM Assets-held-for sale comprise the following as of December 31, 2023:


(In thousands)
Assets:	December 31, 2023
Current assets	$	50,975
Property, Plant and Equipment, net	115,920
Intangible assets, net	76,692
Goodwill	12,707
Other assets	1,373
Total assets-held-for sale	$	257,667

Liabilities:
Accounts payable	$	8,867
Accrued expenses	7,662
Long-term liabilities	1,508
Total liabilities-held-for sale	$	18,037

Income before income taxes attributable to the PIM business was $45.0 million and tax expense totaled $7.5 million for the twelve months ended December 31, 2023.

Asset Held-For-Sale - Other

During the fourth quarter of 2023, the Company began the process to sell a small, industrial specialty chemicals business that reports within the Materials Solutions segment. The related assets and liabilities of the business were classified as held-for-sale in the Company’s consolidated balance sheet and measured at the lower of their carrying amount or fair value less cost to sell.

The proposed disposition of the business did not meet the criteria to be classified as a discontinued operation in the Company’s financial statements since the disposition did not represent a strategic shift that had, or will have, a major effect on the Company’s operations and financial results.

Other Assets-held-for sale comprise the following as of December 31, 2023:


(In thousands)
Assets:	December 31, 2023
Current assets	$	8,315
Property, Plant and Equipment, net	2,454
Intangible assets, net	10,317
Total assets-held-for sale	$	21,086

Liabilities:
Accounts payable	$	711
Accrued expenses	475
Total liabilities-held-for sale	$	1,186

Loss before income taxes attributable to the business was $45.0 million and a tax benefit of $9.2 million for the twelve months ended December 31, 2023. The loss before income taxes attributable to the business includes a goodwill impairment charge of $10.4 million and long-lived asset impairment charge of $30.5 million.

Divestiture - EC Business

During the second quarter of 2023, the Company announced entry into a definitive agreement to sell its EC business, which became part of the Company with the acquisition of CMC Materials, to FUJIFILM Holdings America Corporation. The EC business specializes in purification, formulation, blending, packaging and distribution of high-purity process chemicals used within the semiconductor and microelectronic manufacturing processes. The EC business was a part of what is now the Materials Solutions segment and became part of the Company with the acquisition of CMC Materials.

The Company completed the divestiture of the EC business on October 2, 2023. The Company received gross cash proceeds of $737.1 million, or expected net proceeds of $675.2 million, which remains subject to customary final post-closing adjustments. The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further final post-closing adjustment:


(In thousands)	October 2, 2023
Cash proceeds received, gross	$	737,100
Preliminary working capital adjustment	(5,474)
Cash transferred to the buyer on the closing balance sheet	(42,845)
Direct costs to sell	(13,581)
Fair value of sale consideration	$	675,200

The disposition of the EC business did not meet the criteria to be classified as a discontinued operation in the Company’s financial statements since the disposition did not represent a strategic shift that had, or will have, a major effect on the Company’s operations and financial results.

The carrying amount of net assets associated with the EC business was approximately $681.5 million. The major classes of assets and liabilities sold consisted of the following:


(In thousands)
Assets:	October 2, 2023
Current assets	$	103,927
Property, Plant and Equipment, net	177,397
Intangible assets, net	263,686
Goodwill	250,638
Other assets	7,966
Total assets-held-for sale	$	803,614

Liabilities:
Accounts payable	$	18,975
Accrued expenses	21,141
Long-term liabilities	81,963
Total liabilities-held-for sale	$	122,079

As a result of the EC business divestiture, the Company recognized a pre-tax loss of $8.9 million, including a $2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $63.4 million.

Divestiture - QED

During the first quarter of 2023, the Company announced entry into a definitive agreement to sell QED Technologies International, Inc. (“QED”), which offers magnetorheological finishing polishing and subaperture stitching interferometry metrology manufacturing solutions, to Quad-C Management, Inc. QED was a part of what is now the Materials Solutions segment (the segment resulting from combining the Advanced Planarization Solutions and the Specialty Chemicals and Engineered Materials segments) and became part of the Company with the acquisition of CMC Materials.

The Company completed the divestiture of QED on March 1, 2023 and received proceeds of $134.3 million after adjustments with respect to cash, working capital, indebtedness and transaction expenses. The disposition of QED did not meet the criteria to be classified as a discontinued operation in the Company’s financial statements since the disposition did not represent a strategic shift that had a major effect on the Company’s operations and financial results. The following table summarizes the fair value of the sale proceeds received in connection with the divestiture:


(In thousands)	March 1, 2023
Fair value of sale consideration	$	137,500
Final working capital adjustment	1,031
Cash transferred to the buyer on the closing balance sheet	(1,465)
Direct costs to sell	(2,780)
Fair value of sale consideration, net proceeds	$	134,286

The carrying amount of net assets associated with the QED business was approximately $149.2 million. The major classes of assets and liabilities sold consisted of the following:


(In thousands)
Assets:	March 1, 2023
Current assets	$	19,219
Property, plant and equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	841
Total assets	$	161,390

Liabilities:
Accounts payable	$	1,340
Accrued expenses	8,750
Long-term liabilities	2,067
Total liabilities	$	12,157

As a result of the QED divestiture, the Company recognized a pre-tax loss of $14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $16.9 million.

Termination - Alliance Agreement

On June 5, 2023, the Company announced the termination of the Alliance Agreement (the “Alliance Agreement”) between the Company and MacDermid Enthone Inc., a global business unit of Element Solutions Inc (“MacDermid Enthone”). Under the Alliance Agreement, Entegris had been granted the exclusive right to distribute MacDermid Enthone's Viaform products, subject to certain conditions. In connection with the termination of the Alliance Agreement, Entegris received net proceeds of $191.2 million for the twelve months ended December 31, 2023. The Company recognized a pre-tax gain of $184.8 million (tax expense of $41.7 million) presented in gain on termination of the Alliance Agreement on the consolidated statements of operations for the twelve months ended December 31, 2023

Property, Plant and Equipment Property, Plant and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 172,683	$ 135,371	$ 90,311

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Defined Benefit Plans Disclosures

Defined Benefit Plans


(In thousands)	2023		2022
Projected benefit obligation	$	12,618	$	15,253
Fair value of plan assets	1,407		1,014
Plan assets less benefit obligation - net amount recognized	(11,211)		(14,239)
Accumulated benefit obligation	10,375		12,151

Expected Contribution And Benefit Payments

The Company expects to make the following benefit payments:


(In thousands)	Payments
2024	$	700
2025	976
2026	404
2027	453
2028	641
Years 2029-2033	3,029