Entegris (ENTG) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-32598
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	129 Concord Road,
Entity Address, City or Town	Billerica,
Entity Address, State or Province	MA
Entity Tax Identification Number	41-1941551
Entity Address, Postal Zip Code	01821
City Area Code	978
Local Phone Number	436-6500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	ENTG
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		150,158,883
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	ENTEGRIS INC
Entity Central Index Key	0001101302
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 594,020	$ 561,559
Restricted cash	0	1,880
Trade accounts and notes receivable, net of allowance for credit losses of $4,126 and $5,443	463,083	535,485
Inventories, net	662,169	812,815
Deferred tax charges and refundable income taxes	67,848	47,618
Assets held-for-sale	1,045,217	246,531
Other current assets	111,223	129,297
Total current assets	2,943,560	2,335,185
Property, plant and equipment, net of accumulated depreciation of $869,951 and $770,093	1,406,357	1,393,337
Other assets:
Right-of-use assets	83,548	94,940
Goodwill	3,954,036	4,408,331
Intangible assets, net of accumulated amortization of $771,786 and $636,872	1,368,363	1,841,955
Deferred tax assets and other noncurrent tax assets	30,211	28,867
Other	38,541	36,242
Total assets	9,824,616	10,138,857
Current liabilities:
Short-term debt, including current portion of long-term debt	0	151,965
Accounts payable	139,637	172,488
Accrued payroll and related benefits	109,284	142,340
Accrued interest payable	65,195	25,571
Liabilities held-for-sale	139,270	10,637
Other accrued liabilities	166,258	160,873
Income taxes payable	63,515	98,057
Total current liabilities	683,159	761,931
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $113,003 and $140,107	5,425,496	5,632,928
Pension benefit obligations and other liabilities	44,627	54,090
Deferred tax liabilities and other noncurrent tax liabilities	231,698	391,192
Long-term lease liability	71,347	80,716
Equity:
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of September 30, 2023 and December 31, 2022	0	0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of September 30, 2023: 150,357,237 and 150,154,837, respectively; issued and outstanding shares as of December 31, 2022: 149,339,486 and 149,137,086, respectively	1,504	1,493
Treasury stock, at cost: 202,400 shares held as of September 30, 2023 and December 31, 2022	(7,112)	(7,112)
Additional paid-in capital	2,283,823	2,205,325
Retained earnings	1,128,907	1,031,391
Accumulated other comprehensive loss	(38,833)	(13,097)
Total equity	3,368,289	3,218,000
Total liabilities and equity	$ 9,824,616	$ 10,138,857

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Trade accounts and notes receivable, allowance for doubtful accounts	$ 4,126	$ 5,443
Property, plant and equipment, accumulated depreciation	869,951	770,093
Intangible assets, Accumulated amortization	771,786	636,872
Unamortized discount and debt issuance costs	$ 113,003	$ 140,107
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	150,357,237	149,339,486
Common stock, shares outstanding	150,154,837	149,137,086
Treasury stock, shares outstanding	202,400	202,400

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Net Sales	$ 888,239	$ 993,828	$ 2,711,635	$ 2,335,963
Cost of sales	521,165	622,157	1,558,710	1,344,075
Gross profit	367,074	371,671	1,152,925	991,888
Selling, general and administrative expenses	116,051	226,446	431,514	404,239
Engineering, research and development expenses	66,810	64,990	209,746	160,953
Amortization of intangible assets	51,239	65,346	163,493	90,491
Impairment of goodwill	15,913		104,785	0
Gain on termination of alliance agreement	0	0	(154,754)	0
Operating income	117,061	14,889	398,141	336,205
Interest expense	77,820	84,150	244,874	129,027
Interest income	(2,226)	(1,395)	(5,854)	(2,065)
Other expense, net	10,243	12,852	13,309	27,373
Income (loss) before income tax (benefit) expense	31,224	(80,718)	145,812	181,870
Income tax (benefit) expense	(2,127)	(7,015)	2,851	30,377
Equity in net loss of affiliates	139	0	269	0
Net income (loss)	$ 33,212	$ (73,703)	$ 142,692	$ 151,493
Basic earnings (loss) per common share	$ 0.22	$ (0.50)	$ 0.95	$ 1.08
Diluted earnings (loss) per common share	$ 0.22	$ (0.50)	$ 0.95	$ 1.08
Weighted shares outstanding:
Basic	150,127	148,570	149,793	140,045
Diluted	151,229	148,570	150,816	140,892

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Net income (loss)	$ 33,212	$ (73,703)	$ 142,692	$ 151,493
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(9,174)	(37,461)	(23,451)	(48,603)
Pension liability adjustments	(33)	0	4	73
Interest Rate Swap - Cash flow hedge	(2,050)	30,743	(2,289)	30,743
Other comprehensive loss	(11,257)	(6,718)	(25,736)	(17,787)
Comprehensive income (loss)	$ 21,955	$ (80,421)	$ 116,956	$ 133,706

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income Paranthetical - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Supplemental Income Statement Elements [Abstract]
Other Comprehensive Income (Loss), Tax	$ (598)	$ 9,285	$ (667)	$ 9,285

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Equity Condensed Consolidatd Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock, Common	Additional Paid-in Capital	Retained Earnings	Foreign currency translation adjustments	Defined benefit pension adjustments	Interest Rate Swap - Cash flow hedge
Balance (in shares) at Dec. 31, 2021		135,719	202
Balance at Dec. 31, 2021	$ 1,713,781	$ 1,357	$ (7,112)	$ 879,845	$ 879,776	$ (38,863)	$ (1,222)	$ 0
Shares issued under stock plans (in shares)		366
Shares issued under stock plans	(12,738)	$ 4	0	(12,742)	0	0	0	0
Share-based compensation expense	9,285	0	0	9,285	0	0	0	0
Dividends, Common Stock, Cash	(13,660)	0	0	0	(13,660)	0	0	0
Pension liability adjustments	73	0	0	0	0	0	73	0
Foreign currency translation adjustments	(2,128)	0	0	0	0	(2,128)	0	0
Net income (loss)	125,705	$ 0	$ 0	0	125,705	0	0	0
Balance (in shares) at Apr. 02, 2022		136,085	202
Balance at Apr. 02, 2022	1,820,318	$ 1,361	$ (7,112)	876,388	991,821	(40,991)	(1,149)	0
Balance (in shares) at Dec. 31, 2021		135,719	202
Balance at Dec. 31, 2021	1,713,781	$ 1,357	$ (7,112)	879,845	879,776	(38,863)	(1,222)	0
Balance (in shares) at Jul. 02, 2022		136,173	202
Balance at Jul. 02, 2022	$ 1,912,714	$ 1,362	$ (7,112)	891,967	1,077,651	(50,005)	(1,149)	0
Common Stock, Dividends, Per Share, Declared	$ 0.10
Balance (in shares) at Dec. 31, 2021		135,719	202
Balance at Dec. 31, 2021	$ 1,713,781	$ 1,357	$ (7,112)	879,845	879,776	(38,863)	(1,222)	0
Interest Rate Swap - Cash flow hedge	30,743
Pension liability adjustments	73
Foreign currency translation adjustments	(48,603)
Net income (loss)	151,493
Balance (in shares) at Oct. 01, 2022		149,237	202
Balance at Oct. 01, 2022	3,116,317	$ 1,492	$ (7,112)	2,190,961	988,848	(87,466)	(1,149)	30,743
Business Combination, Acquisition Related Costs	39,300
Balance (in shares) at Apr. 02, 2022		136,085	202
Balance at Apr. 02, 2022	1,820,318	$ 1,361	$ (7,112)	876,388	991,821	(40,991)	(1,149)	0
Shares issued under stock plans (in shares)		88
Shares issued under stock plans	5,398	$ 1	0	5,397	0	0	0	0
Share-based compensation expense	10,182	0	0	10,182	0	0	0	0
Dividends, Common Stock, Cash	(13,661)	0	0	0	(13,661)	0	0	0
Foreign currency translation adjustments	(9,014)	0	0	0	0	(9,014)	0	0
Net income (loss)	99,491	$ 0	$ 0	0	99,491	0	0	0
Balance (in shares) at Jul. 02, 2022		136,173	202
Balance at Jul. 02, 2022	1,912,714	$ 1,362	$ (7,112)	891,967	1,077,651	(50,005)	(1,149)	0
Shares issued under stock plans (in shares)		137
Shares issued under stock plans	(4,643)	$ 1	0	(4,644)	0	0	0	0
Share-based compensation expense	38,077	$ 0	0	38,077	0	0	0	0
Stock Issued During Period, Shares, Acquisitions		12,927
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	(15,100)	0	0	0	(15,100)	0	0	0
Interest Rate Swap - Cash flow hedge	30,743	0	0	0	0	0	0	30,743
Pension liability adjustments	0
Foreign currency translation adjustments	(37,461)	0	0	0	0	(37,461)	0	0
Net income (loss)	(73,703)	$ 0	$ 0	0	(73,703)	0	0	0
Balance (in shares) at Oct. 01, 2022		149,237	202
Balance at Oct. 01, 2022	$ 3,116,317	$ 1,492	$ (7,112)	2,190,961	988,848	(87,466)	(1,149)	30,743
Common Stock, Dividends, Per Share, Declared	$ 0.10
Business Combination, Acquisition Related Costs	$ 31,900
Balance (in shares) at Dec. 31, 2022		149,339	202
Balance at Dec. 31, 2022	$ 3,218,000	$ 1,493	$ (7,112)	2,205,325	1,031,391	(49,083)	(83)	36,069
Common Stock, Dividends, Per Share, Declared	$ 0.10
Shares issued under stock plans (in shares)		530
Shares issued under stock plans	$ 8,987	$ 6	0	8,981	0	0	0	0
Share-based compensation expense	30,678	0	0	30,678	0	0	0	0
Dividends, Common Stock, Cash	(15,092)	0	0	0	(15,092)	0	0	0
Interest Rate Swap - Cash flow hedge	(9,955)	0	0	0	0	0	0	(9,955)
Pension liability adjustments	37	0	0	0	0	0	37	0
Foreign currency translation adjustments	23,734	0	0	0	0	23,734	0	0
Net income (loss)	(88,166)	$ 0	$ 0	0	(88,166)	0	0	0
Balance (in shares) at Apr. 01, 2023		149,869	202
Balance at Apr. 01, 2023	$ 3,168,223	$ 1,499	$ (7,112)	2,244,984	928,133	(25,349)	(46)	26,114
Common Stock, Dividends, Per Share, Declared	$ 0.10
Balance (in shares) at Dec. 31, 2022		149,339	202
Balance at Dec. 31, 2022	$ 3,218,000	$ 1,493	$ (7,112)	2,205,325	1,031,391	(49,083)	(83)	36,069
Interest Rate Swap - Cash flow hedge	(2,289)
Pension liability adjustments	4	$ 0	$ 0	0	0	0	0	0
Foreign currency translation adjustments	(23,451)
Net income (loss)	142,692
Balance (in shares) at Sep. 30, 2023		150,357	202
Balance at Sep. 30, 2023	3,368,289	$ 1,504	$ (7,112)	2,283,823	1,128,907	(72,534)	(79)	33,780
Balance (in shares) at Apr. 01, 2023		149,869	202
Balance at Apr. 01, 2023	3,168,223	$ 1,499	$ (7,112)	2,244,984	928,133	(25,349)	(46)	26,114
Shares issued under stock plans (in shares)		439
Shares issued under stock plans	18,134	$ 4	0	18,130	0	0	0	0
Share-based compensation expense	11,458	0	0	11,458	0	0	0	0
Dividends, Common Stock, Cash	(14,961)	0	0	0	(14,961)	0	0	0
Interest Rate Swap - Cash flow hedge	9,716	0	0	0	0	0	0	9,716
Pension liability adjustments	0
Foreign currency translation adjustments	(38,011)	0	0	0	0	(38,011)	0	0
Net income (loss)	197,646	$ 0	$ 0	0	197,646	0	0	0
Balance (in shares) at Jul. 01, 2023		150,308	202
Balance at Jul. 01, 2023	$ 3,352,205	$ 1,503	$ (7,112)	2,274,572	1,110,818	(63,360)	(46)	35,830
Common Stock, Dividends, Per Share, Declared	$ 0.10
Shares issued under stock plans (in shares)		49
Shares issued under stock plans	$ (1,028)	$ 1	0	(1,029)	0	0	0	0
Share-based compensation expense	10,280	0	0	10,280	0	0	0	0
Dividends, Common Stock, Cash	(15,123)	0	0	0	(15,123)	0	0	0
Interest Rate Swap - Cash flow hedge	(2,050)	0	0	0	0	0	0	(2,050)
Pension liability adjustments	(33)	0	0	0	0	0	(33)	0
Foreign currency translation adjustments	(9,174)	0	0	0	0	(9,174)	0	0
Net income (loss)	33,212	$ 0	$ 0	0	33,212	0	0	0
Balance (in shares) at Sep. 30, 2023		150,357	202
Balance at Sep. 30, 2023	$ 3,368,289	$ 1,504	$ (7,112)	$ 2,283,823	$ 1,128,907	$ (72,534)	$ (79)	$ 33,780
Common Stock, Dividends, Per Share, Declared	$ 0.10

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended					6 Months Ended
	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Jul. 02, 2022
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022
Operating activities:
Net income (loss)	$ 142,692	$ 151,493
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	130,125	93,489
Amortization	163,493	90,491
Share-based compensation expense	52,416	57,544
Charge for fair value mark-up of acquired inventory sold	0	61,932
Provision for deferred income taxes	(95,366)	(56,964)
Impairment of goodwill	104,785	0
Loss on extinguishment of debt	10,862	2,235
Loss from sale of business and held-for-sale	28,579	0
Gain (Loss) on Contract Termination	(154,754)	0
Charge for excess and obsolete inventory	29,314	17,582
Amortization of Debt Issuance Costs	16,718	9,211
Other	21,801	29,459
Changes in operating assets and liabilities:
Trade accounts and notes receivable	(295)	(34,378)
Inventories	63,340	(180,335)
Accounts payable and accrued liabilities	4,345	83,307
Other current assets	1,644	(4,248)
Income taxes payable and refundable income taxes	(36,774)	(15,637)
Other	(4,013)	15,049
Net cash provided by operating activities	478,912	320,230
Investing activities:
Acquisition of property, plant and equipment	(328,182)	(318,836)
Acquisition of businesses, net of cash acquired	0	(4,474,925)
Proceeds from sale of business	134,286	0
Proceeds from termination of alliance agreement	169,251	0
Other	1,919	1,124
Net cash used in investing activities	(22,726)	(4,792,637)
Financing activities:
Proceeds from revolving credit facility and short-term debt	0	476,000
Payments of revolving credit facility and short-term debt	(135,000)	(271,000)
Proceeds from long-term debt	217,449	4,940,753
Payments for debt issuance costs	(3,475)	(99,489)
Repayments of Debt	(468,950)	(145,000)
Payments for dividends	(45,202)	(42,413)
Issuance of common stock	37,633	10,764
Taxes paid related to net share settlement of equity awards	(11,540)	(22,747)
Other	(923)	(859)
Net cash (used in) provided by financing activities	(410,008)	4,846,009
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(15,597)	(21,500)
Increase in cash, cash equivalents and restricted cash	(30,581)	(352,102)
Cash, cash equivalents and restricted cash at beginning of period	563,439	402,565
Cash, cash equivalents and restricted cash at end of period	594,020	754,667
Supplemental Cash Flow Information
Equipment purchases in accounts payable	35,684	19,362
Dividend payable	628	666
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	0	1,265,690
Schedule of interest and taxes paid
Interest paid less capitalized interest	292,416	22,917
Income taxes paid, net of refunds received	$ 129,474	$ 96,729

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Nature of Operations Entegris, Inc. (“Entegris”, “the Company”, “us”, “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 condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basis of Presentation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and contain all adjustments considered necessary, and are of a normal recurring nature, to present fairly the financial position as of September 30, 2023 and December 31, 2022, and the results of operations and comprehensive income for the three and nine months ended September 30, 2023 and October 1, 2022, the equity statements as of and for the three and nine months ended September 30, 2023 and October 1, 2022, and cash flows for the nine months ended September 30, 2023 and October 1, 2022. The condensed consolidated financial statements and accompanying notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for the full year. In the third quarter of 2023, in order to align its segment financial reporting with a change in its business structure, the Company realigned its segments. Following the segment realignment, the Company’s three reportable segments are as follows (1) Materials Solutions, (2) Microcontamination Control, and (3) Advanced Materials Handling. The current interim and succeeding annual periods will disclose the reportable segments with prior periods recast to reflect the change. Recently Adopted Accounting Pronouncements The Company currently has no material recently adopted accounting pronouncements.

Revenues Revenues

Revenues Revenues	9 Months Ended
	Sep. 30, 2023
Revenues [Abstract]
Revenue from Contract with Customer	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 condensed consolidated balance sheet. Nine months ended (In thousands) September 30, 2023 October 1, 2022 Balance at beginning of period $ 60,476 $ 23,050 Revenue recognized that was included in the contract liability balance at the beginning of the period (32,736) (26,444) Increases due to cash received, excluding amounts recognized as revenue during the period 56,145 40,725 Contract liabilities included as part of disposition (6,226) — Additions due to acquisitions — 11,108 Balance at end of period $ 77,659 $ 48,439

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	3 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Disclosure	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 Electronic Chemicals (“EC”) reporting unit within what is now the Materials Solutions segment (the segment resulting from combining the 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 goodwill, intangible assets, and long-lived assets 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 did not consider a modification to the useful life 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 loss was recorded with the finalization of certain purchase price adjustments of $15.9 million during the three months ended September 30, 2023. The impairment is classified as goodwill impairment in the Company's condensed consolidated statement of operations. The goodwill impairment is non-taxable. 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.

Acquisition

Acquisition	3 Months Ended
	Oct. 01, 2022
Business Combinations [Abstract]
Business Combination Disclosure	CMC Materials On July 6, 2022 (the “Closing Date”), the Company completed its acquisition of CMC Materials, Inc. (now known as CMC Materials LLC) (“CMC Materials”) for approximately $6.0 billion in cash and stock (the “Acquisition”) pursuant to an Agreement and Plan of Merger, 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 condensed consolidated financial statements as of and since July 6, 2022. CMC Materials 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. Direct costs of $31.9 million and $39.3 million associated with the acquisition of CMC Materials, consisting primarily of professional and consulting fees, were expensed as incurred in the three and nine months ended October 1, 2022, respectively. These costs are classified as selling, general and administrative expense in the Company's condensed consolidated statement of operations. CMC Materials is a global supplier of consumable materials, primarily to semiconductor manufacturers. CMC Materials’ 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 broadened the Company’s solutions set and enables the Company to bring to market a broader array of innovative and high-value solutions, at a faster pace, 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. 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: (In thousands): 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 are amortized on a straight-line basis: (In thousands) Amount Weighted 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 1.0 $ 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 identify the fair value of 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) 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 January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of what the Company’s condensed consolidated results of operations actually 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. Three months ended Nine months ended (In thousands, except share data) October 1, 2022 October 1, 2022 Net sales $ 993,828 $ 2,974,781 Net income 63,940 234,621 Per share amounts: Net income per common share - basic $ 0.43 $ 1.58 Net income per common share - diluted $ 0.43 $ 1.56 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. 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 one-time gain on the termination of two swap instruments which were terminated on June 24, 2022 in connection with the repayment of CMC Materials’ debt upon completion of the Acquisition. • 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 income tax effect of the transaction accounting adjustments related to the Acquisition calculated using a blended statutory income tax rate of 22.5%. • 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 and is non-recurring in nature.

Assets Held For Sale

Assets Held For Sale	3 Months Ended
	Sep. 30, 2023
Asset, Held-for-Sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale	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 condensed consolidated statement of operations. At the time of the termination, the transaction had not received clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). 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. The assets and liabilities continue to be classified as held-for-sale at September 30, 2023. 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 September 30, 2023: (In thousands) Assets: September 30, 2023 Current assets $ 49,277 Property, Plant and Equipment, net 113,305 Intangible assets, net 76,692 Goodwill 12,707 Other assets 1,364 Total assets-held-for sale $ 253,345 Liabilities: Accounts payable $ 5,675 Accrued expenses 7,978 Long-term liabilities 1,959 Total liabilities-held-for sale $ 15,612 Income before income taxes attributable to the PIM business was $12.0 million and $33.3 million for the three and nine months ended September 30, 2023, respectively. Asset held-for-sale - EC Business On May 10, 2023, the Company announced entry into a definitive agreement to sell its Electronic Chemicals (“EC”) business, which became part of the Company with the acquisition of CMC Materials, to FUJIFILM Holdings America Corporation for approximately $700.0 million, subject to customary adjustments with respect to cash, working capital, indebtedness and transaction expenses. The EC business specializes in purification, formulation, blending, packaging and distribution of high-purity process chemicals used within the semiconductor and microelectronic manufacturing processes. In connection with the held-for-sale classification, upon the remeasurement of the disposal group to its fair value, less cost to sell, we recognized a loss on the assets held-for-sale of $13.6 million as loss on held for sale for the three months ended July 1, 2023 and a loss of $15.9 million on impairment of goodwill for the three months ended September 30, 2023. The loss on assets held-for-sale are included in Selling, general and administrative expenses and the goodwill impairment is included in goodwill impairment in the condensed consolidated statement of operations. 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. EC Assets-held-for sale comprise the following as of September 30, 2023: (In thousands) Assets: September 30, 2023 Current assets $ 92,563 Property, Plant and Equipment, net 177,020 Intangible assets, net 263,686 Goodwill 250,638 Other assets 7,965 Total assets-held-for sale $ 791,872 Liabilities: Accounts payable $ 18,975 Accrued expenses 15,255 Long-term liabilities 89,428 Total liabilities-held-for sale $ 123,658 (Income)/Loss before income taxes attributable to the EC business was ($0.9) million and $85.7 million for the three and nine months ended September 30, 2023. The loss before income taxes attributed to the EC business for the three months ended September 30, 2023 includes incremental goodwill impairment of $15.9 million. The loss before income taxes attributable to the EC business for the nine months ended September 30, 2023 includes total goodwill impairment charges of $104.8 million and loss on assets held-for-sale of $13.6 million for expected transaction expenses. On October 2, 2023, following the end of our third quarter of 2023, the Company completed the sale of the EC business. The Company received gross cash proceeds of $737.1 million, or net proceeds of $694.3 million, which includes cash sold of $42.8 million, which remains subject to customary final post-closing adjustments. The Company intends to use the proceeds of this transaction for early repayment of debt. 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, which are subject to further post-closing adjustment: (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 $ 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 842 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 condensed consolidated statements of operations for the nine months ended September 30, 2023. The Company recorded an income tax benefit associated with the QED divestiture of approximately $6.8 million.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
	Sep. 30, 2023
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum to the total of the same amounts shown in the condensed consolidated statement of cash flows. (In thousands) September 30, 2023 December 31, 2022 Cash and cash equivalents $ 594,020 $ 561,559 Restricted cash — 1,880 Total cash, cash equivalents and restricted cash $ 594,020 $ 563,439
Restricted Assets Disclosure	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum to the total of the same amounts shown in the condensed consolidated statement of cash flows. (In thousands) September 30, 2023 December 31, 2022 Cash and cash equivalents $ 594,020 $ 561,559 Restricted cash — 1,880 Total cash, cash equivalents and restricted cash $ 594,020 $ 563,439

Inventories

Inventories	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following: (In thousands) September 30, 2023 December 31, 2022 Raw materials $ 278,184 $ 337,576 Work-in-process 51,596 60,182 Finished goods (1) 332,389 415,057 Total inventories, net $ 662,169 $ 812,815 (1) Includes consignment inventories held by customers of $21.3 million and $46.2 million at September 30, 2023 and December 31, 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Goodwill activity for each of the Company’s reportable segments that carry goodwill, Materials Solutions (“MS”), Microcontamination Control (“MC”), and Advanced Materials Handling (“AMH”), was as follows at December 31, 2022 and September 30, 2023: (In thousands) MS MC AMH Total December 31, 2022 $ 4,092,141 $ 242,088 $ 74,102 $ 4,408,331 Goodwill impairment (104,785) — — (104,785) Disposition of business (90,005) — — (90,005) Purchase accounting adjustments (1,021) — — (1,021) Assets held-for-sale (254,524) — — (254,524) Foreign currency translation (43) (3,917) — (3,960) September 30, 2023 $ 3,641,763 $ 238,171 $ 74,102 $ 3,954,036 The changes in our goodwill balance of $454.3 million reflect (1) the goodwill impairment of our EC reporting unit of $104.8 million, as described in Note 3, (2) the sale of the QED business and related goodwill of that business of $90.0 million, see Note 5, (3) purchase accounting adjustments of $1.0 million, (4) goodwill reclassified to asset held-for-sale of $254.5 million related to the PIM and EC businesses as described in Note 5 and (5) foreign currency translation of $4.0 million. Identifiable intangible assets at September 30, 2023 and December 31, 2022 consist of the following: September 30, 2023 (In thousands) Gross carrying Accumulated Net carrying Developed technology $ 1,262,647 $ 421,703 $ 840,944 Trademarks and trade names 172,260 35,395 136,865 Customer relationships 673,718 294,056 379,662 In-process research and development (1) 7,600 — 7,600 Other 23,924 20,632 3,292 $ 2,140,149 $ 771,786 $ 1,368,363 December 31, 2022 (In thousands) Gross carrying Accumulated Net carrying Developed technology $ 1,302,101 $ 313,876 $ 988,225 Trademarks and trade names 250,473 29,565 220,908 Customer relationships 863,947 273,039 590,908 In-process research and development (1) 31,100 — 31,100 Other 31,206 20,392 10,814 $ 2,478,827 $ 636,872 $ 1,841,955 (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. Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at September 30, 2023: (In thousands) Remaining 2023 2024 2025 2026 2027 Thereafter Total Future amortization expense $ 51,134 194,670 188,318 185,372 181,684 567,185 $ 1,368,363

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt Disclosure	The Company’s debt as of September 30, 2023 and December 31, 2022 consists of the following: (In thousands) September 30, 2023 December 31, 2022 Senior secured term loan facility due 2029 2,243,499 2,495,000 Senior secured notes due 2029 1,600,000 1,600,000 Senior unsecured notes due 2030 895,000 895,000 Senior unsecured notes due 2029 400,000 400,000 Senior unsecured notes due 2028 400,000 400,000 Bridge credit facility due 2023 — 135,000 Revolving facility due 2027 — — Total debt (par value) 5,538,499 5,925,000 Unamortized discount and debt issuance costs 113,003 140,107 Total debt, net $ 5,425,496 $ 5,784,893 Less short-term debt, including current portion of long-term debt — 151,965 Total long-term debt, net $ 5,425,496 $ 5,632,928 Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of September 30, 2023 are as follows: (In thousands) Remaining 2023 2024 2025 2026 2027 Thereafter Total Contractual debt obligation maturities (1) $ — — — — — 5,425,496 5,425,496 (1) Subject to Excess Cash Flow payments to the lenders. 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 provides 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”). The New Tranche B Term Loans will bear interest under the Amended Credit Agreement 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%. Consistent with the Original Tranche B Term Loans, the new Tranche B Term Loans will mature on July 6, 2029. Other than as described herein (and more fully described in the Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. 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 will 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%. 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 September 30, 2023, during the fiscal year 2023, the Company has repaid $251.5 million 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 $4.5 million and $12.1 million for the three and nine months ended September 30, 2023, which is included in Other expense, net on the condensed 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 three and nine months ended September 30, 2023, which is included in Other expense, net on the condensed consolidated statements of operations.

Fair Value Measures and Disclos

Fair Value Measures and Disclosures	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	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. Level 3 No Level 3 financial instruments. The following table presents financial instruments, other than debt, that we measure at fair value on a recurring basis. See Note 9 of this Report on Form 10-Q for a discussion of our debt. In instances where the inputs used to measure the fair value of an asset fall into more than one level of the hierarchy, we have classified it based on the lowest level input that is significant to the determination of the fair value. Fair Value Measurements at Reporting Date Using (In thousands): Level 1 Level 2 Level 3 Total Assets: September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Cash and cash equivalents $ 594,020 $ 561,559 $ — $ — $ — $ — $ 594,020 $ 561,559 Restricted cash — 1,880 — — — — — 1,880 Derivative financial instruments - Interest rate swap - cash flow hedge — — 43,633 46,589 — — 43,633 46,589 Derivative financial instruments -Forward exchange contracts — — — 726 — — — 726 Total Assets $ 594,020 $ 563,439 $ 43,633 $ 47,315 $ — $ — $ 637,653 $ 610,754 Liabilities: Derivative financial instruments - Forward exchange contracts $ — $ — $ — $ 193 $ — $ — $ — $ 193 Total Liabilities $ — $ — $ — $ 193 $ — $ — $ — $ 193 Other Fair Value Disclosures The estimated fair value and carrying value of our debt as of September 30, 2023 and December 31, 2022 were as follows: September 30, 2023 December 31, 2022 (In thousands) Carrying Value Fair Value Carrying Value Fair Value Total debt, net $ 5,425,496 $ 5,094,697 $ 5,784,893 $ 5,428,900

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 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 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 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 condensed consolidated statement of operations. The notional amounts of our derivative instruments are as follows: (In thousands) September 30, 2023 December 31, 2022 Derivatives designated as hedging instruments: Interest rate swap contract - cash flow hedge $ 1,650,000 $ 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 — 26,225 The fair values of our derivative instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Derivative Assets Derivative Liabilities Condensed Consolidated Balance Sheet Location September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Derivatives designated as hedging instruments - Interest rate swap contract -cash flow hedge Other current assets $ 31,827 $ 32,481 $ — $ — Other assets - long-term 11,806 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 condensed consolidated statements of operations: (Gain) Loss Recognized in Condensed Consolidated Statements of Income (In thousands) Condensed Consolidated Statements of Operations Location Three months ended Nine months ended Derivatives designated as hedging instruments: September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest rate swap contract-cash flow hedge Interest expense, net $ (9,530) $ — $ (27,081) $ — Derivatives not designated as hedging instruments: Foreign exchange contracts Other expense, net $ — $ 562 $ (374) $ 562 The following table summarizes the effects of our derivative instruments on Accumulated Other Comprehensive Income: Gain (Loss) recognized in Other Comprehensive Income (Loss) (In thousands) Three months ended Nine months ended Derivatives designated as hedging instruments: September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest rate swap contract - Cash flow hedge $ (2,050) $ 30,743 $ (2,289) $ 30,743 We expect approximately $31.8 million to be reclassified from accumulated other comprehensive 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 September 30, 2023.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of the annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates an estimate of the annual effective tax rate, and if the estimated tax rate changes, we make a cumulative adjustment. The Company recorded income tax (benefit) expense of ($2.1) million and $2.9 million for the three and nine months ended September 30, 2023, respectively, compared to income tax (benefit) expense of ($7.0) million and $30.4 million for the three and nine months ended October 1, 2022, respectively. The Company’s effective income tax rate was (6.8%) and 2.0% for the three and nine months ended September 30, 2023, respectively, compared to 8.7% and 16.7% for the three and nine months ended October 1, 2022, respectively.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share	Basic earnings per common share (“EPS”) is calculated based on the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per common share is calculated based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the applicable period. The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per common share: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Basic—weighted common shares outstanding 150,127 148,570 149,793 140,045 Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock 1,102 — 1,023 847 Diluted—weighted common shares and common shares equivalent outstanding 151,229 148,570 150,816 140,892 The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2023 and October 1, 2022: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Shares excluded from calculations of diluted EPS 465 1,610 672 415

Other expense (income), net

Other expense (income), net	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other expense (income), net	Other expense, net for the three and nine months ended September 30, 2023 and October 1, 2022 consists of the following: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Infineum termination fee, net $ — $ — $ (10,876) $ — Loss on foreign currency transactions 4,928 13,631 11,214 28,254 Loss on extinguishment of debt and modification 4,532 2,235 12,893 2,235 Other, net 783 (3,014) 78 (3,116) Other expense, net $ 10,243 $ 12,852 $ 13,309 $ 27,373

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	In the third quarter of 2023, in order to align its segment financial reporting with a change in its business structure, the Company realigned its segments. Following the segment realignment, the Company’s three reportable segments are as follows: (1) Materials Solutions, (2) Microcontamination Control, and (3) Advanced Materials Handling. The current interim and succeeding annual periods will disclose the reportable segments with prior periods recast to reflect the change. The Company’s financial segment reporting reflects an organizational alignment intended to leverage the Company’s unique breadth of capabilities to create mission-critical advanced materials, microcontamination control products, and advanced materials handling solutions that maximize manufacturing yields, reduce manufacturing costs and enable higher device performance for its customers. While these segments have separate products and technical know-how, they share common business systems and processes, technology centers, and strategic and technology roadmaps. The Company leverages its expertise from these three segments to create new and increasingly integrated solutions for its customers. The Company reports its financial performance in the following segments: • Materials Solutions: MS provides advanced consumable materials, 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’ technical roadmap, improve device performance, lower their total cost of ownership and enhance their yields. • Microcontamination Control: MC offers solutions to filter and purify critical liquid and gaseous chemistries used in semiconductor manufacturing processes and other high-technology industries. • Advanced Materials Handling: AMH develops solutions to monitor, protect, transport and deliver critical liquid chemistries, wafers and other substrates for a broad set of applications in the semiconductor industry, life sciences and other high-technology industries. Summarized financial information for the Company’s reportable segments is shown in the following tables. Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net sales MS $ 435,538 $ 518,046 $ 1,324,502 $ 922,196 MC 286,217 280,550 839,128 821,320 AMH 180,248 210,405 589,457 632,602 Inter-segment elimination (13,764) (15,173) (41,452) (40,155) Total net sales $ 888,239 $ 993,828 $ 2,711,635 $ 2,335,963 Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Segment profit MS (1) (2) $ 56,955 $ 53,131 $ 243,171 $ 147,700 MC 101,132 105,335 297,790 304,062 AMH 31,642 42,077 115,637 135,693 Total segment profit $ 189,729 $ 200,543 $ 656,598 $ 587,455 1) Materials Solutions segment profit is inclusive of a $154.8 million gain, net on the termination of the Alliance Agreement for the nine months ended September 30, 2023. See Note 5 to the Company’s condensed consolidated financial statements for further discussion. 2) Materials Solutions segment profit is inclusive of a $15.9 million and $104.8 million goodwill impairment charge relating to the EC reporting unit for the three and nine months ended September 30, 2023, respectively. See Note 3 to the Company’s condensed consolidated financial statements for further discussion. The following table reconciles total segment profit to income before income tax (benefit) expense: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Total segment profit $ 189,729 $ 200,543 $ 656,598 $ 587,455 Less: Amortization of intangible assets 51,239 65,346 163,493 90,491 Unallocated general and administrative expenses 21,429 120,308 94,964 160,759 Operating income 117,061 14,889 398,141 336,205 Interest expense 77,820 84,150 244,874 129,027 Interest income (2,226) (1,395) (5,854) (2,065) Other expense, net 10,243 12,852 13,309 27,373 Income before income tax (benefit) expense $ 31,224 $ (80,718) $ 145,812 $ 181,870 In the following tables, revenue is disaggregated by customers’ country or region based on the ship to location of the customer for the three and nine months ended September 30, 2023 and October 1, 2022, respectively. Three months ended September 30, 2023 (In thousands) MS MC AMH Inter-segment Total North America $ 141,427 $ 42,115 $ 52,130 $ (13,764) $ 221,908 Taiwan 61,094 61,710 28,249 — 151,053 China 47,012 60,009 38,409 — 145,430 South Korea 50,085 28,978 23,303 — 102,366 Japan 26,364 57,472 10,279 — 94,115 Europe 63,346 19,951 17,213 — 100,510 Southeast Asia 46,210 15,982 10,665 — 72,857 $ 435,538 $ 286,217 $ 180,248 $ (13,764) $ 888,239 Three months ended October 1, 2022 (In thousands) MS MC AMH Inter-segment Total North America $ 155,877 $ 42,716 $ 67,794 $ (15,173) $ 251,214 Taiwan 73,066 70,536 38,712 — 182,314 China 79,845 58,398 28,717 — 166,960 South Korea 59,932 30,583 29,339 — 119,854 Japan 32,167 42,505 16,336 — 91,008 Europe 63,375 20,977 18,401 — 102,753 Southeast Asia 53,784 14,835 11,106 — 79,725 $ 518,046 $ 280,550 $ 210,405 $ (15,173) $ 993,828 Nine Months Ended September 30, 2023 (In thousands) MS MC AMH Inter-segment Total North America $ 429,637 $ 129,827 $ 184,003 $ (41,452) $ 702,015 Taiwan 176,414 169,933 93,691 — 440,038 China 145,675 170,381 105,422 — 421,478 South Korea 162,341 88,631 84,943 — 335,915 Japan 81,434 165,014 33,363 — 279,811 Europe 192,578 71,602 61,099 — 325,279 Southeast Asia 136,423 43,740 26,936 — 207,099 $ 1,324,502 $ 839,128 $ 589,457 $ (41,452) $ 2,711,635 Nine Months Ended October 1, 2022 (In thousands) MS MC AMH Inter-segment Total North America $ 273,948 $ 113,984 $ 205,414 $ (40,155) $ 553,191 Taiwan 139,378 232,711 111,722 — 483,811 China 139,184 142,639 87,347 — 369,170 South Korea 109,175 93,718 89,367 — 292,260 Japan 76,861 137,103 44,701 — 258,665 Europe 92,485 60,670 65,976 — 219,131 Southeast Asia 91,165 40,495 28,075 — 159,735 $ 922,196 $ 821,320 $ 632,602 $ (40,155) $ 2,335,963

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Disposition and Debt Repayment On October 2, 2023, the Company completed the sale of the EC business. The Company received cash proceeds of $737.1 million, or net proceeds of $694.3 million, which includes cash sold of $42.8 million, subject to customary final post-closing adjustments. On October 6, 2023 and October 31, 2023, the Company made repayments of $287.2 million and $362.6 million, respectively, of outstanding borrowings under the senior secured term loan facility due 2029. The Company intends to use the remaining proceeds of this transaction for early repayment of debt. Dividend On October 18, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share to be paid on November 22, 2023 to shareholders of record on the close of business on November 1, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Oct. 01, 2022	Jul. 02, 2022	Apr. 02, 2022	Sep. 30, 2023	Oct. 01, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 33,212	$ 197,646	$ (88,166)	$ (73,703)	$ 99,491	$ 125,705	$ 142,692	$ 151,493

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Rule 10b5-1 Trading Plan Arrangements On August 25, 2023, Joseph M. Colella, our Senior Vice President, General Counsel and Secretary, entered into a Rule 10b5-1 Plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Mr. Colella’s plan provides for the sale of up to 5,461 share s of the Company’s common stock. The plan expires on August 23, 2024, or upon the earlier completion of all authorized transactions under the plan.
Title	Senior Vice President, General Counsel and Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 25, 2023
Termination Date	August 23, 2024
Aggregate Available	5,461	5,461

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Entegris, Inc. (“Entegris”, “the Company”, “us”, “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 condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and contain all adjustments considered necessary, and are of a normal recurring nature, to present fairly the financial position as of September 30, 2023 and December 31, 2022, and the results of operations and comprehensive income for the three and nine months ended September 30, 2023 and October 1, 2022, the equity statements as of and for the three and nine months ended September 30, 2023 and October 1, 2022, and cash flows for the nine months ended September 30, 2023 and October 1, 2022. The condensed consolidated financial statements and accompanying notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results to be expected for the full year.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements The Company currently has no material recently adopted accounting pronouncements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2023
Revenues [Abstract]
Contract with Customer, Asset and Liability	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 condensed consolidated balance sheet. Nine months ended (In thousands) September 30, 2023 October 1, 2022 Balance at beginning of period $ 60,476 $ 23,050 Revenue recognized that was included in the contract liability balance at the beginning of the period (32,736) (26,444) Increases due to cash received, excluding amounts recognized as revenue during the period 56,145 40,725 Contract liabilities included as part of disposition (6,226) — Additions due to acquisitions — 11,108 Balance at end of period $ 77,659 $ 48,439

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables) - CMC Materials	9 Months Ended
	Sep. 30, 2023
Business Acquisition [Line Items]
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: (In thousands): 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	The Company recognized the following intangible assets as part of the acquisition of CMC Materials and finite-lived assets are amortized on a straight-line basis: (In thousands) Amount Weighted 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 1.0 $ 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 January 1, 2021. The unaudited pro forma financial information is not necessarily indicative of what the Company’s condensed consolidated results of operations actually 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. Three months ended Nine months ended (In thousands, except share data) October 1, 2022 October 1, 2022 Net sales $ 993,828 $ 2,974,781 Net income 63,940 234,621 Per share amounts: Net income per common share - basic $ 0.43 $ 1.58 Net income per common share - diluted $ 0.43 $ 1.56

Assets Held For Sale (Tables)

Assets Held For Sale (Tables)	9 Months Ended
	Sep. 30, 2023
PIM [Member]
Disposal (Line Items)
Disclosure of Long-Lived Assets Held-for-sale	PIM Assets-held-for sale comprise the following as of September 30, 2023: (In thousands) Assets: September 30, 2023 Current assets $ 49,277 Property, Plant and Equipment, net 113,305 Intangible assets, net 76,692 Goodwill 12,707 Other assets 1,364 Total assets-held-for sale $ 253,345 Liabilities: Accounts payable $ 5,675 Accrued expenses 7,978 Long-term liabilities 1,959 Total liabilities-held-for sale $ 15,612
EC [Member]
Disposal (Line Items)
Disposal Groups, Including Discontinued Operations	EC Assets-held-for sale comprise the following as of September 30, 2023: (In thousands) Assets: September 30, 2023 Current assets $ 92,563 Property, Plant and Equipment, net 177,020 Intangible assets, net 263,686 Goodwill 250,638 Other assets 7,965 Total assets-held-for sale $ 791,872 Liabilities: Accounts payable $ 18,975 Accrued expenses 15,255 Long-term liabilities 89,428 Total liabilities-held-for sale $ 123,658
QED [Member]
Disposal (Line Items)
Schedule of Business Acquisitions by Acquisition, Consideration	The following table summarizes the fair value of the sale proceeds received in connection with the divestiture, which are subject to further post-closing adjustment: (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 $ 134,286
Schedule of Noncash or Part Noncash Divestitures
Disposal Groups, Including Discontinued Operations	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 842 Total assets $ 161,390 Liabilities: Accounts payable $ 1,340 Accrued expenses 8,750 Long-term liabilities 2,067 Total liabilities $ 12,157

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2023
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sum to the total of the same amounts shown in the condensed consolidated statement of cash flows. (In thousands) September 30, 2023 December 31, 2022 Cash and cash equivalents $ 594,020 $ 561,559 Restricted cash — 1,880 Total cash, cash equivalents and restricted cash $ 594,020 $ 563,439 The restricted cash represents cash held in a “Rabbi” trust. Prior to the acquisition of CMC Materials, CMC Materials’ change in control severance protection agreements required CMC Materials to establish a Rabbi trust prior to a change in control and fully fund the trust to cover all the severance benefits that may become payable under the agreements. The Company had no restricted cash as of September 30, 2023.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following: (In thousands) September 30, 2023 December 31, 2022 Raw materials $ 278,184 $ 337,576 Work-in-process 51,596 60,182 Finished goods (1) 332,389 415,057 Total inventories, net $ 662,169 $ 812,815 (1) Includes consignment inventories held by customers of $21.3 million and $46.2 million at September 30, 2023 and December 31, 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill activity for each of the Company’s reportable segments that carry goodwill, Materials Solutions (“MS”), Microcontamination Control (“MC”), and Advanced Materials Handling (“AMH”), was as follows at December 31, 2022 and September 30, 2023: (In thousands) MS MC AMH Total December 31, 2022 $ 4,092,141 $ 242,088 $ 74,102 $ 4,408,331 Goodwill impairment (104,785) — — (104,785) Disposition of business (90,005) — — (90,005) Purchase accounting adjustments (1,021) — — (1,021) Assets held-for-sale (254,524) — — (254,524) Foreign currency translation (43) (3,917) — (3,960) September 30, 2023 $ 3,641,763 $ 238,171 $ 74,102 $ 3,954,036
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	Identifiable intangible assets at September 30, 2023 and December 31, 2022 consist of the following: September 30, 2023 (In thousands) Gross carrying Accumulated Net carrying Developed technology $ 1,262,647 $ 421,703 $ 840,944 Trademarks and trade names 172,260 35,395 136,865 Customer relationships 673,718 294,056 379,662 In-process research and development (1) 7,600 — 7,600 Other 23,924 20,632 3,292 $ 2,140,149 $ 771,786 $ 1,368,363 December 31, 2022 (In thousands) Gross carrying Accumulated Net carrying Developed technology $ 1,302,101 $ 313,876 $ 988,225 Trademarks and trade names 250,473 29,565 220,908 Customer relationships 863,947 273,039 590,908 In-process research and development (1) 31,100 — 31,100 Other 31,206 20,392 10,814 $ 2,478,827 $ 636,872 $ 1,841,955 (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.
Estimated Future Amortization Expense	Future amortization expense relating to intangible assets currently recorded in the Company’s condensed consolidated balance sheets is estimated to be the following at September 30, 2023: (In thousands) Remaining 2023 2024 2025 2026 2027 Thereafter Total Future amortization expense $ 51,134 194,670 188,318 185,372 181,684 567,185 $ 1,368,363

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s debt as of September 30, 2023 and December 31, 2022 consists of the following: (In thousands) September 30, 2023 December 31, 2022 Senior secured term loan facility due 2029 2,243,499 2,495,000 Senior secured notes due 2029 1,600,000 1,600,000 Senior unsecured notes due 2030 895,000 895,000 Senior unsecured notes due 2029 400,000 400,000 Senior unsecured notes due 2028 400,000 400,000 Bridge credit facility due 2023 — 135,000 Revolving facility due 2027 — — Total debt (par value) 5,538,499 5,925,000 Unamortized discount and debt issuance costs 113,003 140,107 Total debt, net $ 5,425,496 $ 5,784,893 Less short-term debt, including current portion of long-term debt — 151,965 Total long-term debt, net $ 5,425,496 $ 5,632,928
Schedule of Maturities of Long-term Debt	Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of September 30, 2023 are as follows: (In thousands) Remaining 2023 2024 2025 2026 2027 Thereafter Total Contractual debt obligation maturities (1) $ — — — — — 5,425,496 5,425,496

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following table presents financial instruments, other than debt, that we measure at fair value on a recurring basis. See Note 9 of this Report on Form 10-Q for a discussion of our debt. In instances where the inputs used to measure the fair value of an asset fall into more than one level of the hierarchy, we have classified it based on the lowest level input that is significant to the determination of the fair value. Fair Value Measurements at Reporting Date Using (In thousands): Level 1 Level 2 Level 3 Total Assets: September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Cash and cash equivalents $ 594,020 $ 561,559 $ — $ — $ — $ — $ 594,020 $ 561,559 Restricted cash — 1,880 — — — — — 1,880 Derivative financial instruments - Interest rate swap - cash flow hedge — — 43,633 46,589 — — 43,633 46,589 Derivative financial instruments -Forward exchange contracts — — — 726 — — — 726 Total Assets $ 594,020 $ 563,439 $ 43,633 $ 47,315 $ — $ — $ 637,653 $ 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 September 30, 2023 and December 31, 2022 were as follows: September 30, 2023 December 31, 2022 (In thousands) Carrying Value Fair Value Carrying Value Fair Value Total debt, net $ 5,425,496 $ 5,094,697 $ 5,784,893 $ 5,428,900

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 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 condensed consolidated statement of operations. The notional amounts of our derivative instruments are as follows: (In thousands) September 30, 2023 December 31, 2022 Derivatives designated as hedging instruments: Interest rate swap contract - cash flow hedge $ 1,650,000 $ 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 — 26,225
Fair Value, by Balance Sheet Grouping	The fair values of our derivative instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Derivative Assets Derivative Liabilities Condensed Consolidated Balance Sheet Location September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 Derivatives designated as hedging instruments - Interest rate swap contract -cash flow hedge Other current assets $ 31,827 $ 32,481 $ — $ — Other assets - long-term 11,806 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 condensed consolidated statements of operations: (Gain) Loss Recognized in Condensed Consolidated Statements of Income (In thousands) Condensed Consolidated Statements of Operations Location Three months ended Nine months ended Derivatives designated as hedging instruments: September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest rate swap contract-cash flow hedge Interest expense, net $ (9,530) $ — $ (27,081) $ — Derivatives not designated as hedging instruments: Foreign exchange contracts Other expense, net $ — $ 562 $ (374) $ 562
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 Income: Gain (Loss) recognized in Other Comprehensive Income (Loss) (In thousands) Three months ended Nine months ended Derivatives designated as hedging instruments: September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest rate swap contract - Cash flow hedge $ (2,050) $ 30,743 $ (2,289) $ 30,743

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share (EPS)	The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per common share: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Basic—weighted common shares outstanding 150,127 148,570 149,793 140,045 Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock 1,102 — 1,023 847 Diluted—weighted common shares and common shares equivalent outstanding 151,229 148,570 150,816 140,892
Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS	The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2023 and October 1, 2022: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Shares excluded from calculations of diluted EPS 465 1,610 672 415

Other Expense (Income), net (Ta

Other Expense (Income), net (Tables)	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other expense (income), net	Other expense, net for the three and nine months ended September 30, 2023 and October 1, 2022 consists of the following: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Infineum termination fee, net $ — $ — $ (10,876) $ — Loss on foreign currency transactions 4,928 13,631 11,214 28,254 Loss on extinguishment of debt and modification 4,532 2,235 12,893 2,235 Other, net 783 (3,014) 78 (3,116) Other expense, net $ 10,243 $ 12,852 $ 13,309 $ 27,373 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.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 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. Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net sales MS $ 435,538 $ 518,046 $ 1,324,502 $ 922,196 MC 286,217 280,550 839,128 821,320 AMH 180,248 210,405 589,457 632,602 Inter-segment elimination (13,764) (15,173) (41,452) (40,155) Total net sales $ 888,239 $ 993,828 $ 2,711,635 $ 2,335,963 Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Segment profit MS (1) (2) $ 56,955 $ 53,131 $ 243,171 $ 147,700 MC 101,132 105,335 297,790 304,062 AMH 31,642 42,077 115,637 135,693 Total segment profit $ 189,729 $ 200,543 $ 656,598 $ 587,455 1) Materials Solutions segment profit is inclusive of a $154.8 million gain, net on the termination of the Alliance Agreement for the nine months ended September 30, 2023. See Note 5 to the Company’s condensed consolidated financial statements for further discussion. 2) Materials Solutions segment profit is inclusive of a $15.9 million and $104.8 million goodwill impairment charge relating to the EC reporting unit for the three and nine months ended September 30, 2023, respectively. See Note 3 to the Company’s condensed consolidated financial statements for further discussion.
Reconciliation of Total Segment Profit to Operating Income	The following table reconciles total segment profit to income before income tax (benefit) expense: Three months ended Nine months ended (In thousands) September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Total segment profit $ 189,729 $ 200,543 $ 656,598 $ 587,455 Less: Amortization of intangible assets 51,239 65,346 163,493 90,491 Unallocated general and administrative expenses 21,429 120,308 94,964 160,759 Operating income 117,061 14,889 398,141 336,205 Interest expense 77,820 84,150 244,874 129,027 Interest income (2,226) (1,395) (5,854) (2,065) Other expense, net 10,243 12,852 13,309 27,373 Income before income tax (benefit) expense $ 31,224 $ (80,718) $ 145,812 $ 181,870
Schedule of Revenue from External Customers, by Geographical Areas	In the following tables, revenue is disaggregated by customers’ country or region based on the ship to location of the customer for the three and nine months ended September 30, 2023 and October 1, 2022, respectively. Three months ended September 30, 2023 (In thousands) MS MC AMH Inter-segment Total North America $ 141,427 $ 42,115 $ 52,130 $ (13,764) $ 221,908 Taiwan 61,094 61,710 28,249 — 151,053 China 47,012 60,009 38,409 — 145,430 South Korea 50,085 28,978 23,303 — 102,366 Japan 26,364 57,472 10,279 — 94,115 Europe 63,346 19,951 17,213 — 100,510 Southeast Asia 46,210 15,982 10,665 — 72,857 $ 435,538 $ 286,217 $ 180,248 $ (13,764) $ 888,239 Three months ended October 1, 2022 (In thousands) MS MC AMH Inter-segment Total North America $ 155,877 $ 42,716 $ 67,794 $ (15,173) $ 251,214 Taiwan 73,066 70,536 38,712 — 182,314 China 79,845 58,398 28,717 — 166,960 South Korea 59,932 30,583 29,339 — 119,854 Japan 32,167 42,505 16,336 — 91,008 Europe 63,375 20,977 18,401 — 102,753 Southeast Asia 53,784 14,835 11,106 — 79,725 $ 518,046 $ 280,550 $ 210,405 $ (15,173) $ 993,828 Nine Months Ended September 30, 2023 (In thousands) MS MC AMH Inter-segment Total North America $ 429,637 $ 129,827 $ 184,003 $ (41,452) $ 702,015 Taiwan 176,414 169,933 93,691 — 440,038 China 145,675 170,381 105,422 — 421,478 South Korea 162,341 88,631 84,943 — 335,915 Japan 81,434 165,014 33,363 — 279,811 Europe 192,578 71,602 61,099 — 325,279 Southeast Asia 136,423 43,740 26,936 — 207,099 $ 1,324,502 $ 839,128 $ 589,457 $ (41,452) $ 2,711,635 Nine Months Ended October 1, 2022 (In thousands) MS MC AMH Inter-segment Total North America $ 273,948 $ 113,984 $ 205,414 $ (40,155) $ 553,191 Taiwan 139,378 232,711 111,722 — 483,811 China 139,184 142,639 87,347 — 369,170 South Korea 109,175 93,718 89,367 — 292,260 Japan 76,861 137,103 44,701 — 258,665 Europe 92,485 60,670 65,976 — 219,131 Southeast Asia 91,165 40,495 28,075 — 159,735 $ 922,196 $ 821,320 $ 632,602 $ (40,155) $ 2,335,963

Revenues Revenues - Significant

Revenues Revenues - Significant changes in contract liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022
Revenues [Abstract]
Balance at beginning of period	$ 60,476	$ 23,050
Revenue recognized that was included in the contract liability balance at the beginning of the period	(32,736)	(26,444)
Increases due to cash received, excluding amounts recognized as revenue during the period	56,145	40,725
Contract liabilities included as part of disposition	(6,226)	0
Additions due to acquisitions	0	11,108
Balance at end of period	$ 77,659	$ 48,439

Goodwill Impairment (Details)

Goodwill Impairment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Apr. 01, 2023	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of goodwill	$ 15,913	$ 88,900	$ 104,785	$ 0	$ 0

CMC Acquisition (Details)

CMC Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 06, 2022	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable				$ 0	$ 1,265,690
Acquisition of businesses, net of cash acquired				0	4,474,925
Long-term Debt, Gross		$ 5,538,499		5,538,499		$ 5,925,000
Goodwill	$ 3,627,436	3,954,036		3,954,036		4,408,331
Charge for fair value mark-up of acquired inventory sold	61,900			0	61,932
Net Sales		888,239	$ 993,828	2,711,635	2,335,963	2,335,963
Business Acquisition, Pro Forma Revenue			993,828		2,974,781
Business Acquisition, Pro Forma Net Income (Loss)			$ 63,940		$ 234,621
Business Acquisition, Pro Forma Earnings Per Share, Basic			$ 0.43		$ 1.58
Business Acquisition, Pro Forma Earnings Per Share, Diluted			$ 0.43		$ 1.56
Income tax (benefit) expense		(2,127)	$ (7,015)	2,851	$ 30,377
Business Combination, Acquisition Related Costs			31,900		39,300
Net Sales		888,239	993,828	2,711,635	2,335,963	2,335,963
Business Combination, Acquisition Related Costs			$ 31,900		$ 39,300
Asset Acquisition, Consideration Transferred	6,000,000
Secured Debt
Business Acquisition [Line Items]
Long-term Debt, Gross	2,495,000
Senior secured notes due 2029
Business Acquisition [Line Items]
Long-term Debt, Gross	1,600,000	1,600,000		1,600,000		1,600,000
Bridge credit facility due 2023
Business Acquisition [Line Items]
Bridge credit facility due 2023	275,000	0		0		135,000
Senior unsecured notes due 2030
Business Acquisition [Line Items]
Long-term Debt, Gross	895,000	$ 895,000		$ 895,000		$ 895,000
CMC Materials
Business Acquisition [Line Items]
Cash paid to CMC Materials’ shareholders	3,836,983
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	1,265,690
Payments for Deposits Applied to Debt Retirements	918,578
Payments to acquire business	6,021,251
Cash Acquired from Acquisition	280,636
Acquisition of businesses, net of cash acquired	$ 5,740,615
Business Acquisition, Share Price	$ 133
Cash and Cash Equivalents, Fair Value Disclosure	$ 280,636
Trade accounts and notes receivable, net	207,472
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	256,598
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	537,387
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,736,219
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	39,725
Current liabilities	(211,417)
Deferred tax liabilities and other noncurrent liabilities	(452,805)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	2,393,815
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total	6,021,251
Fair value of acquired inventories	256,600
Fair value of acquired property, plant and equipment	$ 537,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	11 years
Payments of long-term debt	$ 145,000
CMC Materials | Developed Technology
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 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 [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 236,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years 10 months 24 days
CMC Materials | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 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 [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 31,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life
CMC Materials | Other Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 10,919
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year

PIM Held for sale (Details)

PIM Held for sale (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Feb. 10, 2023	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Disposal (Line Items)
Business Exit Costs	$ 12,000
Termination fee, net		$ 0	$ 0	$ 10,876	$ 0
Transaction advisor fee	1,100
Liabilities held-for-sale		139,270		139,270		$ 10,637
PIM [Member]
Disposal (Line Items)
Termination fee, net	$ 10,900
Current assets		49,277		49,277
Property, Plant and Equipment, net		113,305		113,305
Intangible assets, net		76,692		76,692
Goodwill		12,707		12,707
Other assets		1,364		1,364
Total assets-held-for sale		253,345		253,345
Accounts payable		5,675		5,675
Accrued expenses		7,978		7,978
Long-term liabilities		1,959		1,959
Liabilities held-for-sale		15,612		15,612
Results of Operations, Income before Income Taxes		$ 12,000		$ 33,300

EC Held for sale (Details)

EC Held for sale (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 10, 2023	Sep. 30, 2023	Apr. 01, 2023	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Disposal (Line Items)
Liabilities held-for-sale		$ 139,270		$ 139,270		$ 10,637
Loss before income taxes				(14,900)
Impairment of goodwill		15,913	$ 88,900	104,785	$ 0	$ 0
Proceeds from Sales of Business, Affiliate and Productive Assets		737,100
Impairment of goodwill		104,785		104,785
Foreign currency translation				3,960
Purchase Accounting Adjustments				1,021
Impairment of goodwill				104,785	0
Business Exit Costs	$ 12,000
Proceeds from sale of business				134,286	$ 0
EC [Member]
Disposal (Line Items)
Proceeds from Divestiture of Businesses		700,000
Gain (Loss) on Sale of Project				13,600
Current assets		92,563		92,563
Property, Plant and Equipment, net		177,020		177,020
Intangible assets, net		263,686		263,686
Goodwill		250,638		250,638
Other assets		7,965		7,965
Total assets-held-for sale		791,872		791,872
Accounts payable		18,975		18,975
Long-term liabilities		89,428		89,428
Liabilities held-for-sale		123,658		123,658
Loss before income taxes		(900)		85,700
Impairment of goodwill				104,800
Short term lease obligations		$ 15,255		$ 15,255

QED sale (Details)

QED sale (Details) - USD ($) $ in Thousands			3 Months Ended	9 Months Ended
	Mar. 01, 2023	Feb. 10, 2023	Sep. 30, 2023	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Disposal (Line Items)
Business Exit Costs		$ (12,000)
Proceeds from sale of business				$ (134,286)	$ 0
Carrying value of net assets	$ 149,200
Liabilities held-for-sale			$ 139,270	139,270		$ 10,637
Loss before income taxes				(14,900)
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal			6,800
Proceeds from termination of alliance agreement			170,000	169,251	$ 0
QED [Member]
Disposal (Line Items)
Proceeds from Divestiture of Businesses	134,286			134,300
Business Combination, Consideration Transferred	137,500
Final working capital adjustment	1,031
Business Combination, Consideration Transferred, Other	(1,465)
Business Exit Costs	(2,780)
Current assets	19,219
Property, Plant and Equipment, net	2,663
Goodwill	90,005
Intangible assets, net	48,661
Other assets	842
Total assets-held-for sale	161,390
Accounts payable	1,340
Accrued expenses	8,750
Long-term liabilities			$ 2,067	$ 2,067
Liabilities held-for-sale	$ 12,157

Assets Held For Sale and Divest

Assets Held For Sale and Divestitures (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Oct. 01, 2022
Discontinued Operations and Disposal Groups [Abstract]
Gain (Loss) on Contract Termination	$ 154,800	$ 154,754	$ 0
Receivable from contract termination	$ 30,000	$ 30,000

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Oct. 01, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 594,020	$ 561,559
Restricted cash	0	1,880
Total cash, cash equivalents and restricted cash	$ 594,020	$ 563,439	$ 754,667	$ 402,565

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 278,184	$ 337,576
Work-in-process	51,596	60,182
Finished goods (1)	332,389	415,057
Total inventories, net	662,169	812,815
Consignment inventory held by	$ 21,300	$ 46,200

Goodwill Rollforward (Details)

Goodwill Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Goodwill - Beginning	$ 4,408,331
Goodwill, Impaired, Accumulated Impairment Loss	(104,785)
Goodwill, Written off Related to Sale of Business Unit	(90,005)
Purchase Accounting Adjustments	(1,021)
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure	254,524
Foreign currency translation	(3,960)
Goodwill - End	3,954,036
Goodwill, Other Increase (Decrease)	454,300
Materials Sciences [Member]
Goodwill [Line Items]
Goodwill - Beginning	4,092,141
Goodwill, Impaired, Accumulated Impairment Loss	104,785
Goodwill, Written off Related to Sale of Business Unit	(90,005)
Purchase Accounting Adjustments	(1,021)
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure	(254,524)
Foreign currency translation	(43)
Goodwill - End	3,641,763
Microcontamination Control MC
Goodwill [Line Items]
Goodwill - Beginning	242,088
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, Written off Related to Sale of Business Unit	0
Purchase Accounting Adjustments	0
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure	0
Foreign currency translation	(3,917)
Goodwill - End	238,171
Advanced Materials Handling AMH
Goodwill [Line Items]
Goodwill - Beginning	74,102
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, Written off Related to Sale of Business Unit	0
Purchase Accounting Adjustments	0
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure	0
Foreign currency translation	0
Goodwill - End	$ 74,102

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets
Gross carrying Amount	$ 2,140,149	$ 2,478,827
Accumulated amortization	771,786	636,872
Net carrying value	1,368,363	1,841,955
Goodwill [Line Items]
Impairment of goodwill	104,785
Goodwill, Written off Related to Sale of Business Unit	(90,005)
Purchase Accounting Adjustments	(1,021)
Assets held-for-sale	(254,524)
Goodwill, Held for Sale, Fair Value disclosure	254,500
Materials Sciences [Member]
Goodwill [Line Items]
Impairment of goodwill	(104,785)
Goodwill, Written off Related to Sale of Business Unit	(90,005)
Purchase Accounting Adjustments	(1,021)
Assets held-for-sale	254,524
Microcontamination Control MC
Goodwill [Line Items]
Impairment of goodwill	0
Goodwill, Written off Related to Sale of Business Unit	0
Purchase Accounting Adjustments	0
Assets held-for-sale	0
Advanced Materials Handling AMH
Goodwill [Line Items]
Impairment of goodwill	0
Goodwill, Written off Related to Sale of Business Unit	0
Purchase Accounting Adjustments	0
Assets held-for-sale	0
Developed Technology
Finite-Lived Intangible Assets
Gross carrying Amount	1,262,647	1,302,101
Accumulated amortization	421,703	313,876
Net carrying value	840,944	988,225
Trademarks and Trade names
Finite-Lived Intangible Assets
Gross carrying Amount	172,260	250,473
Accumulated amortization	35,395	29,565
Net carrying value	136,865	220,908
Customer Relationships
Finite-Lived Intangible Assets
Gross carrying Amount	673,718	863,947
Accumulated amortization	294,056	273,039
Net carrying value	379,662	590,908
In Process Research and Development
Finite-Lived Intangible Assets
Gross carrying Amount	7,600	31,100
Accumulated amortization	0	0
Net carrying value	7,600	31,100
Other Intangible Assets
Finite-Lived Intangible Assets
Gross carrying Amount	23,924	31,206
Accumulated amortization	20,632	20,392
Net carrying value	$ 3,292	$ 10,814

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets Goodwill and Intangible Assets - Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2023	$ 51,134
2024	194,670
2025	188,318
2026	185,372
2027	181,684
Thereafter	567,185
Total	$ 1,368,363	$ 1,841,955

Debt Summary Table (Details)

Debt Summary Table (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Jul. 06, 2022
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 5,538,499	$ 5,925,000
Unamortized discount and debt issuance costs	113,003	140,107
Total debt, net	5,425,496	5,784,893
Short-term debt, including current portion of long-term debt	0	151,965
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $113,003 and $140,107	5,425,496	5,632,928
Senior secured term loan facility due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross	2,243,499	2,495,000
Senior secured notes due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross	1,600,000	1,600,000	$ 1,600,000
Senior unsecured notes due 2030
Debt Instrument [Line Items]
Long-term Debt, Gross	895,000	895,000	895,000
Senior unsecured notes due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross	400,000	400,000
Senior unsecured notes due 2028
Debt Instrument [Line Items]
Long-term Debt, Gross	400,000	400,000
Bridge credit facility due 2023
Debt Instrument [Line Items]
Bridge credit facility due 2023	$ 0	$ 135,000	275,000
Secured Debt
Debt Instrument [Line Items]
Long-term Debt, Gross			$ 2,495,000

Debt Maturity (Details)

Debt Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Remaining 2023	$ 0
2024	0
2025	0
2026	0
2027	0
Thereafter	5,425,496
Total debt, net	$ 5,425,496	$ 5,784,893

CMC Materials Acquisition Finan

CMC Materials Acquisition Financing Debt (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
	Apr. 20, 2023	Sep. 30, 2023	Jul. 01, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022	Jul. 06, 2022
Debt Instrument [Line Items]
Total debt, net		$ 5,425,496			$ 5,425,496		$ 5,784,893
Long-term Debt, Gross		5,538,499			5,538,499		5,925,000
Gain (Loss) on Extinguishment of Debt		(4,532)		$ (2,235)	(12,893)	$ (2,235)
Repayments of Debt	$ 135,000	$ 251,500			468,950	145,000
Loss on extinguishment for Bridge loan					700
Loss on extinguishment of debt					(10,862)	(2,235)
Loss on extinguishment of debt					$ (10,862)	$ (2,235)
Secured Debt
Debt Instrument [Line Items]
Long-term Debt, Gross								$ 2,495,000
Term Loan Rate		2.50%	2.75%		2.50%
Debt Instrument, Description of Variable Rate Basis		1.50	1.75
Long-Term Debt
Debt Instrument [Line Items]
Long-Term Line of Credit		$ 0			$ 0		0
Senior secured term loan facility due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross		2,243,499			2,243,499		$ 2,495,000
Gain (Loss) on Extinguishment of Debt		$ (4,500)			$ (12,100)

2029 and 2030 Debt (Details)

2029 and 2030 Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Jul. 06, 2022
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 5,538,499	$ 5,925,000
Senior secured notes due 2029
Debt Instrument [Line Items]
Long-term Debt, Gross	1,600,000	1,600,000	$ 1,600,000
Senior unsecured notes due 2030
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 895,000	$ 895,000	$ 895,000

Fair Value Measures and Discl_3

Fair Value Measures and Disclosures-Fair Value Levels (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 31,800
Total Assets	9,824,616	$ 10,138,857
Total debt, net	5,425,496	5,784,893
Long-term Debt, Fair Value	5,094,697	5,428,900
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	594,020	561,559
Restricted cash	0	1,880
Total Assets	594,020	563,439
Fair Value, Inputs, Level 1 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	0	0
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Derivative Assets (Liabilities), at Fair Value, Net		46,589
Total Assets	43,633	47,315
Derivative financial instruments - Forward exchange contracts		193
Liabilities		193
Fair Value, Inputs, Level 2 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	43,633
Fair Value, Inputs, Level 2 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		726
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Total Assets	0	0
Fair Value, Inputs, Level 3 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	0	0
Fair Value, Inputs, Level 1, Level 2, and Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	594,020	561,559
Restricted cash	0	1,880
Total Assets	637,653	610,754
Derivative financial instruments - Forward exchange contracts		193
Liabilities		193
Fair Value, Inputs, Level 1, Level 2, and Level 3 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 43,633	46,589
Fair Value, Inputs, Level 1, Level 2, and Level 3 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		$ 726

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 1,650,000		$ 1,650,000		$ 1,950,000
Derivative [Line Items]
Derivative, Notional Amount	1,650,000		1,650,000		1,950,000
Derivative Assets (Liabilities), at Fair Value, Net	31,800		31,800
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	(2,050)	$ 30,743	(2,289)	$ 30,743
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	562	(374)	562
Foreign Exchange Contract | Not Designated as Hedging Instrument | Other Current Assets
Derivative [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	0		0		726
Total Liabilities	0		0		0
Foreign Exchange Contract | Not Designated as Hedging Instrument | Accrued Liabilities
Derivative [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	0		0		0
Total Liabilities	0		0		193
Foreign Exchange Contract | Not Designated as Hedging Instrument | Long
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	0		0		3,995
Derivative [Line Items]
Derivative, Notional Amount	0		0		3,995
Foreign Exchange Contract | Not Designated as Hedging Instrument | Short
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	0		0		26,225
Derivative [Line Items]
Derivative, Notional Amount	0		0		26,225
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(9,530)	$ 0	(27,081)	$ 0
Interest Rate Swap | Designated as Hedging Instrument | Other Current Assets
Derivative [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	31,827		31,827		32,481
Total Liabilities	0		0		0
Interest Rate Swap | Designated as Hedging Instrument | Other Noncurrent Assets
Derivative [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	11,806		11,806		14,108
Total Liabilities	$ 0		$ 0		$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Income Tax Disclosure [Abstract]
Year-to-date effective tax rate	6.80%	8.70%	2%	16.70%
Income tax (benefit) expense	$ (2,127)	$ (7,015)	$ 2,851	$ 30,377

Earnings Per Common Share - Rec

Earnings Per Common Share - Reconciliation of Share Amount Used in Computation of Basic and Diluted Earnings Per Share (EPS) (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Weighted shares outstanding:
Basic-weighted common shares outstanding	150,127	148,570	149,793	140,045
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	1,102	0	1,023	847
Diluted-weighted common shares and common shares equivalent outstanding	151,229	148,570	150,816	140,892

Earnings per Common Share - Sha

Earnings per Common Share - Shares Excluded Underlying Stock Based Award from Calucations of Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Earnings Per Share [Abstract]
Shares excluded from calculations of diluted EPS	465	1,610	672	415

Other Expense (Income), Net (De

Other Expense (Income), Net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Feb. 10, 2023	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Other Income and Expenses [Abstract]
Termination fee, net		$ 0	$ 0	$ (10,876)	$ 0
Loss on foreign currency transactions		4,928	13,631	11,214	28,254
Gain (Loss) on Extinguishment of Debt		4,532	2,235	12,893	2,235
Other Nonrecurring (Income) Expense		783	(3,014)	78	(3,116)
Other Nonoperating Income (Expense)		$ 10,243	$ 12,852	$ 13,309	$ 27,373
Transaction advisor fee	$ 1,100
Business Exit Costs	$ 12,000

Segment Reporting - Summary of

Segment Reporting - Summary of Financial Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2023	Apr. 01, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net Sales	$ 888,239		$ 993,828	$ 2,711,635	$ 2,335,963	$ 2,335,963
Total Segment Profit	189,729		200,543	656,598	587,455
Impairment of goodwill	15,913	$ 88,900		104,785	0	0
Gain (Loss) on Contract Termination	154,800			154,754	0
Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	435,538		518,046	1,324,502	922,196	922,196
Total Segment Profit	56,955		53,131	243,171	147,700
Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	286,217		280,550	839,128	821,320	821,320
Total Segment Profit	101,132		105,335	297,790	304,062
Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	180,248		210,405	589,457	632,602	632,602
Total Segment Profit	31,642		42,077	115,637	135,693
intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	$ (13,764)		$ (15,173)	$ (41,452)	$ (40,155)	$ (40,155)

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Total Segment Profit to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Segment Reporting [Abstract]
Total Segment Profit	$ 189,729	$ 200,543	$ 656,598	$ 587,455
Amortization	51,239	65,346	163,493	90,491
Unallocated general and administrative expenses	21,429	120,308	94,964	160,759
Operating income	117,061	14,889	398,141	336,205
Interest expense	77,820	84,150	244,874	129,027
Interest income	(2,226)	(1,395)	(5,854)	(2,065)
Other expense, net	10,243	12,852	13,309	27,373
Income before income tax (benefit) expense	$ 31,224	$ (80,718)	$ 145,812	$ 181,870

Segment Reporting - Summary o_2

Segment Reporting - Summary of Financial Information by Reportable Segment and Geography (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2023	Apr. 01, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net Sales	$ 888,239		$ 993,828	$ 2,711,635	$ 2,335,963	$ 2,335,963
Impairment of goodwill	15,913	$ 88,900		104,785	0	0
Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	435,538		518,046	1,324,502	922,196	922,196
Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	286,217		280,550	839,128	821,320	821,320
Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	180,248		210,405	589,457	632,602	632,602
intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	(13,764)		(15,173)	(41,452)	(40,155)	(40,155)
North America
Segment Reporting Information [Line Items]
Net Sales	221,908		251,214	702,015	553,191	553,191
North America | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	141,427		155,877	429,637	273,948	273,948
North America | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	42,115		42,716	129,827	113,984	113,984
North America | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	52,130		67,794	184,003	205,414	205,414
North America | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	(13,764)		(15,173)	(41,452)	(40,155)	(40,155)
Taiwan
Segment Reporting Information [Line Items]
Net Sales	151,053		182,314	440,038	483,811	483,811
Taiwan | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	61,094		73,066	176,414	139,378	139,378
Taiwan | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	61,710		70,536	169,933	232,711	232,711
Taiwan | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	28,249		38,712	93,691	111,722	111,722
Taiwan | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	0		0			0
China
Segment Reporting Information [Line Items]
Net Sales	145,430		166,960	421,478	369,170	369,170
China | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	47,012		79,845	145,675	139,184	139,184
China | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	60,009		58,398	170,381	142,639	142,639
China | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	38,409		28,717	105,422	87,347	87,347
China | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	0		0			0
South Korea
Segment Reporting Information [Line Items]
Net Sales	102,366		119,854	335,915	292,260	292,260
South Korea | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	50,085		59,932	162,341	109,175	109,175
South Korea | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	28,978		30,583	88,631	93,718	89,367
South Korea | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	23,303		29,339	84,943	89,367
South Korea | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	0		0			0
Japan
Segment Reporting Information [Line Items]
Net Sales	94,115		91,008	279,811	258,665	258,665
Japan | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	26,364		32,167	81,434	76,861	76,861
Japan | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	57,472		42,505	165,014	137,103	44,701
Japan | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	10,279		16,336	33,363	44,701	44,701
Japan | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	0		0			0
Europe
Segment Reporting Information [Line Items]
Net Sales	100,510		102,753	325,279	219,131	219,131
Europe | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	63,346		63,375	192,578	92,485	92,485
Europe | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	19,951		20,977	71,602	60,670	60,670
Europe | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	17,213		18,401	61,099	65,976	65,976
Europe | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	0		0			0
Southeast Asia
Segment Reporting Information [Line Items]
Net Sales	72,857		79,725	207,099	159,735	159,735
Southeast Asia | Materials Sciences [Member]
Segment Reporting Information [Line Items]
Net Sales	46,210		53,784	136,423	91,165	91,165
Southeast Asia | Microcontamination Control MC
Segment Reporting Information [Line Items]
Net Sales	15,982		14,835	43,740	40,495	40,495
Southeast Asia | Advanced Materials Handling AMH
Segment Reporting Information [Line Items]
Net Sales	10,665		11,106	$ 26,936	$ 28,075	28,075
Southeast Asia | intersegment elimination
Segment Reporting Information [Line Items]
Net Sales	$ 0		$ 0			$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands							3 Months Ended	9 Months Ended
	Oct. 31, 2023	Oct. 18, 2023	Oct. 06, 2023	Oct. 02, 2023	Apr. 20, 2023	Feb. 10, 2023	Sep. 30, 2023	Sep. 30, 2023	Oct. 01, 2022
Subsequent Event [Line Items]
Proceeds from sale of business								$ 134,286	$ 0
Repayments of Debt					$ 135,000		$ 251,500	$ 468,950	$ 145,000
Business Exit Costs						$ 12,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from Divestiture of Businesses				$ 737,100
Proceeds from sale of business				694,300
Quarterly cash dividend		$ 0.10
Repayments of Debt	$ 362,600		$ 287,200
DisposalGroup NotDiscontinuedOperationOtheradjustments				$ 42,800