Identified Intangible Assets and Goodwill, Net

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Identified intangible assets and goodwill, net [Text Block]

Identified Intangible Assets and Goodwill, Net

The carrying amounts of the identified intangible assets and goodwill acquired in connection with our acquisitions were as follows:

	June 29, 2024				December 31, 2023
	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists/relationships	$	41,541	$	30,790	$	41,679	$	29,252
Employment-related	13,612		10,582		13,007		9,957
Tradenames	13,267		8,641		12,860		8,123
Amortized intangible assets	68,420		$	50,013	67,546		$	47,332
Less accumulated amortization	50,013				47,332
Identified intangible assets, net	$	18,407			$	20,214
Goodwill	$	95,266			$	84,800

The changes in the carrying amounts of goodwill, by segment, for the six months ended June 29, 2024 and the year ended December 31, 2023 were as follows:

	Balance at January 1, 2024		Acquisitions		Translation and Other Adjustments		Balance at June 29, 2024
Utility	$	4,941	$	—	$	—	$	4,941
Residential and Commercial	79,859		10,554		(88)		90,325
Total	$	84,800	$	10,554	$	(88)	$	95,266
	Balance at January 1, 2023		Acquisitions		Translation and Other Adjustments		Balance at December 31, 2023
Utility	$	4,941	$	—	$	—	$	4,941
Residential and Commercial	65,166		14,758		(65)		79,859
Total	$	70,107	$	14,758	$	(65)	$	84,800

Estimated future aggregate amortization expense of intangible assets--The estimated future aggregate amortization expense of intangible assets, as of June 29, 2024, was as follows:

	Estimated Future Amortization Expense
Remaining six months of 2024	$	2,559
2025	4,511
2026	3,671
2027	3,086
2028	2,290
2029	1,883
Thereafter	407
	$	18,407