Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets

Schedule of goodwill of companies acquired

	Global
(thousands)	Components		Global ECS		Total
Balance as of December 31, 2023 (a)	$	875,194	$	1,175,232	$	2,050,426
Acquisitions		18,454		—		18,454
Foreign currency translation adjustment		(5,464)		(10,715)		(16,179)
Balance as of June 29, 2024 (a)	$	888,184	$	1,164,517	$	2,052,701

(a) The total carrying value of goodwill as of June 29, 2024 and December 31, 2023, in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components reportable segment and $301.9 million was recorded in the global ECS reportable segment.

Schedule of intangible assets, net

Intangible assets, net, are comprised of the following as of June 29, 2024:

	Gross
	Carrying		Accumulated
(thousands)	Amount		Amortization		Net
Customer relationships	$	254,056	$	(161,939)	$	92,117
Amortizable trade name		74,003		(53,650)		20,353
	$	328,059	$	(215,589)	$	112,470

Intangible assets, net, are comprised of the following as of December 31, 2023:

	Gross
	Carrying		Accumulated
(thousands)	Amount		Amortization		Net
Customer relationships	$	258,337	$	(156,141)	$	102,196
Amortizable trade name		73,811		(48,567)		25,244
	$	332,148	$	(204,708)	$	127,440