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Goodwill and Intangible Assets
9 Months Ended
Sep. 25, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

5.

Goodwill and Intangible Assets

Goodwill

Goodwill included the following:

(in thousands)

 

September 25, 2021

 

 

December 26, 2020

 

Balance at beginning of period

 

$

91,080

 

 

$

74,458

 

Goodwill acquired

 

 

108,946

 

 

 

16,622

 

Balance at end of period

 

$

200,026

 

 

$

91,080

 

Intangible Assets

Intangible assets included the following:

 

 

September 25, 2021

 

 

December 26, 2020

 

Intangible assets subject to amortization

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

149,150

 

 

$

9,140

 

 

$

140,010

 

 

$

25,050

 

 

$

7,141

 

 

$

17,909

 

Trade names

 

 

17,760

 

 

 

2,075

 

 

 

15,685

 

 

 

6,760

 

 

 

1,585

 

 

 

5,175

 

Product Portfolio

 

 

25,300

 

 

 

42

 

 

 

25,258

 

 

 

 

 

 

 

 

 

 

Technology

 

 

2,167

 

 

 

508

 

 

 

1,659

 

 

 

2,167

 

 

 

323

 

 

 

1,844

 

Other

 

 

430

 

 

 

215

 

 

 

215

 

 

 

430

 

 

 

151

 

 

 

279

 

Total

 

$

194,807

 

 

$

11,980

 

 

$

182,827

 

 

$

34,407

 

 

$

9,200

 

 

$

25,207

 

Amortization expense was $1.2 million and $0.8 million during the three months ended September 25, 2021 and September 26, 2020, respectively, and $2.9 million and $2.5 million during the nine months ended September 25, 2021 and September 26, 2020, respectively.