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Goodwill and Intangible Assets
3 Months Ended
Mar. 26, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

6.

Goodwill and Intangible Assets

Goodwill

Goodwill included the following:

(in thousands)

 

Three Months Ended

 

Balance at December 25, 2021

 

$

197,332

 

Foreign currency translation

 

 

778

 

Balance at March 26, 2022

 

$

198,110

 

 

Intangible Assets

Intangible assets included the following:

 

 

 

March 26, 2022

 

 

December 25, 2021

 

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

 

 

$

14,033

 

 

$

135,117

 

 

$

149,150

 

 

$

12,139

 

 

$

137,011

 

Trade names

 

 

17,760

 

 

 

3,019

 

 

 

14,741

 

 

 

17,760

 

 

 

2,592

 

 

$

15,168

 

Product Portfolio

 

 

25,300

 

 

 

777

 

 

 

24,523

 

 

 

25,300

 

 

 

460

 

 

$

24,840

 

Technology

 

 

2,167

 

 

 

633

 

 

 

1,534

 

 

 

2,167

 

 

 

571

 

 

$

1,596

 

Other

 

 

430

 

 

 

257

 

 

 

173

 

 

 

430

 

 

 

236

 

 

$

194

 

Total

 

$

194,807

 

 

$

18,719

 

 

$

176,088

 

 

$

194,807

 

 

$

15,998

 

 

$

178,809

 

 

Amortization expense was $3.0 million and $0.8 million during the three months ended March 26, 2022 and March 27, 2021, respectively.