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Goodwill and Intangible Assets
9 Months Ended
Sep. 24, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

6.

Goodwill and Intangible Assets

Goodwill

Goodwill included the following:

(in thousands)

 

 

 

 

Balance at December 25, 2021

 

$

197,332

 

Foreign currency translation

 

 

(1,607

)

Balance at September 24, 2022

 

$

195,725

 

 

Intangible Assets

Intangible assets included the following:

 

 

 

September 24, 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

 

$

148,188

 

 

$

18,460

 

 

$

129,728

 

 

$

149,150

 

 

$

12,139

 

 

$

137,011

 

Trade names

 

 

17,760

 

 

 

3,873

 

 

 

13,887

 

 

 

17,760

 

 

 

2,592

 

 

 

15,168

 

Product Portfolio

 

 

25,300

 

 

 

1,409

 

 

 

23,891

 

 

 

25,300

 

 

 

460

 

 

 

24,840

 

Technology

 

 

2,167

 

 

 

757

 

 

 

1,410

 

 

 

2,167

 

 

 

571

 

 

 

1,596

 

Other

 

 

430

 

 

 

300

 

 

 

130

 

 

 

430

 

 

 

236

 

 

 

194

 

Total

 

$

193,845

 

 

$

24,799

 

 

$

169,046

 

 

$

194,807

 

 

$

15,998

 

 

$

178,809

 

 

Amortization expense was $3.0 million and $1.2 million during the three months ended September 24, 2022 and September 25, 2021, respectively and $9.1 million and $2.9 million during the nine months ended September 24, 2022 and September 25, 2021, respectively.