XML 34 R13.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill included the following:
(in thousands)December 31, 2022December 25, 2021
Balance at beginning of period$197,332 $91,080 
Goodwill acquired247,247 108,945 
Measurement period adjustments for Dayton acquisition— (2,130)
Foreign currency translation(1,544)(563)
Balance at end of period$443,035 $197,332 
Intangible Assets
Intangible assets, subject to amortization, included the following:
December 31, 2022December 25, 2021
Intangible assets subject to amortizationWeighted Average Amortization Period (years)Gross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
(dollars in thousands)
Customer relationships17.0$175,430 $21,643 $153,787 $149,150 $12,139 $137,011 
Trade names17.467,690 6,370 61,320 17,760 2,592 15,168 
Product Portfolio15.6107,800 2,953 104,847 25,300 460 24,840 
Technology5.72,167 820 1,347 2,167 571 1,596 
Patents and Other9.91,430 322 1,108 430 236 194 
Total$354,517 $32,108 $322,409 $194,807 $15,998 $178,809 
Amortization expense associated with intangible assets was $14.2 million, $6.5 million and $3.4 million in fiscal 2022, fiscal 2021 and fiscal 2020, respectively. The estimated future amortization expense for intangible assets as of December 31, 2022, is summarized as follows:
(in thousands)
2023$21,740 
202421,740 
202521,596 
202621,418 
202719,924 
Thereafter215,991 
Total$322,409