INTANGIBLES

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLES

INTANGIBLES

The table that follows presents the major components of intangible assets as of April 3, 2021 and December 31, 2020 (in thousands). Intangible assets that are fully amortized are removed from the disclosures.

	Range of Life (Years)			Weighted Average Amortization Period (Years)	Cost		Accumulated Amortization		Net Carrying Value
As of April 3, 2021
Amortized intangible assets:
Trademarks/Trade names	5	–	15	8	$	248,155	$	(57,767)	$	190,388
Customer lists and relationships	7	–	20	9	1,758,611		(408,529)		1,350,082
Total intangible assets				9	$	2,006,766	$	(466,296)	$	1,540,470
As of December 31, 2020
Amortized intangible assets:
Trademarks/Trade names	5	–	15	8	$	248,155	$	(51,722)	$	196,433
Customer lists and relationships	7	–	20	9	1,758,611		(370,440)		1,388,171
Total intangible assets				9	$	2,006,766	$	(422,162)	$	1,584,604