Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill by segment were as follows:

(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Goodwill	$	168,700	$	8,854	$	22,186	$	199,740
Accumulated impairment charges	(40,552)		(8,853)		—		(49,405)
Balance at December 29, 2018:	128,148		1		22,186		150,335
Additions (1)	1,999		—		—		1,999
Reductions (2)	—		—		(534)		(534)
Currency translation	1,476		—		—		1,476
Balance at December 28, 2019:	131,623		1		21,652		153,276
Additions	11,710		—		1,964		13,674
Currency translation	814		—		—		814
Balance at December 26, 2020:
Goodwill	184,699		8,854		23,616		217,169
Accumulated impairment charges	(40,552)		(8,853)		—		(49,405)
Goodwill, net	$	144,147	$	1	$	23,616	$	167,764

(1) Includes finalization of the purchase price allocation adjustment for Die-Mold of $2.0 million.

(2) Includes finalization of the purchase price allocation adjustment for ATCO of $0.5 million.

Carrying amount of intangible assets

The carrying amount of intangible assets at December 26, 2020 was as follows:

(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	61,068	$	(11,676)	$	49,392
Non-compete agreements	2,689		(2,527)		162
Patents and technology	22,585		(5,672)		16,913
Trade names and licenses	14,631		(4,476)		10,155
Other	1,676		(1,091)		585
Other intangible assets	$	102,649	$	(25,442)	$	77,207

The carrying amount of intangible assets at December 28, 2019 was as follows:

(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	44,832	$	(8,773)	$	36,059
Non-compete agreements	2,499		(2,156)		343
Patents and technology	19,804		(4,060)		15,744
Trade names and licenses	10,155		(3,249)		6,906
Other	1,676		(646)		1,030
Other intangible assets	$	78,966	$	(18,884)	$	60,082

Amortization expense for intangible assets

Future amortization expense is estimated as follows:

(In thousands)	Amount
2021	$	6,393
2022	6,311
2023	6,000
2024	5,769
2025	5,743
Thereafter	46,991
Expected amortization expense	$	77,207