Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 25, 2021

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	$	172,175	$	8,854	$	21,652	$	202,681
Accumulated impairment charges	(40,552)		(8,853)		—		(49,405)
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:	144,147		1		23,616		167,764
Additions	12,098		—		—		12,098
Reductions (1)	(4,402)		—		(1,964)		(6,366)
Impairment charges	—		—		(2,087)		(2,087)
Currency translation	(79)		—		—		(79)
Balance at December 25, 2021:
Goodwill	192,316		8,854		21,652		222,822
Accumulated impairment charges	(40,552)		(8,853)		(2,087)		(51,492)
Goodwill, net	$	151,764	$	1	$	19,565	$	171,330
(1) Includes disposals of Die-Mold and STI businesses.

Carrying Amount of Intangible Assets

The carrying amount of intangible assets at December 25, 2021 was as follows:

(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	55,108	$	(13,803)	$	41,305
Non-compete agreements	2,474		(2,458)		16
Patents and technology	18,396		(6,501)		11,895
Trade names and licenses	13,654		(5,598)		8,056
Other	1,676		(1,234)		442
Other intangible assets	$	91,308	$	(29,594)	$	61,714

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

Amortization Expense for Intangible Assets

Future amortization expense is estimated as follows:

(In thousands)	Amount
2022	$	5,607
2023	5,295
2024	5,069
2025	4,943
2026	4,789
Thereafter	36,011
Expected amortization expense	$	61,714