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Goodwill and Other Intangibles | 3 Months Ended
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Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | 5 Goodwill and Other Intangibles The carrying amount of goodwill was $1.3 billion at both March 30, 2024 and December 31, 2023. The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
|  | March 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |
Capitalized software |  | $ | 655,433 |  |  | $ | 495,177 |  |  |  | 5 years |  |  | $ | 660,273 |  |  | $ | 495,317 |  |  |  | 5 years |
Purchased intangibles |  |  | 612,382 |  |  |  | 207,620 |  |  |  | 10 years |  |  |  | 614,357 |  |  |  | 197,154 |  |  |  | 10 years |
Trademarks |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  | 9,680 |  |  |  | — |  |  |  | — |
Licenses |  |  | 14,673 |  |  |  | 8,698 |  |  |  | 7 years |  |  |  | 14,798 |  |  |  | 8,429 |  |  |  | 7 years |
Patents and other intangibles |  |  | 113,028 |  |  |  | 82,554 |  |  |  | 8 years |  |  |  | 111,962 |  |  |  | 80,983 |  |  |  | 8 years |
Total |  | $ | 1,405,196 |  |  | $ | 794,049 |  |  |  | 7 years |  |  | $ | 1,411,070 |  |  | $ | 781,883 |  |  |  | 7 years |
The Company capitalized $10 million and $14 million of intangible assets in the three months ended March 30, 2024 and April 1, 2023, respectively. The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $16 million and $14 million, respectively, in the three months ended March 30, 2024 due to the effects of foreign currency translation. Amortization expense for intangible assets was $26 million and $12 million for the three months ended March 30, 2024 and April 1, 2023, respectively. Amortization expense for intangible assets is estimated to be $108 million per year for each of the next five years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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