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Goodwill and Other Intangibles | 6 Months Ended
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Jun. 29, 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 June 29, 2024 and December 31, 2023. The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
|  | June 29, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |
Capitalized software |  | $ | 657,175 |  |  | $ | 499,290 |  |  |  | 5 years |  |  | $ | 660,273 |  |  | $ | 495,317 |  |  |  | 5 years |
Purchased intangibles |  |  | 611,721 |  |  |  | 218,781 |  |  |  | 10 years |  |  |  | 614,357 |  |  |  | 197,154 |  |  |  | 10 years |
Trademarks |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  | 9,680 |  |  |  | — |  |  |  | — |
Licenses |  |  | 14,665 |  |  |  | 9,029 |  |  |  | 7 years |  |  |  | 14,798 |  |  |  | 8,429 |  |  |  | 7 years |
Patents and other intangibles |  |  | 114,537 |  |  |  | 84,280 |  |  |  | 8 years |  |  |  | 111,962 |  |  |  | 80,983 |  |  |  | 8 years |
Total |  | $ | 1,407,778 |  |  | $ | 811,380 |  |  |  | 7 years |  |  | $ | 1,411,070 |  |  | $ | 781,883 |  |  |  | 7 years |
The Company capitalized intangible assets in the amounts of $10 million and $431 million in the three months ended June 29, 2024 and July 1, 2023, respectively, and $20 million and $445 million in the six months ended June 29, 2024 and July 1, 2023, respectively. The increases in intangible assets in the three and six months ended July 1, 2023 were a result of the Wyatt acquisition. The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $ 23 million and $ 22 million, respectively, in the six months ended June 29, 2024 due to the effects of foreign currency translation. Amortization expense for intangible assets was $ 25 million and $ 18 million for the three months ended June 29, 2024 and July 1, 2023. Amortization expense for intangible assets was $ 51 million and $ 30 million for the six months ended June 29, 2024 and July 1, 2023, respectively. Amortization expense for intangible assets is estimated to be $ 105 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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