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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The carrying amounts of goodwill as of June 29, 2025 and December 29, 2024 by reportable segment are as follows (in millions):
| As of June 29, 2025
| KGS |  | US |  | Total
Gross value | $ | 713.5 |  |  | $ | 138.6 |  |  | $ | 852.1 |
Less accumulated impairment | 239.5 |  |  | 13.8 |  |  | 253.3 |
Net | $ | 474.0 |  |  | $ | 124.8 |  |  | $ | 598.8 |
| As of December 29, 2024
| KGS |  | US |  | Total
Gross value | $ | 683.6 |  |  | $ | 138.6 |  |  | 822.2 |
Less accumulated impairment | 239.5 |  |  | 13.8 |  |  | 253.3 |
Net | $ | 444.1 |  |  | $ | 124.8 |  |  | $ | 568.9 |
Schedule of Intangible Assets (Finite-Lived) | The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions):
| As of June 29, 2025 |  | As of December 29, 2024
| Gross Value |  | Accumulated Amortization |  | Net Value |  | Gross Value |  | Accumulated Amortization |  | Net Value
Acquired finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 83.4 |  |  | $ | (66.8) |  |  | $ | 16.6 |  |  | $ | 80.9 |  |  | $ | (65.3) |  |  | $ | 15.6 |
Contracts and backlog | 56.1 |  |  | (45.5) |  |  | 10.6 |  |  | 53.1 |  |  | (43.2) |  |  | 9.9 |
Non-compete Agreements | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | — |  |  | — |
Developed technology and technical know-how | 35.7 |  |  | (30.1) |  |  | 5.6 |  |  | 33.7 |  |  | (29.4) |  |  | 4.3 |
Trade names | 5.8 |  |  | (3.4) |  |  | 2.4 |  |  | 3.8 |  |  | (3.1) |  |  | 0.7 |
In-process research and development | 16.8 |  |  | (0.5) |  |  | 16.3 |  |  | 16.8 |  |  | (0.4) |  |  | 16.4 |
Total finite-lived intangible assets | 198.3 |  |  | (146.3) |  |  | 52.0 |  |  | 188.3 |  |  | (141.4) |  |  | 46.9 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 205.2 |  |  | $ | (146.3) |  |  | $ | 58.9 |  |  | $ | 195.2 |  |  | $ | (141.4) |  |  | $ | 53.8 |
Schedule of Intangible Assets (Indefinite-Lived) | The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions):
| As of June 29, 2025 |  | As of December 29, 2024
| Gross Value |  | Accumulated Amortization |  | Net Value |  | Gross Value |  | Accumulated Amortization |  | Net Value
Acquired finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 83.4 |  |  | $ | (66.8) |  |  | $ | 16.6 |  |  | $ | 80.9 |  |  | $ | (65.3) |  |  | $ | 15.6 |
Contracts and backlog | 56.1 |  |  | (45.5) |  |  | 10.6 |  |  | 53.1 |  |  | (43.2) |  |  | 9.9 |
Non-compete Agreements | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | — |  |  | — |
Developed technology and technical know-how | 35.7 |  |  | (30.1) |  |  | 5.6 |  |  | 33.7 |  |  | (29.4) |  |  | 4.3 |
Trade names | 5.8 |  |  | (3.4) |  |  | 2.4 |  |  | 3.8 |  |  | (3.1) |  |  | 0.7 |
In-process research and development | 16.8 |  |  | (0.5) |  |  | 16.3 |  |  | 16.8 |  |  | (0.4) |  |  | 16.4 |
Total finite-lived intangible assets | 198.3 |  |  | (146.3) |  |  | 52.0 |  |  | 188.3 |  |  | (141.4) |  |  | 46.9 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 205.2 |  |  | $ | (146.3) |  |  | $ | 58.9 |  |  | $ | 195.2 |  |  | $ | (141.4) |  |  | $ | 53.8 |
Schedule of Future Amortization Expense of Acquired Intangibles | The estimated future amortization expense of acquired intangible assets with finite lives for the remainder of 2025 and the next five fiscal years, and thereafter as of June 29, 2025 is as follows (in millions):
| Amount
2025 | $ | 4.9 |
2026 | 10.7 |
2027 | 9.0 |
2028 | 6.1 |
2029 | 6.2 |
Thereafter | 15.1 |
Total | $ | 52.0 |

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