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Intangible Assets (Tables)
9 Months Ended
Sep. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
Components of other intangible assets were as follows (dollars in thousands):
Finite LifeIndefinite Life
Customer
Relationships
Patents and
Proprietary
Technology
Trademarks,
Trade Names
and Other
Trade
Names
Total
As of September 29, 2023
Cost
$197,417 $26,374 $1,300 $62,633 $287,724 
Accumulated amortization
(130,424)(19,751)(503)— (150,678)
Foreign currency translation(9,647)(882)— (1,693)(12,222)
Book value
$57,346 $5,741 $797 $60,940 $124,824 
Weighted average life in years
1396N/A
As of December 30, 2022
Cost
$202,103 $26,374 $1,300 $62,633 $292,410 
Accumulated amortization
(123,603)(18,027)(330)— (141,960)
Foreign currency translation(10,060)(894)— (1,989)(12,943)
Book value
$68,440 $7,453 $970 $60,644 $137,507 
Weighted average life in years
13106N/A
Future Amortization Expense Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
2023 (Remainder)2024202520262027Thereafter
Estimated Amortization Expense$4,166 $16,155 $15,739 $8,982 $6,358 $12,484 
Goodwill Rollforward
Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): 
Contractor    Industrial    Process    Total    
Balance, December 30, 2022$77,034 $134,771 $156,366 $368,171 
Impairment— — (7,800)(7,800)
Foreign currency translation(122)286 180 344 
Balance, September 29, 2023$76,912 $135,057 $148,746 $360,715