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Intangible Assets (Tables)
3 Months Ended
Mar. 29, 2024
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 March 29, 2024
Cost
$191,417 $13,832 $1,300 $62,633 $269,182 
Accumulated amortization
(131,933)(8,640)(619)— (141,192)
Foreign currency translation(8,839)(368)— (933)(10,140)
Book value
$50,645 $4,824 $681 $61,700 $117,850 
Weighted average life in years
1396N/A
As of December 29, 2023
Cost
$191,417 $14,174 $1,300 $62,633 $269,524 
Accumulated amortization
(128,248)(8,547)(561)— (137,356)
Foreign currency translation(7,591)(344)— 2,025 (5,910)
Book value
$55,578 $5,283 $739 $64,658 $126,258 
Weighted average life in years
1396N/A
Future Amortization Expense Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
2024 (Remainder)2025202620272028Thereafter
Estimated Amortization Expense$12,256 $15,939 $9,090 $6,378 $4,229 $8,258 
Goodwill Rollforward
Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): 
Contractor    Industrial    Process    Total    
Balance, December 29, 2023$77,542 $143,132 $149,554 $370,228 
Foreign currency translation(333)(6,331)(204)(6,868)
Balance, March 29, 2024$77,209 $136,801 $149,350 $363,360