XML 42 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 27, 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 September 27, 2024
Cost
$194,417 $14,174 $1,700 $62,633 $272,924 
Accumulated amortization
(139,594)(9,828)(734)— (150,156)
Foreign currency translation(7,287)(330)— 1,813 (5,804)
Book value
$47,536 $4,016 $966 $64,446 $116,964 
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$4,264 $16,908 $9,729 $6,913 $4,707 $9,997 
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 
Additions, adjustments from business acquisitions— — 4,022 4,022 
Foreign currency translation65 (667)814 212 
Balance, September 27, 2024$77,607 $142,465 $154,390 $374,462