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Intangible Assets
3 Months Ended
Mar. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets 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 28, 2025
Cost
$270,586 $30,990 $3,756 $95,091 $400,423 
Accumulated amortization
(148,689)(7,606)(2,580)— (158,875)
Foreign currency translation(9,043)(464)(32)(123)(9,662)
Book value
$112,854 $22,920 $1,144 $94,968 $231,886 
Weighted average life in years
13103N/A
As of December 27, 2024
Cost
$270,910 $34,731 $3,756 $95,091 $404,488 
Accumulated amortization
(143,689)(10,534)(1,478)— (155,701)
Foreign currency translation(12,102)(1,182)(79)(2,118)(15,481)
Book value
$115,119 $23,015 $2,199 $92,973 $233,306 
Weighted average life in years
1493N/A
Amortization of intangibles for the year to date was $7 million in 2025 and $4 million in 2024. Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
2025 (Remainder)2026202720282029Thereafter
Estimated Amortization Expense$18,157 $16,662 $13,902 $11,734 $11,151 $58,525 

Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): 
ContractorIndustrialExpansion MarketsTotal
Balance, December 27, 2024$198,038 $217,698 $71,732 $487,468 
Adjustments from business acquisitions1,091 — — 1,091 
Foreign currency translation4,819 2,254 — 7,073 
Balance, March 28, 2025$203,948 $219,952 $71,732 $495,632