XML 58 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill by segment were as follows:
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Goodwill |  | $ | 168,700 |  |  | $ | 8,854 |  |  | $ | 22,186 |  |  | $ | 199,740 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | — |  |  | (49,405) |
Balance at December 29, 2018: |  | 128,148 |  |  | 1 |  |  | 22,186 |  |  | 150,335 |
Additions (1) |  | 1,999 |  |  | — |  |  | — |  |  | 1,999 |
Reductions (2) |  | — |  |  | — |  |  | (534) |  |  | (534) |
Currency translation |  | 1,476 |  |  | — |  |  | — |  |  | 1,476 |
Balance at December 28, 2019: |  | 131,623 |  |  | 1 |  |  | 21,652 |  |  | 153,276 |
Additions |  | 11,710 |  |  | — |  |  | 1,964 |  |  | 13,674 |
Currency translation |  | 814 |  |  | — |  |  | — |  |  | 814 |
Balance at December 26, 2020: |  |  |  |  |  |  |  |
Goodwill |  | 184,699 |  |  | 8,854 |  |  | 23,616 |  |  | 217,169 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | — |  |  | (49,405) |
Goodwill, net |  | $ | 144,147 |  |  | $ | 1 |  |  | $ | 23,616 |  |  | $ | 167,764 |
(1) Includes finalization of the purchase price allocation adjustment for Die-Mold of $2.0 million. (2) Includes finalization of the purchase price allocation adjustment for ATCO of $0.5 million.
Carrying amount of intangible assets | The carrying amount of intangible assets at December 26, 2020 was as follows:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 61,068 |  |  | $ | (11,676) |  |  | $ | 49,392 |
Non-compete agreements |  | 2,689 |  |  | (2,527) |  |  | 162 |
Patents and technology |  | 22,585 |  |  | (5,672) |  |  | 16,913 |
Trade names and licenses |  | 14,631 |  |  | (4,476) |  |  | 10,155 |
Other |  | 1,676 |  |  | (1,091) |  |  | 585 |
Other intangible assets |  | $ | 102,649 |  |  | $ | (25,442) |  |  | $ | 77,207 |
The carrying amount of intangible assets at December 28, 2019 was as follows:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 44,832 |  |  | $ | (8,773) |  |  | $ | 36,059 |
Non-compete agreements |  | 2,499 |  |  | (2,156) |  |  | 343 |
Patents and technology |  | 19,804 |  |  | (4,060) |  |  | 15,744 |
Trade names and licenses |  | 10,155 |  |  | (3,249) |  |  | 6,906 |
Other |  | 1,676 |  |  | (646) |  |  | 1,030 |
Other intangible assets |  | $ | 78,966 |  |  | $ | (18,884) |  |  | $ | 60,082 |
Amortization expense for intangible assets | Future amortization expense is estimated as follows:
(In thousands) |  | Amount
2021 |  | $ | 6,393 |
2022 |  | 6,311 |
2023 |  | 6,000 |
2024 |  | 5,769 |
2025 |  | 5,743 |
Thereafter |  | 46,991 |
Expected amortization expense |  | $ | 77,207 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration