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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill by segment were as follows:
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Goodwill |  | $ | 192,316 |  |  | $ | 8,854 |  |  | $ | 21,652 |  |  | $ | 222,822 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | (2,087) |  |  | (51,492) |
Balance at December 25, 2021: |  | 151,764 |  |  | 1 |  |  | 19,565 |  |  | 171,330 |
Reductions (1) |  | (11,216) |  |  | — |  |  | — |  |  | (11,216) |
Currency translation |  | (2,526) |  |  | — |  |  | — |  |  | (2,526) |
Balance at December 31, 2022: |  | 138,022 |  |  | 1 |  |  | 19,565 |  |  | 157,588 |
Reductions (2) |  | (7,007) |  |  | — |  |  | — |  |  | (7,007) |
Currency translation |  | 1,239 |  |  | — |  |  | — |  |  | 1,239 |
Balance at December 30, 2023: |  |  |  |  |  |  |  |
Goodwill |  | 172,806 |  |  | 8,854 |  |  | 21,652 |  |  | 203,312 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | (2,087) |  |  | (51,492) |
Goodwill, net |  | $ | 132,254 |  |  | $ | 1 |  |  | $ | 19,565 |  |  | $ | 151,820 |
(1) Includes finalization of the purchase price allocation adjustment for Mueller Middle East of $11.2 million.
(2) Includes disposal of Heatlink Group business. |  |  |  |  |  |  |  |
Reporting units with recorded goodwill include Domestic Piping Systems Group, B&K LLC, Great Lakes, European Operations, Jungwoo-Mueller, Mueller Middle East, Westermeyer, and Flex Duct. Several factors give rise to goodwill in the Company’s acquisitions, such as the expected benefit from synergies of the combination and the existing workforce of the acquired businesses. With the exception of the Turbotec reporting unit, there were no impairment charges resulting from the 2023, 2022, or 2021 annual impairment tests as the estimated fair value of each of the reporting units exceeded its carrying value. During the third quarter of 2021, the Company recognized an impairment charge of $2.1 million related to Turbotec, reported within the Climate segment. Other Intangible Assets The carrying amount of intangible assets at December 30, 2023 was as follows:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 50,009 |  |  | $ | (17,535) |  |  | $ | 32,474 |
Non-compete agreements |  | 2,325 |  |  | (2,325) |  |  | — |
Patents and technology |  | 16,681 |  |  | (8,119) |  |  | 8,562 |
Trade names and licenses |  | 12,092 |  |  | (6,920) |  |  | 5,172 |
Other |  | 1,715 |  |  | (1,715) |  |  | — |
Other intangible assets |  | $ | 82,822 |  |  | $ | (36,614) |  |  | $ | 46,208 |
The carrying amount of intangible assets at December 31, 2022 was as follows:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 53,156 |  |  | $ | (15,658) |  |  | $ | 37,498 |
Non-compete agreements |  | 2,333 |  |  | (2,333) |  |  | — |
Patents and technology |  | 18,032 |  |  | (7,570) |  |  | 10,462 |
Trade names and licenses |  | 13,374 |  |  | (6,697) |  |  | 6,677 |
Other |  | 1,676 |  |  | (1,528) |  |  | 148 |
Other intangible assets |  | $ | 88,571 |  |  | $ | (33,786) |  |  | $ | 54,785 |
Amortization expense for intangible assets was $5.0 million in 2023, $5.6 million in 2022, and $6.3 million in 2021. Future amortization expense is estimated as follows:
(In thousands) |  | Amount
2024 |  | $ | 4,623 |
2025 |  | 4,505 |
2026 |  | 4,357 |
2027 |  | 4,356 |
2028 |  | 4,117 |
Thereafter |  | 24,250 |
Expected amortization expense |  | $ | 46,208 |

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