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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of 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 |  | $ | 178,574 |  |  | $ | 8,854 |  |  | $ | 21,652 |  |  | $ | 209,080 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | (2,087) |  |  | (51,492) |
Balance at December 31, 2022: |  | 138,022 |  |  | 1 |  |  | 19,565 |  |  | 157,588 |
Reductions (1) |  | (7,007) |  |  | — |  |  | — |  |  | (7,007) |
Currency translation |  | 1,239 |  |  | — |  |  | — |  |  | 1,239 |
Balance at December 30, 2023: |  | 132,254 |  |  | 1 |  |  | 19,565 |  |  | 151,820 |
Additions (2) |  | 15,107 |  |  | 146,137 |  |  | — |  |  | 161,244 |
Currency translation |  | (1,899) |  |  | — |  |  | — |  |  | (1,899) |
Balance at December 28, 2024: |  |  |  |  |  |  |  |
Goodwill |  | 186,014 |  |  | 154,991 |  |  | 21,652 |  |  | 362,657 |
Accumulated impairment charges |  | (40,552) |  |  | (8,853) |  |  | (2,087) |  |  | (51,492) |
Goodwill, net |  | $ | 145,462 |  |  | $ | 146,138 |  |  | $ | 19,565 |  |  | $ | 311,165 |
(1) Includes disposal of Heatlink Group business.
(2) Includes acquisitions of Nehring and Elkhart businesses.
Schedule of Carrying Amount of Intangible Assets | The carrying amount of intangible assets at December 28, 2024 was as follows:
(In thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 259,831 |  |  | $ | (25,403) |  |  | $ | 234,428 |
Non-compete agreements |  | 2,847 |  |  | (2,229) |  |  | 618 |
Patents and technology |  | 16,385 |  |  | (8,915) |  |  | 7,470 |
Trade names and licenses |  | 74,816 |  |  | (10,975) |  |  | 63,841 |
Other |  | 1,715 |  |  | (1,715) |  |  | — |
Other intangible assets |  | $ | 355,594 |  |  | $ | (49,237) |  |  | $ | 306,357 |
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 |
Schedule of Amortization Expense for Intangible Assets | Future amortization expense is estimated as follows:
(In thousands) |  | Amount
2025 |  | $ | 20,419 |
2026 |  | 20,281 |
2027 |  | 20,280 |
2028 |  | 20,042 |
2029 |  | 18,743 |
Thereafter |  | 206,592 |
Expected amortization expense |  | $ | 306,357 |

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