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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The activity in goodwill by segment for the nine months ended September 26, 2021 was as follows:
|  | December 27, 2020 |  | Additions |  |  |  | Currency Translation |  | September 26, 2021
|  | (In thousands)
U.S. |  | $ | 41,936 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 41,936 |
U.K. and Europe |  | 835,505 |  |  | 370,237 |  |  |  |  | 6,390 |  |  | 1,212,132 |
Mexico |  | 127,804 |  |  | — |  |  |  |  | — |  |  | 127,804 |
Total |  | $ | 1,005,245 |  |  | $ | 370,237 |  |  |  |  | $ | 6,390 |  |  | $ | 1,381,872 |
Identified intangible assets consisted of the following:
|  | December 27, 2020 |  | Additions |  | Amortization |  | Currency Translation |  |  |  |  |  | September 26, 2021
|  | (In thousands)
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 78,343 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | 78,343 |
Customer relationships |  | 297,062 |  |  | 395,719 |  |  | — |  |  | 195 |  |  |  |  |  |  | 692,976 |
Non-compete agreements |  | 320 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | 320 |
Trade names not subject to amortization |  | 405,240 |  |  | 57,349 |  |  | — |  |  | 3,257 |  |  |  |  |  |  | 465,846 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | (47,486) |  |  | — |  |  | (1,476) |  |  | — |  |  |  |  |  |  | (48,962) |
Customer relationships |  | (143,246) |  |  | — |  |  | (16,010) |  |  | (283) |  |  |  |  |  |  | (159,539) |
Non-compete agreements |  | (320) |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | (320) |
Intangible assets, net |  | $ | 589,913 |  |  | $ | 453,068 |  |  | $ | (17,486) |  |  | $ | 3,169 |  |  |  |  |  |  | $ | 1,028,664 |
Additions shown in above tables are comprised of goodwill, trade names not subject to amortization, and a customer relationships intangible asset recorded as part of the acquisition of the Kerry Consumer Foods’ Specialty Meats and Ready Meals businesses (“Kerry Meats and Meals Acquisition”). For additional information regarding the initial valuation and assumptions used, refer to “Note 19. Business Acquisitions.” Intangible assets are amortized over the estimated useful lives of the assets as follows:
Customer relationships | 3-20 years
Trade names subject to amortization | 20 years
Non-compete agreements | 3 years
At September 26, 2021, the Company assessed if events or changes in circumstances indicated that the asset group-level carrying amounts of its identified intangible assets subject to amortization might not be recoverable. There were no indicators present that required the Company to test the recoverability of the asset group-level carrying amounts of its identified intangible assets subject to amortization at that date.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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