GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 25, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The activity in goodwill by segment for the nine months ended September 25, 2022 was as follows:


	December 26, 2021		Additions		Currency Translation		September 25, 2022
	(In thousands)
U.S.	$	41,936	$	—	$	—	$	41,936
U.K. and Europe	1,167,512		5,401		(218,367)		954,546
Mexico	127,804		—		—		127,804
Total	$	1,337,252	$	5,401	$	(218,367)	$	1,124,286

Additions shown in goodwill table above are primarily comprised of working capital adjustments made as part of the prior year business acquisitions. For additional information, refer to “Note 2. Business Acquisition.”

Intangible assets consisted of the following:


	December 26, 2021		Amortization		Disposals		Currency Translation		September 25, 2022
	(In thousands)
Cost:
Trade names not subject to amortization	$	609,713	$	—	$	—	$	(119,483)	$	490,230
Trade names subject to amortization	114,268		—		—		(1,865)		112,403
Customer relationships	455,459		—		—		(53,724)		401,735
Non-compete agreements	320		—		(320)		—		—
Accumulated amortization:
Trade names	(49,901)		(2,961)		—		111		(52,751)
Customer relationships	(166,296)		(22,668)		—		16,968		(171,996)
Non-compete agreements	(320)		—		320		—		—
Intangible assets, net	$	963,243	$	(25,629)	$	—	$	(157,993)	$	779,621

Intangible assets are amortized over the estimated useful lives of the assets as follows:


Customer relationships			3-18 years
Trade names subject to amortization			15-20 years
Non-compete agreements			3 years

At September 25, 2022, the Company assessed if events or changes in circumstances indicated that the asset group-level carrying amounts of its 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 intangible assets subject to amortization at that date.