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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 24, 2023
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 24, 2023 was as follows:
|  | December 25, 2022 |  |  |  |  |  | Currency Translation |  | September 24, 2023
|  | (In thousands)
U.S. |  | $ | 41,936 |  |  |  |  |  |  | $ | — |  |  | $ | 41,936 |
U.K. and Europe |  | 1,058,204 |  |  |  |  |  |  | 15,229 |  |  | 1,073,433 |
Mexico |  | 127,804 |  |  |  |  |  |  | — |  |  | 127,804 |
Total |  | $ | 1,227,944 |  |  |  |  |  |  | $ | 15,229 |  |  | $ | 1,243,173 |
Intangible assets consisted of the following:
|  | December 25, 2022 |  |  |  | Amortization |  | Currency Translation |  | September 24, 2023
|  | (In thousands)
Cost: |  |  |  |  |  |  |  |  |  |
Trade names not subject to amortization |  | $ | 549,024 |  |  |  |  | $ | — |  |  | $ | 9,078 |  |  | $ | 558,102 |
Trade names subject to amortization |  | 112,057 |  |  |  |  | — |  |  | 2,255 |  |  | 114,312 |
Customer relationships |  | 427,662 |  |  |  |  | — |  |  | 3,527 |  |  | 431,189 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |
Trade names |  | (53,708) |  |  |  |  | (2,861) |  |  | (2,952) |  |  | (59,521) |
Customer relationships |  | (189,015) |  |  |  |  | (21,951) |  |  | (845) |  |  | (211,811) |
Intangible assets, net |  | $ | 846,020 |  |  |  |  | $ | (24,812) |  |  | $ | 11,063 |  |  | $ | 832,271 |
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
At September 24, 2023, 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. The Company will perform its annual tests of recoverability of goodwill and trade names not subject to amortization in the fourth quarter of 2023, which if there were to be an impairment could be material.

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