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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Segment | The activity in goodwill by segment for the nine months ended September 29, 2024 was as follows:
|  | December 31, 2023 |  |  |  |  |  | Currency Translation |  | September 29, 2024
|  | (In thousands)
U.S. |  | $ | 41,936 |  |  |  |  |  |  | $ | — |  |  | $ | 41,936 |
Europe |  | 1,116,521 |  |  |  |  |  |  | 51,618 |  |  | 1,168,139 |
Mexico |  | 127,804 |  |  |  |  |  |  | (25,073) |  |  | 102,731 |
Total |  | $ | 1,286,261 |  |  |  |  |  |  | $ | 26,545 |  |  | $ | 1,312,806 |
Schedule of Indefinite and Finite-Lived Intangible Assets | Intangible assets consisted of the following:
|  | December 31, 2023 |  |  |  | Amortization |  | Currency Translation |  | September 29, 2024
|  | (In thousands)
Cost: |  |  |  |  |  |  |  |  |  |
Trade names not subject to amortization |  | $ | 580,473 |  |  |  |  | $ | — |  |  | $ | 25,083 |  |  | $ | 605,556 |
Trade names subject to amortization |  | 112,681 |  |  |  |  | — |  |  | 1,506 |  |  | 114,187 |
Customer relationships |  | 441,719 |  |  |  |  | — |  |  | 8,420 |  |  | 450,139 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |
Trade names |  | (57,762) |  |  |  |  | (2,919) |  |  | (251) |  |  | (60,932) |
Customer relationships |  | (223,128) |  |  |  |  | (21,389) |  |  | (2,033) |  |  | (246,550) |
Intangible assets, net |  | $ | 853,983 |  |  |  |  | $ | (24,308) |  |  | $ | 32,725 |  |  | $ | 862,400 |
Schedule of Intangible Assets Amortization and Estimated Useful Lives | 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

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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