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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying value of goodwill were as follows (in thousands):
Balance as of December 31, 2024 |  | $ | 384,937 |
Foreign exchange rate changes |  | 4,992 |
Balance as of March 30, 2025 |  | $ | 389,929 |
Amortized intangible assets as of March 30, 2025 consisted of the following (in thousands):
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships | $ | 70,082 |  |  | $ | (11,650) |  |  | $ | 58,432 |
Completed technologies | 59,520 |  |  | (27,279) |  |  | 32,241 |
Trademarks | 844 |  |  | (421) |  |  | 423 |
Non-compete agreements | 340 |  |  | (302) |  |  | 38 |
Balance as of March 30, 2025 | $ | 130,786 |  |  | $ | (39,652) |  |  | $ | 91,134 |
Amortized intangible assets as of December 31, 2024 consisted of the following (in thousands):
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships | $ | 67,781 |  |  | $ | (10,229) |  |  | $ | 57,552 |
Completed technologies | 58,373 |  |  | (25,766) |  |  | 32,607 |
Trademarks | 810 |  |  | (337) |  |  | 473 |
Non-compete agreements | 340 |  |  | (288) |  |  | 52 |
Balance as of December 31, 2024 | $ | 127,304 |  |  | $ | (36,620) |  |  | $ | 90,684 |
Future amortization expense related to intangible assets as of March 30, 2025 is as follows (in thousands):
|  | Amount
Remainder of fiscal 2025 |  | $ | 7,773 |
2026 |  | 10,064 |
2027 |  | 9,131 |
2028 |  | 8,401 |
2029 |  | 8,401 |
2030 |  | 7,858 |
Thereafter |  | 39,506 |
|  | $ | 91,134 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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