XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.21.2

GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
--- | ---
Sep. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of components of amortized intangible assets | The components of amortized intangible assets at September 25, 2021 and December 26, 2020 were as follows:
| September 25, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 239,493 |  |  | $ | 166,857 |  |  | 13 years
Patents & Proprietary Technology | 63,109 |  |  | 12,318 |  |  | 8 years
Other | 7,469 |  |  | 6,828 |  |  | 4 years
| $ | 310,071 |  |  | $ | 186,003 |  |  |
| December 26, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 237,232 |  |  | $ | 155,760 |  |  | 13 years
Patents & Proprietary Technology | 26,208 |  |  | 8,301 |  |  | 14 years
Other | 7,602 |  |  | 6,786 |  |  | 4 years
| $ | 271,042 |  |  | $ | 170,847 |  |  |
Schedule of amortization expense for intangible assets | Amortization expense for intangible assets for the thirteen and thirty-nine weeks ended September 25, 2021 and September 26, 2020, respectively was as follows:
Thirteen weeks ended |  | Thirty-nine weeks ended
2021 |  | 2020 |  | 2021 |  | 2020
$ | 6,137 |  |  | $ | 4,518 |  |  | $ | 15,551 |  |  | $ | 13,621 |
Schedule of future estimated amortization expense | Estimated annual amortization expense related to finite-lived intangible assets is as follows:
| Estimated Amortization Expense
2021 | $ | 21,392 |
2022 | 21,062 |
2023 | 19,261 |
2024 | 17,324 |
2025 | 15,868 |
Schedule of non-amortized intangible assets | The carrying value of trade names at September 25, 2021 and December 26, 2020 are as follows:
| September 25, 2021 |  | December 26, 2020 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Webforge | 8,035 |  |  | 7,972 |  |  | 2010
Convert Italia S.p.A | 8,790 |  |  | 9,137 |  |  | 2018
Valmont SM | 8,386 |  |  | 8,720 |  |  | 2014
Ingal EPS/Ingal Civil Products | 7,790 |  |  | 7,730 |  |  | 2010
Walpar | 3,500 |  |  | 3,500 |  |  | 2018
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Other | 17,769 |  |  | 14,828 |  |  | Various
| $ | 69,381 |  |  | $ | 66,998 |  |  |
Schedule of carrying amount of goodwill | The carrying amount of goodwill by segment as of September 25, 2021 and December 26, 2020 was as follows:
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  |  |  | Total
Gross Balance December 26, 2020 | $ | 232,323 |  |  | $ | 135,335 |  |  | $ | 94,309 |  |  | $ | 30,177 |  |  |  |  | $ | 492,144 |
Accumulated impairment losses | (31,245) |  |  | (14,355) |  |  | (16,222) |  |  | — |  |  |  |  | (61,822) |
Balance at December 26, 2020 | 201,078 |  |  | 120,980 |  |  | 78,087 |  |  | 30,177 |  |  |  |  | 430,322 |
Acquisitions | — |  |  | — |  |  | — |  |  | 280,659 |  |  |  |  | 280,659 |
Foreign currency translation | 170 |  |  | (1,731) |  |  | 129 |  |  | (87) |  |  |  |  | (1,519) |
Balance at September 25, 2021 | $ | 201,248 |  |  | $ | 119,249 |  |  | $ | 78,216 |  |  | $ | 310,749 |  |  |  |  | $ | 709,462 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration