XML 60 R38.htm IDEA: XBRL DOCUMENT
v3.22.0.1

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Components of Amortized Intangible Assets | The components of amortized intangible assets at December 25, 2021 and December 26, 2020 were as follows:
| December 25, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 224,597 |  |  | $ | 160,626 |  |  | 13 years
Patents & Proprietary Technology | 58,699 |  |  | 13,955 |  |  | 9 years
Trade Name | 2,850 |  |  | 183 |  |  | 7 years
Other | 4,534 |  |  | 3,959 |  |  | 6 years
| $ | 290,680 |  |  | $ | 178,723 |  |  |
| 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 Future Estimated Amortization Expense | Estimated annual amortization expense related to finite‑lived intangible assets is as follows:
| Estimated Amortization Expense
2022 | $ | 19,466 |
2023 | 17,692 |
2024 | 15,768 |
2025 | 14,301 |
2026 | 10,123 |
Schedule of Non-Amortized Intangible Assets | The carrying values of these trade names at December 25, 2021 and December 26, 2020 were as follows:
| December 25, 2021 |  | December 26, 2020 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Webforge | 7,877 |  |  | 7,972 |  |  | 2010
Valmont SM | 6,082 |  |  | 8,720 |  |  | 2014
Ingal EPS/Ingal Civil Products | 7,637 |  |  | 7,730 |  |  | 2010
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Walpar | 3,500 |  |  | 3,500 |  |  | 2018
Convert | 8,479 |  |  | 9,137 |  |  | 2018
Other | 14,721 |  |  | 14,828 |  |  |
| $ | 63,407 |  |  | $ | 66,998 |  |  |
Schedule of Carrying Amount of Goodwill | The carrying amount of goodwill by segment as of December 25, 2021 and December 26, 2020 was as follows:
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  |  |  | Total
Gross balance at 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 | — |  |  | — |  |  | — |  |  | 284,253 |  |  |  |  | 284,253 |
Foreign currency translation | (1,632) |  |  | (3,256) |  |  | (203) |  |  | (918) |  |  |  |  | (6,009) |
Balance at December 25, 2021 | $ | 199,446 |  |  | $ | 117,724 |  |  | $ | 77,884 |  |  | $ | 313,512 |  |  |  |  | $ | 708,566 |
| Engineered Support Structures Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  |  |  | Total
Gross balance at December 28, 2019 | $ | 228,634 |  |  | $ | 130,594 |  |  | $ | 93,747 |  |  | $ | 25,136 |  |  |  |  | $ | 478,111 |
Accumulated impairment losses | (18,670) |  |  | (14,355) |  |  | (16,222) |  |  | — |  |  |  |  | (49,247) |
Balance at December 28, 2019 | 209,964 |  |  | 116,239 |  |  | 77,525 |  |  | 25,136 |  |  |  |  | 428,864 |
Acquisitions | — |  |  | 1,100 |  |  | — |  |  | 5,038 |  |  |  |  | 6,138 |
Impairment | (12,575) |  |  | — |  |  | — |  |  | — |  |  |  |  | (12,575) |
Foreign currency translation | 3,689 |  |  | 3,641 |  |  | 562 |  |  | 3 |  |  |  |  | 7,895 |
Balance at December 26, 2020 | $ | 201,078 |  |  | $ | 120,980 |  |  | $ | 78,087 |  |  | $ | 30,177 |  |  |  |  | $ | 430,322 |

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