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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Amortized Intangible Assets The components of amortized intangible assets at March 26, 2022 and December 25, 2021 were as follows:
| March 26, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 225,201 |  |  | $ | 164,130 |  |  | 13 years
Patents & Proprietary Technology | 58,657 |  |  | 15,978 |  |  | 9 years
Trade Name | 2,850 |  |  | 339 |  |  | 6 years
Other | 4,511 |  |  | 4,087 |  |  | 6 years
| $ | 291,219 |  |  | $ | 184,534 |  |  |
| 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 |  |  |
Amortization expense for intangible assets for the thirteen weeks ended March 26, 2022 and March 27, 2021, respectively was as follows:
| Thirteen weeks ended |  |
| 2022 |  | 2021 |  |  |  |
Amortization expense | $ | 5,849 |  |  | $ | 4,232 |  |  |  |  |
Estimated annual amortization expense related to finite-lived intangible assets is as follows:
| Estimated Amortization Expense
2022 | $ | 20,044 |
2023 | 17,783 |
2024 | 15,869 |
2025 | 14,435 |
2026 | 14,012 |
The useful lives assigned to finite-lived intangible assets included consideration of factors such as the Company’s past and expected experience related to customer retention rates, the remaining legal or contractual life of the underlying arrangement that resulted in the recognition of the intangible asset and the Company’s expected use of the intangible asset. Non-amortized intangible assets Intangible assets with indefinite lives are not amortized and consist solely of trade names. The carrying value of trade names at March 26, 2022 and December 25, 2021 are as follows:
| March 26, 2022 |  | December 25, 2021 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Convert Italia S.p.A | 8,238 |  |  | 8,479 |  |  | 2018
Webforge | 7,747 |  |  | 7,877 |  |  | 2010
Ingal EPS/Ingal Civil Products | 7,511 |  |  | 7,637 |  |  | 2010
Valmont SM | 5,904 |  |  | 6,082 |  |  | 2014
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Walpar | 3,500 |  |  | 3,500 |  |  | 2018
Other | 14,729 |  |  | 14,721 |  |  | Various
| $ | 62,740 |  |  | $ | 63,407 |  |  |
In its determination of these intangible assets as indefinite-lived, the Company considered such factors as its expected future use of the intangible asset, legal, regulatory, technological and competitive factors that may impact the useful life or value of the intangible asset and the expected costs to maintain the value of the intangible asset. The Company expects that these intangible assets will maintain their value indefinitely. Accordingly, these assets are not amortized. The Company’s trade names were tested for impairment as of August 28, 2021. The values of each trade name were determined using the relief-from-royalty method. Based on this evaluation, no trade names were determined to be impaired. Goodwill The carrying amount of goodwill by segment as of March 26, 2022 and December 25, 2021 was as follows:
| Infrastructure Segment |  | Agriculture Segment |  |  |  | Total
Gross Balance December 25, 2021 | $ | 456,876 |  |  | $ | 313,512 |  |  |  |  | $ | 770,388 |
Accumulated impairment losses | (61,822) |  |  | — |  |  |  |  | (61,822) |
Balance at December 25, 2021 | 395,054 |  |  | 313,512 |  |  |  |  | 708,566 |
Foreign currency translation | (1,584) |  |  | 710 |  |  |  |  | (874) |
Balance at March 26, 2022 | $ | 393,470 |  |  | $ | 314,222 |  |  |  |  | $ | 707,692 |
| Infrastructure Segment |  | Agriculture Segment |  | Total
Gross Balance March 26, 2022 | $ | 455,292 |  |  | $ | 314,222 |  |  | $ | 769,514 |
Accumulated impairment losses | (61,822) |  |  | — |  |  | (61,822) |
Balance at March 26, 2022 | $ | 393,470 |  |  | $ | 314,222 |  |  | $ | 707,692 |
The Company’s annual impairment test of goodwill was performed as of August 28, 2021, using primarily the discounted cash flow method. During fiscal 2022, no goodwill impairment has been recorded.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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