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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jun. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of components of amortized intangible assets | The components of amortized intangible assets at June 25, 2022 and December 25, 2021 were as follows:
| June 25, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships | $ | 246,965 |  |  | $ | 163,494 |  |  | 13 years
Patents & Proprietary Technology | 58,188 |  |  | 17,861 |  |  | 9 years
Trade Name | 2,850 |  |  | 441 |  |  | 7 years
Other | 4,476 |  |  | 4,113 |  |  | 6 years
| $ | 312,479 |  |  | $ | 185,909 |  |  |
| 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 |  |  |
Schedule of amortization expense for intangible assets | Amortization expense for intangible assets for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021, respectively was as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
| 2022 |  | 2021 |  | 2022 |  | 2021
Amortization expense | $ | 5,531 |  |  | $ | 5,182 |  |  | $ | 11,380 |  |  | $ | 9,414 |
Schedule of future estimated amortization expense | Estimated annual amortization expense related to finite-lived intangible assets is as follows:
| Estimated Amortization Expense
2022 | $ | 21,425 |
2023 | 19,588 |
2024 | 17,675 |
2025 | 16,241 |
2026 | 15,823 |
Schedule of non-amortized intangible assets | The carrying value of trade names at June 25, 2022 and December 25, 2021 are as follows:
| June 25, 2022 |  | December 25, 2021 |  | Year Acquired
Newmark | $ | 11,111 |  |  | $ | 11,111 |  |  | 2004
Convert Italia S.p.A | 7,916 |  |  | 8,479 |  |  | 2018
Webforge | 7,215 |  |  | 7,877 |  |  | 2010
Ingal EPS/Ingal Civil Products | 6,996 |  |  | 7,637 |  |  | 2010
Valmont SM | 5,673 |  |  | 6,082 |  |  | 2014
ConcealFab | 5,000 |  |  | — |  |  | 2022
Shakespeare | 4,000 |  |  | 4,000 |  |  | 2014
Walpar | 3,500 |  |  | 3,500 |  |  | 2018
Other | 14,352 |  |  | 14,721 |  |  | Various
| $ | 65,763 |  |  | $ | 63,407 |  |  |
Schedule of carrying amount of goodwill | The carrying amount of goodwill by segment as of June 25, 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 |
Acquisitions | 42,640 |  |  | — |  |  |  |  | 42,640 |
Foreign currency translation | (9,759) |  |  | 296 |  |  |  |  | (9,463) |
Balance at June 25, 2022 | $ | 427,935 |  |  | $ | 313,808 |  |  |  |  | $ | 741,743 |
| Infrastructure Segment |  | Agriculture Segment |  | Total
Gross Balance June 25, 2022 | $ | 489,757 |  |  | $ | 313,808 |  |  | $ | 803,565 |
Accumulated impairment losses | $ | (61,822) |  |  | $ | — |  |  | $ | (61,822) |
Balance at June 25, 2022 | $ | 427,935 |  |  | $ | 313,808 |  |  | $ | 741,743 |

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