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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 24, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of components of amortized intangible assets | The components of amortized intangible assets as of September 24, 2022 and December 25, 2021 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 24, 2022
​ | ​ | Gross | ​ | ​ | ​ | ​ | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Average
​ |  | Amount |  | Amortization |  | Life
Customer Relationships | ​ | $ | 241,049 | ​ | $ | 160,896 | ​ | 13 years
Patents & Proprietary Technology | ​ |  | 57,202 | ​ |  | 19,572 |  | 8 years
Trade Name | ​ |  | 2,850 | ​ |  | 543 |  | 7 years
Other | ​ |  | 4,415 | ​ |  | 4,091 |  | 6 years
​ | ​ | $ | 305,516 | ​ | $ | 185,102 | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, 2021
​ | ​ | Gross | ​ | ​ | ​ | ​ | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Average
​ | ​ | Amount |  | Amortization |  | 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 thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended | ​ | Thirty-nine weeks ended
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Amortization expense | ​ | $ | 5,386 | ​ | $ | 6,137 | ​ | $ | 16,766 | ​ | $ | 15,551
Schedule of future estimated amortization expense | Estimated annual amortization expense related to finite-lived intangible assets is as follows:
​ | ​ | ​ | ​
​ |  | Estimated
​ | ​ | Amortization
​ | ​ | Expense
2022 | ​ | $ | 22,021
2023 | ​ |  | 20,631
2024 | ​ |  | 18,703
2025 | ​ |  | 17,269
2026 | ​ |  | 12,743
Schedule of non-amortized intangible assets |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 24, |  | December 25, |  | Year
​ | ​ | 2022 | ​ | 2021 | ​ | Acquired
Newmark | ​ | $ | 11,111 | ​ | $ | 11,111 |  | 2004
Convert Italia S.p.A | ​ |  | 7,266 | ​ |  | 8,479 |  | 2018
Webforge | ​ | ​ | 6,375 | ​ | ​ | 7,877 | ​ | 2010
Ingal EPS/Ingal Civil Products | ​ |  | 6,181 | ​ |  | 7,637 |  | 2010
Valmont SM | ​ |  | 5,209 | ​ |  | 6,082 |  | 2014
ConcealFab | ​ |  | 5,000 | ​ |  | — |  | 2022
Shakespeare | ​ |  | 4,000 | ​ |  | 4,000 |  | 2014
Walpar | ​ |  | 3,500 | ​ |  | 3,500 |  | 2018
Other | ​ |  | 13,741 | ​ |  | 14,721 |  | Various
​ | ​ | $ | 62,383 | ​ | $ | 63,407 | ​ | ​
Schedule of carrying amount of goodwill | The carrying amount of goodwill by segment as of September 24, 2022 and December 25, 2021 was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Infrastructure |  | Agriculture |  | ​ | ​
​ | ​ | Segment | ​ | 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 | ​ |  | 42,465 | ​ |  | — | ​ |  | 42,465
Foreign currency translation | ​ |  | (22,726) | ​ |  | 282 | ​ |  | (22,444)
Balance at September 24, 2022 | ​ | $ | 414,793 | ​ | $ | 313,794 | ​ | $ | 728,587
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Infrastructure |  | Agriculture |  | ​ | ​
​ | ​ | Segment | ​ | Segment | ​ | Total
Gross Balance September 24, 2022 | ​ | $ | 476,615 | ​ | $ | 313,794 | ​ | $ | 790,409
Accumulated impairment losses | ​ | ​ | (61,822) | ​ | ​ | — | ​ | ​ | (61,822)
Balance at September 24, 2022 | ​ | $ | 414,793 | ​ | $ | 313,794 | ​ | $ | 728,587

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