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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Components of Amortized Intangible Assets | The components of amortized intangible assets at April 1, 2023 and December 31, 2022 were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 1, 2023
​ | ​ | Gross | ​ | ​ | ​ | ​ | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Average
​ |  | Amount |  | Amortization |  | Life
Customer Relationships | ​ | $ | 223,388 | ​ | $ | 149,136 | ​ | 13 years
Patents & Proprietary Technology | ​ |  | 58,687 | ​ |  | 23,350 |  | 9 years
Trade Name | ​ |  | 2,850 | ​ |  | 746 |  | 7 years
Other | ​ |  | 2,647 | ​ |  | 2,289 |  | 5 years
​ | ​ | $ | 287,572 | ​ | $ | 175,521 | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | Gross | ​ | ​ | ​ | ​ | Weighted
​ | ​ | Carrying | ​ | Accumulated | ​ | Average
​ | ​ | Amount |  | Amortization |  | Life
Customer Relationships | ​ | $ | 222,716 | ​ | $ | 145,502 | ​ | 13 years
Patents & Proprietary Technology | ​ |  | 58,404 | ​ |  | 21,291 |  | 9 years
Trade Name | ​ |  | 2,850 | ​ |  | 645 |  | 7 years
Other | ​ |  | 2,462 | ​ |  | 2,164 |  | 5 years
​ | ​ | $ | 286,432 | ​ | $ | 169,602 | ​ | ​
​
Schedule of Future Estimated Amortization Expense | Estimated annual amortization expense related to finite-lived intangible assets is as follows:
​ | ​ | ​ | ​
​ |  | Estimated
​ | ​ | Amortization
​ | ​ | Expense
Remainder of 2023 | ​ | $ | 15,804
2024 | ​ |  | 19,028
2025 | ​ |  | 17,348
2026 | ​ |  | 12,834
2027 | ​ | ​ | 9,653
2028 | ​ |  | 8,837
​
Schedule of Non-Amortized Intangible Assets | The carrying value of trade names at April 1, 2023 and December 31, 2022 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | April 1, |  | December 31, |  | Year
​ | ​ | 2023 | ​ | 2022 | ​ | Acquired
Newmark | ​ | $ | 11,111 | ​ | $ | 11,111 |  | 2004
Convert Italia S.p.A. | ​ |  | 8,131 | ​ |  | 8,024 |  | 2018
Webforge | ​ | ​ | 7,248 | ​ | ​ | 7,107 | ​ | 2010
Ingal EPS / Ingal Civil Products | ​ |  | 7,027 | ​ |  | 6,891 |  | 2010
ConcealFab | ​ |  | 5,000 | ​ |  | 5,000 |  | 2022
Shakespeare | ​ |  | 4,000 | ​ |  | 4,000 |  | 2014
Walpar | ​ |  | 3,500 | ​ |  | 3,500 |  | 2018
Other | ​ |  | 14,232 | ​ |  | 14,152 |  | Various
​ | ​ | $ | 60,249 | ​ | $ | 59,785 | ​ | ​
​
Schedule of Carrying Amount of Goodwill | The carrying amount of goodwill by segment at April 1, 2023 and December 31, 2022 was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Infrastructure |  | Agriculture |  | ​ | ​
​ | ​ | Segment | ​ | Segment | ​ | Total
Gross Balance December 31, 2022 | ​ | $ | 473,551 | ​ | $ | 313,777 | ​ | $ | 787,328
Accumulated impairment losses | ​ |  | (47,467) | ​ |  | — | ​ |  | (47,467)
Balance at December 31, 2022 | ​ |  | 426,084 | ​ |  | 313,777 | ​ | ​ | 739,861
Foreign currency translation | ​ |  | 1,704 | ​ |  | 170 | ​ |  | 1,874
Balance at April 1, 2023 | ​ | $ | 427,788 | ​ | $ | 313,947 | ​ | $ | 741,735
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Infrastructure |  | Agriculture |  | ​ | ​
​ | ​ | Segment | ​ | Segment | ​ | Total
Gross Balance April 1, 2023 | ​ | $ | 475,255 | ​ | $ | 313,947 | ​ | $ | 789,202
Accumulated impairment losses | ​ | ​ | (47,467) | ​ | ​ | — | ​ | ​ | (47,467)
Balance at April 1, 2023 | ​ | $ | 427,788 | ​ | $ | 313,947 | ​ | $ | 741,735
​
Schedule of amortization expense for intangible assets | Amortization expense for intangible assets for the thirteen weeks ended April 1, 2023 and March 26, 2022, respectively, was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen weeks ended
​ |  | 2023 |  | 2022
Amortization expense | ​ | $ | 5,190 | ​ | $ | 5,849
​

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