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Goodwill | 9 Months Ended
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Sep. 28, 2024
Notes To Financial Statements [Abstract] |
Goodwill | Goodwill Changes in the carrying amount of goodwill for the nine months ended September 28, 2024 are as follows (in thousands):
| Commercial Foodservice |  | Food Processing |  | Residential Kitchen |  | Total
Balance as of December 30, 2023 | $ | 1,329,056 |  |  | $ | 375,217 |  |  | $ | 782,037 |  |  | $ | 2,486,310 |
Goodwill acquired during the year | — |  |  | 831 |  |  | — |  |  | 831 |
Measurement period adjustments to goodwill acquired in prior year | 271 |  |  | 57 |  |  | 224 |  |  | 552 |
Exchange effect | 3,149 |  |  | 1,930 |  |  | 14,038 |  |  | 19,117 |
Balance as of September 28, 2024 | $ | 1,332,476 |  |  | $ | 378,035 |  |  | $ | 796,299 |  |  | $ | 2,506,810 |
The annual impairment assessment for goodwill and indefinite-lived intangible assets is performed as of the first day of the fourth quarter. The company does not believe there have been any interim indicators of impairment requiring analysis other than at the annual assessment date. This is supported by the review of order rates, backlog levels and financial performance across business segments.

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