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Goodwill and Purchased Intangible Assets | 12 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Purchased Intangible Assets | 5. Goodwill and Purchased Intangible Assets: Goodwill and purchased intangible assets with indefinite useful lives are not amortized but are reviewed for impairment annually during the fourth quarter of each fiscal year and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The process of evaluating the potential impairment of goodwill and intangible assets requires significant judgment. The Company regularly monitors current business conditions and considers other factors including, but not limited to, adverse industry or economic trends, restructuring actions and lower projections of profitability that may impact future operating results. The Company performed its annual assessment in the fourth quarter of fiscal 2023 and concluded that no impairment charge was required. Goodwill There were no changes to the carrying amount of goodwill for the years ended December 30, 2023 and December 31, 2022. Purchased Intangible Assets Purchased intangible assets as of December 30, 2023 and December 31, 2022 are as follows:
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
December 30, 2023 |  |  |  |  |  |  |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 378,197 |  |  | $ | 254,350 |  |  | $ | 123,847 |
Customer and distributor relationships |  |  | 73,321 |  |  |  | 34,782 |  |  |  | 38,539 |
Trademarks and trade names |  |  | 14,171 |  |  |  | 9,182 |  |  |  | 4,989 |
Total identifiable intangible assets |  | $ | 465,689 |  |  | $ | 298,314 |  |  | $ | 167,375 |
December 31, 2022 |  |  |  |  |  |  |  |  |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 378,197 |  |  | $ | 205,386 |  |  | $ | 172,811 |
Customer and distributor relationships |  |  | 73,321 |  |  |  | 30,195 |  |  |  | 43,126 |
Trademarks and trade names |  |  | 14,171 |  |  |  | 7,911 |  |  |  | 6,260 |
Total identifiable intangible assets |  | $ | 465,689 |  |  | $ | 243,492 |  |  | $ | 222,197 |
Intangible asset amortization expense amounted to $54,822, $55,284 and $51,366 for the years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively. Assuming no change in the gross carrying value of identifiable intangible assets and estimated lives, estimated amortization expenses are $49,137 for 2024, $32,587 for 2025, $31,394 for 2026, $23,173 for 2027 and $12,288 for 2028.

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