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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The amounts for goodwill and changes in the carrying value of goodwill by segment for the nine months ended September 27, 2025 were as follows:
(in thousands) |  | Electronics |  | Transportation |  | Industrial |  | Total
Net goodwill as of December 28, 2024 |  |  |  |  |  |  |  |
Gross goodwill as of December 28, 2024 |  | $ | 906,871 |  |  | $ | 233,286 |  |  | $ | 173,882 |  |  | $ | 1,314,039 |
Accumulated impairment losses as of December 28, 2024 |  | — |  |  | (41,645) |  |  | (43,892) |  |  | (85,537) |
Total |  | 906,871 |  |  | 191,641 |  |  | 129,990 |  |  | 1,228,502 |
Changes during 2025: |  |  |  |  |  |  |  |
Additions (a) |  | 57,321 |  |  | — |  |  | — |  |  | 57,321 |
Foreign currency translation adjustments |  | 58,108 |  |  | 5,442 |  |  | 6,665 |  |  | 70,215 |
Net goodwill as of September 27, 2025 |  |  |  |  |  |  |  |
Gross goodwill as of September 27, 2025 |  | 1,022,300 |  |  | 241,368 |  |  | 185,157 |  |  | 1,448,825 |
Accumulated impairment losses as of September 27, 2025 |  | — |  |  | (44,285) |  |  | (48,502) |  |  | (92,787) |
Total |  | 1,022,300 |  |  | 197,083 |  |  | 136,655 |  |  | 1,356,038 |
(a) The additions resulted from the acquisition of Dortmund Fab.
Schedule of Finite-Lived Intangible Assets | The components of intangible assets as of September 27, 2025 and December 28, 2024 were as follows:
|  |  | As of September 27, 2025
(in thousands) |  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Land use rights |  |  | $ | 16,410 |  |  | $ | 3,431 |  |  | $ | 12,979 |
Patents, licenses, and software |  |  | 274,617 |  |  | 205,666 |  |  | 68,951 |
Distribution network |  |  | 42,307 |  |  | 42,307 |  |  | — |
Customer relationships, trademarks, and tradenames |  |  | 657,090 |  |  | 280,244 |  |  | 376,846 |
Total |  |  | $ | 990,424 |  |  | $ | 531,648 |  |  | $ | 458,776 |
| As of December 28, 2024
(in thousands) | Gross Carrying Value |  | Accumulated Amortization |  | Net Book Value
Land use rights | $ | 16,079 |  |  | $ | 2,994 |  |  | $ | 13,085 |
Patents, licenses, and software | 260,096 |  |  | 180,674 |  |  | 79,422 |
Distribution network | 41,667 |  |  | 41,667 |  |  | — |
Customer relationships, trademarks, and tradenames | 632,572 |  |  | 242,961 |  |  | 389,611 |
Total | $ | 950,414 |  |  | $ | 468,296 |  |  | $ | 482,118 |
Business Combination, Intangible Asset, Acquired, Finite-Lived | During the nine months ended September 27, 2025, the Company recorded additions to intangible assets of $1.8 million related to the Dortmund Fab acquisition, the components of which were as follows:
(in thousands) | Weighted Average Useful Life |  | Amount
Customer relationships, trademarks, and tradenames | 5 |  | $ | 1,800 |
Total |  |  | $ | 1,800 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated annual amortization expense related to intangible assets with definite lives as of September 27, 2025 was as follows:
(in thousands) | Amount
Remainder of 2025 | $ | 14,953 |
2026 | 48,722 |
2027 | 46,551 |
2028 | 46,149 |
2029 | 45,738 |
2030 and thereafter | 256,663 |
Total | $ | 458,776 |

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