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Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill The changes in the carrying amount of goodwill were as follows (in millions):
|  | December 29, 2025 |  | December 30, 2024
|  | to June 28, 2026 |  | to December 28, 2025
Beginning balance |  | $ | 530.4 |  |  | $ | 518.1 |
Goodwill acquired during the period(a) |  | 28.8 |  |  | 11.1 |
Goodwill adjusted during the period |  | (0.4) |  |  | 1.2 |
Ending balance |  | $ | 558.8 |  |  | $ | 530.4 |
______________ (a) Additions to goodwill during the periods presented reflect the acquisitions described in Note 3. Intangible Assets Intangible assets include customer relationships as well as trademarks and other intangibles acquired through acquisitions. Intangible assets with finite useful lives are amortized on an accelerated method or a straight-line method of amortization over their estimated useful lives. An accelerated amortization method reflecting the pattern in which the asset will be consumed is utilized if that pattern can be reliably determined. If that pattern cannot be reliably determined, a straight-line amortization method is used. The Company considers the period of expected cash flows and the underlying data used to measure the fair value of the intangible assets when selecting a useful life. The Company’s customer relationships are amortized on an accelerated method. The following table summarizes the components of intangible assets (in millions, except weighted average remaining useful life):
|  |  |  | June 28, 2026 |  | December 28, 2025
|  | Weighted Average Remaining Useful Life |  | Amount |  | Accumulated Amortization |  | Net |  | Amount |  | Accumulated Amortization |  | Net
Customer relationships |  | 15.5 years |  | $ | 614.8 |  |  | $ | 416.0 |  |  | $ | 198.8 |  |  | $ | 599.6 |  |  | $ | 394.4 |  |  | $ | 205.2 |
Trademarks and other |  | 4.5 years |  | 58.3 |  |  | 34.7 |  |  | 23.6 |  |  | 48.0 |  |  | 33.2 |  |  | 14.8 |
Total intangibles |  |  |  | $ | 673.1 |  |  | $ | 450.7 |  |  | $ | 222.4 |  |  | $ | 647.6 |  |  | $ | 427.6 |  |  | $ | 220.0 |
During the six months ended June 28, 2026, the Company recorded $28.2 million of intangible assets, including $15.2 million in Customer relationship intangibles and $13.0 million in Trademarks and other intangibles. The change in Customer relationship intangibles and Trademarks and other intangibles included additions of $16.0 million and $13.0 million, respectively, as a result of the acquisitions completed in 2026 as described in “Note 3. Acquisitions.” Updates of purchase price allocations related to prior year acquisitions during the allowable measurement period and currency translation adjustments of Customer relationship intangibles were $(0.8) million. During the six months ended June 29, 2025, the Company recorded $6.3 million of intangible assets, including $5.8 million in Customer relationship intangibles and $0.5 million in Trademarks and other intangibles. The change in Customer relationship intangibles included additions of $4.8 million and $0.3 million, respectively, as a result of the acquisitions completed in 2025 as described in “Note 3. Acquisitions.” Updates of purchase price allocations related to prior year acquisitions during the allowable measurement period and currency translation adjustments of Customer relationship intangibles and Trademarks and other intangibles, net were $1.0 million and $0.2 million, respectively. Customer relationship intangible assets are amortized over a weighted-average period of approximately 20 years. Trademarks and other intangible assets are amortized over a weighted-average period of approximately five years. Amortization expense for intangible assets was $13.3 million and $26.3 million for the three and six months ended June 28, 2026 and $14.2 million and $28.8 million for the three and six months ended June 29, 2025, respectively. Total future amortization estimated as of June 28, 2026 is as follows (in millions):
Fiscal year ending: |
2026 (remainder) | $ | 25.1 |
2027 | 42.2 |
2028 | 33.1 |
2029 | 26.0 |
2030 | 21.1 |
2031 | 16.4 |
Thereafter | 58.5 |
Total future amortization | $ | 222.4 |

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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