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GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 27, 2025

GOODWILL AND OTHER INTANGIBLE ASSETS

D.GOODWILL AND OTHER INTANGIBLE ASSETS

As described in Note M — Segment Reporting, our segment structure is based upon the markets we serve and goodwill has been allocated to the segments using a relative fair value approach. The changes in the net carrying amount of goodwill by reporting segment for the years ended December 27, 2025 and December 28, 2024, are as follows (in thousands):


	Retail		Packaging		Construction		All Other		Corporate		Total
Balance as of December 30, 2023	$	84,204	$	141,042	$	87,805	$	23,262	$	—	$	336,313
2024 Acquisitions		—		5,705		—		—		—		5,705
Foreign Exchange, Net		(88)		—		(404)		(1,687)		—		(2,179)
Balance as of December 28, 2024	$	84,116	$	146,747	$	87,401	$	21,575	$	—	$	339,839
2025 Acquisitions		—		—		761		—		—		761
2025 Purchase Accounting Adjustments		—		1,357		—		—		—		1,357
Foreign Exchange, Net		58		—		235		1,671		—		1,964
Balance as of December 27, 2025	$	84,174	$	148,104	$	88,397	$	23,246	$	—	$	343,921

As of the date of the most recent goodwill impairment test, which utilized data and assumptions as of September 27, 2025, all reporting units had fair values that were substantially in excess of their carrying values.

Indefinite-lived intangible assets totaled $7.3 million as of December 27, 2025 and December 28, 2024 related to the commercial unit within the Construction segment, the international unit within the All Other segment, and the Deckorators unit within the Retail segment.

The following amounts were included in other amortizable intangible assets, net as of December 27, 2025 and December 28, 2024 (in thousands):


	2025							2024
			Accumulated								Accumulated
	Assets		Amortization			Net Value		Assets			Amortization		Net Value
Non-compete agreements	$	5,472	$	(4,216)		$	1,256	$	8,908		$	(6,332)	$	2,576
Customer relationships and other		165,174		(64,412)			100,762		165,633			(51,645)		113,988
Patents		1,566		(1,048)			518		1,602			(988)		614
Technology		11,200		(3,196)			8,004		12,600			(3,406)		9,194
Tradename		38,552		(18,153)			20,399		36,946			(15,085)		21,861
Software		8,687		(6,010)			2,677		8,605			(4,340)		4,265
Total	$	230,651	$	(97,035)		$	133,616	$	234,294		$	(81,796)	$	152,498

Amortization is computed principally by the straight-line method over the estimated useful lives of the intangible assets as follows:


		Weighted Average
Intangible Asset Type	Estimated Useful Life	Amortization Period
Non-compete agreements	2 to 15 years	9.4 years
Customer relationships and other	10 to 20 years	11.4 years
Patents	10 years	10 years
Technology	10 to 12 years	11.8 years
Tradename (amortizable)	5 to 25 years	10.5 years
Software	3 to 4 years	3 years

Amortization expense of intangibles totaled $22.7 million, $23.5 million and $21.3 million in 2025, 2024 and 2023, respectively, and is recorded in Selling, general, and administrative expenses. The estimated amortization expense for intangibles for each of the five succeeding fiscal years is as follows (in thousands):


2026	$	21,101
2027		19,324
2028		18,654
2029		17,532
2030		15,067
Thereafter		41,938
Total	$	133,616