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Goodwill and Definite-lived Intangibles | 12 Months Ended
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Dec. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Definite-lived Intangibles | (6) Goodwill and Definite-lived Intangibles Goodwill In connection with the Company’s assessment of its operating segments, effective during the quarter ended June 30, 2025, the Company determined that its operating segments were also its reporting units and reallocated its PCB goodwill between A&D and Commercial based on the estimated relative fair values of the reporting units. In connection with the reallocation of goodwill, management performed a goodwill impairment assessment for each segment and concluded no impairment indicators existed as of June 30, 2025. Goodwill by reportable segment was as follows:
|  | A&D |  |  | Commercial |  |  | RF&S Components |  |  | Total |
|  | (In thousands) |
As of December 29, 2025 and December 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 256,199 |  |  | $ | 382,636 |  |  | $ | 177,200 |  |  | $ | 816,035 |
Accumulated impairment losses |  |  | — |  |  |  | — |  |  |  | (145,900 | ) |  |  | (145,900 | )
Carrying amount |  | $ | 256,199 |  |  | $ | 382,636 |  |  | $ | 31,300 |  |  | $ | 670,135 |
In the fourth quarter of 2025, the Company performed its annual goodwill impairment test qualitatively and concluded that it was more likely than not that there was no impairment to goodwill. Definite-lived Intangibles The components of definite-lived intangibles were as follows:
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted Average Amortization Period |
|  | (In thousands) |  |  | (In years) |
As of December 29, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 323,500 |  |  | $ | (189,264 | ) |  | $ | 134,236 |  |  |  | 11.8 |
Technology |  |  | 66,650 |  |  |  | (45,964 | ) |  |  | 20,686 |  |  |  | 8.2 |
Total |  | $ | 390,150 |  |  | $ | (235,228 | ) |  | $ | 154,922 |  |  |  |
As of December 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 323,500 |  |  | $ | (161,710 | ) |  | $ | 161,790 |  |  |  | 11.8 |
Technology |  |  | 66,650 |  |  |  | (36,621 | ) |  |  | 30,029 |  |  |  | 8.2 |
Total |  | $ | 390,150 |  |  | $ | (198,331 | ) |  | $ | 191,819 |  |  |  |
Amortization expense was $36,897, $44,892, and $61,576 for the years ended December 29, 2025, December 30, 2024, and January 1, 2024, respectively. For the years ended December 29, 2025, December 30, 2024, and January 1, 2024, $9,343, $9,342, and $12,901, respectively, of amortization expense was included in cost of goods sold. In connection with the finalization of acquired identifiable intangible asset valuation during the second quarter of 2023 related to the Company's acquisition in 2022 of Telephonics, the Company recorded amortization expense of $24,877 related to the acquired identifiable intangible assets during the year ended January 1, 2024. For the year ended January 1, 2024, $8,850 of amortization expense related to the acquired identifiable intangible assets was included in cost of goods sold. Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows:
|  | (In thousands) |
2026 |  | $ | 36,897 |
2027 |  |  | 34,543 |
2028 |  |  | 30,997 |
2029 |  |  | 22,355 |
2030 |  |  | 18,178 |
Thereafter |  |  | 11,952 |
Total |  | $ | 154,922 |

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- Definition The entire disclosure for goodwill and intangible assets. + 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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