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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Oct. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the nine months ended October 1, 2023 by segment are as follows:
($ in thousands)ManufacturingDistributionTotal
Balance - December 31, 2022$558,362 $70,901 $629,263 
Acquisitions— 5,905 5,905 
Adjustments to preliminary purchase price allocations2,008 217 2,225 
Balance - October 1, 2023
$560,370 $77,023 $637,393 
Intangible assets, net consist of the following as of October 1, 2023 and December 31, 2022:
($ in thousands)October 1, 2023December 31, 2022
Customer relationships$729,764 $722,503 
Non-compete agreements21,561 20,412 
Patents69,310 69,164 
Trademarks197,027 195,957 
Intangible assets, gross1,017,662 1,008,036 
Less: accumulated amortization(346,899)(287,806)
Intangible assets, net$670,763 $720,230 

Changes in the carrying value of intangible assets for the nine months ended October 1, 2023 by segment are as follows:
($ in thousands)ManufacturingDistributionTotal
Balance - December 31, 2022$622,647 $97,583 $720,230 
Additions2,970 11,100 14,070 
Amortization(50,905)(8,188)(59,093)
Adjustments to preliminary purchase price allocations(4,359)(85)(4,444)
Balance - October 1, 2023
$570,353 $100,410 $670,763