XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Sep. 28, 2025
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 September 28, 2025 by segment are as follows:
($ in thousands) |  | Manufacturing |  | Distribution |  | Total
Balance at December 31, 2024 |  | $ | 680,246 |  |  | $ | 116,990 |  |  | $ | 797,236 |
Acquisitions |  | 16,696 |  |  | — |  |  | 16,696 |
Adjustments to preliminary purchase price allocations |  | 109 |  |  | 1,080 |  |  | 1,189 |
Balance at September 28, 2025 |  | $ | 697,051 |  |  | $ | 118,070 |  |  | $ | 815,121 |
Intangible assets, net consisted of the following as of September 28, 2025 and December 31, 2024:
($ in thousands) |  | September 28, 2025 |  | December 31, 2024
Customer relationships |  | $ | 940,905 |  |  | $ | 924,720 |
Non-compete agreements |  | 26,876 |  |  | 25,776 |
Patents |  | 94,040 |  |  | 89,641 |
Trademarks |  | 227,777 |  |  | 225,527 |
Intangible assets, gross |  | 1,289,598 |  |  | 1,265,664 |
Less: accumulated amortization |  |  |  |
Customer relationships |  | (485,239) |  |  | (419,358) |
Non-compete agreements |  | (21,668) |  |  | (20,065) |
Patents |  | (29,207) |  |  | (23,352) |
Intangible assets, net |  | $ | 753,484 |  |  | $ | 802,889 |
Changes in the carrying value of intangible assets for the nine months ended September 28, 2025 by segment are as follows:
($ in thousands) |  | Manufacturing |  | Distribution |  | Total
Balance at December 31, 2024 |  | $ | 671,131 |  |  | $ | 131,758 |  |  | $ | 802,889 |
Additions |  | 22,338 |  |  | — |  |  | 22,338 |
Amortization |  | (61,972) |  |  | (11,366) |  |  | (73,338) |
Adjustments to preliminary purchase price allocations |  | 357 |  |  | 1,238 |  |  | 1,595 |
Balance at September 28, 2025 |  | $ | 631,854 |  |  | $ | 121,630 |  |  | $ | 753,484 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration