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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

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- References

No definition available.

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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

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