XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are presented as follows:
Carrying amount as of December 30, 2022 | $ | 287,120 |
Goodwill adjustments (1) | 1,342 |
Acquisitions | 19,316 |
Foreign currency translation | (5) |
Carrying amount as of March 31, 2023 | $ | 307,773 |
(1) Reflect measurement period adjustments primarily related to net working capital true-ups of prior year acquisitions. Other intangible assets as of March 31, 2023 and December 30, 2022 consisted of the following:
March 31, 2023 |  | Weighted-Average Remaining Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Customer relationships |  | 113 months |  | $ | 220,531 |  |  | $ | (89,038) |  |  | $ | 131,493 |
Trademarks |  | 159 months |  | 53,031 |  |  | (17,213) |  |  | 35,818 |
Non-compete agreements |  | 23 months |  | 8,899 |  |  | (8,387) |  |  | 512 |
Total |  |  |  | $ | 282,461 |  |  | $ | (114,638) |  |  | $ | 167,823 |
December 30, 2022 |  | Weighted-Average Remaining Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Customer relationships |  | 117 months |  | $ | 205,608 |  |  | $ | (85,447) |  |  | $ | 120,161 |
Trademarks |  | 165 months |  | 51,137 |  |  | (16,201) |  |  | 34,936 |
Non-compete agreements |  | 25 months |  | 8,899 |  |  | (8,293) |  |  | 606 |
Total |  |  |  | $ | 265,644 |  |  | $ | (109,941) |  |  | $ | 155,703 |
Amortization expense for other intangibles was $4,697 and $3,356 for the thirteen weeks ended March 31, 2023 and March 25, 2022, respectively. Estimated amortization expense for other intangible assets for the remainder of the fiscal year ending December 29, 2023 and each of the next four fiscal years and thereafter is as follows:
2023 | $ | 18,713 |
2024 | 18,045 |
2025 | 17,901 |
2026 | 17,701 |
2027 | 17,196 |
Thereafter | 78,267 |
Total | $ | 167,823 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration