XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill amounts by reportable segment are summarized as follows:
| Goodwill at |  | Acquisitions (1) |  | Dispositions |  |  |  | Other (2) |  | Goodwill at
| December 26, 2020 |  |  |  | September 25, 2021
Hardware and Protective Solutions | $ | 565,578 |  |  | $ | 9,450 |  |  | $ | — |  |  |  |  | $ | (32) |  |  | $ | 574,996 |
Robotics and Digital Solutions | 220,936 |  |  | — |  |  | — |  |  |  |  | — |  |  | 220,936 |
Canada | 29,686 |  |  | — |  |  | — |  |  |  |  | 363 |  |  | 30,049 |
Total | $ | 816,200 |  |  | $ | 9,450 |  |  | $ | — |  |  |  |  | $ | 331 |  |  | $ | 825,981 |
(1)See Note 5 - Acquisitions for additional information regarding the OZCO acquisition. (2)The "Other" change to goodwill relates to adjustments resulting from fluctuations in foreign currency exchange rates for the Canada and Mexico reporting units. Other intangibles, net, as of September 25, 2021 and December 26, 2020 consist of the following:
| Estimated Useful Life (Years) |  | September 25, 2021 |  | December 26, 2020
Customer relationships | 13 | - | 20 |  | $ | 965,488 |  |  | $ | 941,648 |
Trademarks - Indefinite | Indefinite |  | 85,676 |  |  | 85,603 |
Trademarks - Other | 7 | - | 15 |  | 29,000 |  |  | 26,400 |
Technology and patents | 8 | - | 12 |  | 67,756 |  |  | 63,749 |
Intangible assets, gross |  |  | 1,147,920 |  |  | 1,117,400 |
Less: Accumulated amortization |  |  |  |  | 337,361 |  |  | 291,434 |
Other intangibles, net |  |  |  |  | $ | 810,559 |  |  | $ | 825,966 |
The amortization expense for amortizable assets, including the adjustments resulting from fluctuations in foreign currency exchange rates for the thirteen and thirty-nine weeks ended September 25, 2021 was $15,504 and $45,827, respectively. Amortization expense for the thirteen and thirty-nine weeks ended September 26, 2020 was $14,883 and $44,596, respectively.The Company tests goodwill and indefinite-lived intangible assets for impairment annually in the fourth quarter. Impairment is also tested when events or changes in circumstances indicate that the carrying values of the assets may be greater than their fair values. During the thirteen and thirty-nine weeks ended September 25, 2021 and the thirteen and thirty-nine weeks ended September 26, 2020, the Company did not identify any triggering events that would result in an impairment analysis outside of the annual assessment.

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 http://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