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Goodwill and Identifiable Intangible Assets
 9 Months Ended
Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets Goodwill and Identifiable Intangible Assets
We had goodwill of $1,129.4 million and $925.1 million as of September 29, 2024 and December 31, 2023, respectively. The change in the net carrying amount of goodwill was as follows:
(U.S. Dollars presented in millions)
Total
Goodwill
Balance at December 31, 2023
$925.1 
Supreme acquisition 204.9 
2024 translation adjustments(0.6)
Balance at September 29, 2024
$1,129.4 
The gross carrying value and accumulated amortization by class of intangible assets as of September 29, 2024 and December 31, 2023 were as follows:
September 29, 2024December 31, 2023
(U.S. Dollars presented in millions)Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value		Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value
Indefinite-lived tradenames (a)
$268.5 $— $268.5 $184.2 $— $184.2 
Amortizable intangible assets
Tradenames 10.3 (10.3)— 10.4 (10.4)— 
Customer and contractual relationships (a)
534.9 (225.5)309.4 363.6 (212.3)151.3 
Patents/proprietary technology11.0 (11.0)— 11.0 (11.0)— 
Total556.2 (246.8)309.4 385.0 (233.7)151.3 
Total identifiable intangibles$824.7 $(246.8)$577.9 $569.2 $(233.7)$335.5 
(a)     During the third quarter of 2024, we completed our acquisition of Supreme, acquiring Indefinite-lived tradenames of $85.1 million and customer relationships of $171.8 million.


There were no impairments of goodwill or indefinite-lived assets for the thirteen and thirty-nine weeks ended September 29, 2024. The Company tests goodwill and indefinite-lived intangibles for impairment annually in the fourth quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. There were no triggering events requiring an impairment assessment be conducted in the thirteen and thirty-nine weeks ended September 29, 2024. However, it is possible that future changes in circumstances would require the Company to record additional non-cash impairment charges.