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Intangible Assets (Tables) | 9 Months Ended
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Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Acquired Intangible Assets | The following table summarizes acquired intangible assets as follows:
|  | September 28, 2024 |  | December 31, 2023
(In thousands) | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Patents | 11 years |  | $ | 2,146 |  |  | $ | 2,146 |  |  | $ | 2,146 |  |  | $ | 2,146 |
Non-compete Agreement | 4 years |  | 11,082 |  |  | 11,082 |  |  | 11,082 |  |  | 11,072 |
Trade Names | 10 years |  | 11,435 |  |  | 10,257 |  |  | 11,426 |  |  | 9,973 |
Completed and Unpatented Technology | 9 years |  | 47,911 |  |  | 41,710 |  |  | 47,896 |  |  | 38,961 |
Customer Relationships | 15 years |  | 142,236 |  |  | 93,913 |  |  | 142,208 |  |  | 87,186 |
Total Intangible Assets | 13 years |  | $ | 214,810 |  |  | $ | 159,108 |  |  | $ | 214,758 |  |  | $ | 149,338 |
Schedule of Amortization Expense for Acquired Intangibles | All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:
|  | Nine Months Ended |  | Three Months Ended
(In thousands) |  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Amortization Expense |  | $ | 9,728 |  |  | $ | 10,577 |  |  | $ | 3,189 |  |  | $ | 3,381 |
Schedule of Amortization Expense for Intangible Assets for Each of Next Five Years | Amortization expense for acquired intangible assets expected for 2024 and for each of the next five years is summarized as follows:
(In thousands) |
2024 | $ | 12,868 |
2025 | $ | 10,935 |
2026 | $ | 9,533 |
2027 | $ | 7,825 |
2028 | $ | 7,037 |
2029 | $ | 5,664 |

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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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