XML 35 R14.htm IDEA: XBRL DOCUMENT

Note 2 - Goodwill and Purchased Intangible Assets

12 Months Ended

Dec. 27, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

2.	Goodwill and Purchased Intangible Assets

Changes in the carrying value of our goodwill during the years ended December 27, 2025, and December 28, 2024, were as follows (in thousands):

	Total Goodwill
Balance December 30, 2023	$	241,658
Impact of currency exchange		(7,019	)
Balance December 28, 2024		234,639
Additions		33,688
Impact of currency exchange		14,700
Balance December 27, 2025	$	283,027

Purchased intangible assets, subject to amortization, are as follows (in thousands):

	December 27, 2025					December 28, 2024
					Remaining
	Gross Carrying		Accumulated		Useful Life	Gross Carrying		Accumulated
	Amount		Amortization		(years)	Amount		Amortization
Developed technology	$	241,038	$	199,776	3.5	$	228,789	$	163,453
Customer relationships		75,677		44,210	5.3		72,570		35,229
Trade names		22,366		15,845	4.6		20,926		12,930
Backlog		-		-	-		100		100
Covenant not-to-compete		225		203	1.0		223		179
	$	339,306	$	260,034		$	322,608	$	211,891

Changes in the carrying values of purchased intangible assets presented above are a result of the impact of fluctuations in currency exchange rates.

We evaluate goodwill for impairment annually and when an event occurs or circumstances change that indicate that the carrying value may not be recoverable. We completed our required annual goodwill impairment testing as of October 1, 2025 and concluded there were no impairments of goodwill within our reporting units at that time. Other events and changes in circumstances may also require goodwill to be tested for impairment between annual measurement dates.

Amortization expense related to purchased intangible assets was approximately $37.5 million in fiscal 2025, $39.1 million in fiscal 2024 and $36.4 million in fiscal 2023. As of December 27, 2025, we expect amortization expense in future periods to be as follows: fiscal 2026 - $26.9 million; fiscal 2027 - $18.7 million; fiscal 2028 - $12.3 million; fiscal 2029 - $8.2 million fiscal 2030 - $6.2 million; and thereafter $7.0 million.