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GOODWILL AND INTANGIBLE ASSETS, NET | 9 Months Ended
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Oct. 01, 2022
GOODWILL AND INTANGIBLE ASSETS, NET |
GOODWILL AND INTANGIBLE ASSETS, NET | 5. GOODWILL AND INTANGIBLE ASSETS, NET Goodwill The carrying amount of goodwill as of October 1, 2022 and as of December 31, 2021 was $128.1 million and $128.9 million, respectively. The change in the carrying value during the three fiscal quarters ended October 1, 2022 was due to an increase of $0.4 million as a result of a measurement period adjustment (see Note 3) and fluctuations in foreign currency exchange rates. ​ Intangible Assets Intangible assets, net as of October 1, 2022 consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 1, 2022
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | (578) | ​ | $ | 21,333 | ​ | $ | 126,189
Patented technology | ​ |  | 16,126 | ​ |  | 2 | ​ |  | 6,520 | ​ |  | 9,608
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 722 | ​ | ​ | 12,278
Pool designs | ​ |  | 13,628 | ​ |  | (276) | ​ |  | 1,803 | ​ |  | 11,549
Franchise relationships | ​ |  | 1,187 | ​ |  | 25 | ​ |  | 990 | ​ |  | 222
Dealer relationships | ​ |  | 197,376 | ​ |  | 1 | ​ |  | 42,760 | ​ |  | 154,617
Backlog | ​ | ​ | 1,600 | ​ | ​ | ​ | ​ | ​ | 1,600 | ​ | ​ | —
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 1,875 | ​ |  | 601
​ | ​ | $ | 393,493 | ​ | $ | (826) | ​ | $ | 77,603 | ​ | $ | 315,064
​ The Company recognized $7.2 million and $21.5 million of amortization expense related to intangible assets during the fiscal quarter and three fiscal quarters ended October 1, 2022, respectively. The Company recognized $5.5 million and $16.6 million of amortization expense related to intangible assets during the fiscal quarter and three fiscal quarters ended October 2, 2021, respectively. Intangible assets, net as of December 31, 2021 consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | 439 | ​ | $ | 16,382 | ​ | $ | 132,157
Patented technology | ​ |  | 16,126 | ​ |  | 65 | ​ |  | 5,205 | ​ |  | 10,986
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 72 | ​ | ​ | 12,928
Pool designs | ​ |  | 13,628 | ​ |  | 265 | ​ |  | 1,101 | ​ |  | 12,792
Franchise relationships | ​ |  | 1,187 | ​ |  | 54 | ​ |  | 767 | ​ |  | 474
Dealer relationships | ​ |  | 197,376 | ​ |  | 22 | ​ |  | 30,838 | ​ |  | 166,560
Backlog | ​ | ​ | 1,600 | ​ | ​ | — | ​ | ​ | 160 | ​ | ​ | 1,440
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 1,503 | ​ |  | 973
​ | ​ | $ | 393,493 | ​ | $ | 845 | ​ | $ | 56,028 | ​ | $ | 338,310
​ The Company estimates that amortization expense related to definite-lived intangible assets will be as follows in each of the next five years and thereafter (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Estimated Future
Year Ended |  | Amortization Expense
Remainder of fiscal 2022 | ​ | $ | 6,680
2023 | ​ |  | 26,528
2024 | ​ |  | 25,708
2025 | ​ |  | 25,550
2026 | ​ |  | 25,550
Thereafter | ​ |  | 205,048
​ | ​ | $ | 315,064
​

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- 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
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