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Goodwill and Intangible Assets, Net (Tables)

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible assets

Intangible assets, net as of June 29, 2024 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 29, 2024

​

​

Gross

​

Foreign

​

​

​

​

​

​

​

​

Carrying

​

Currency

​

Accumulated

​

Net

​

Amount

Translation

Amortization

Amount

Trade names and trademarks

​

$

148,100

​

$

(88)

​

$

32,884

​

$

115,128

Patented technology

​

16,126

​

(1)

​

9,508

​

6,617

Technology

​

​

13,000

​

​

—

​

​

2,240

​

​

10,760

Pool designs

​

13,628

​

(44)

​

3,441

​

10,143

Franchise relationships

​

1,187

​

—

​

1,187

​

—

Dealer relationships

​

197,376

​

—

​

70,328

​

127,048

Order backlog

​

​

1,600

​

​

—

​

​

1,600

​

​

—

Non-competition agreements

​

2,476

​

—

​

2,476

​

—

​

​

$

393,493

​

$

(133)

​

$

123,664

​

$

269,696

​

Intangible assets, net as of December 31, 2023 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

Gross

​

Foreign

​

​

​

​

​

​

​

​

Carrying

​

Currency

​

Accumulated

​

Net

​

Amount

Translation

Amortization

Amount

Trade names and trademarks

​

$

148,100

​

$

72

​

$

29,583

​

$

118,589

Patented technology

​

16,126

​

1

​

8,713

​

7,414

Technology

​

​

13,000

​

​

—

​

​

1,806

​

​

11,194

Pool designs

​

13,628

​

35

​

2,973

​

10,690

Franchise relationships

​

1,187

​

—

​

1,187

​

—

Dealer relationships

​

197,376

​

—

​

62,470

​

134,906

Order backlog

​

​

1,600

​

​

—

​

​

1,600

​

​

—

Non-competition agreements

​

2,476

​

—

​

2,476

​

—

​

​

$

393,493

​

$

108

​

$

110,808

​

$

282,793

Schedule of estimated amortization expense related to definite-lived intangible assets

The Company estimates that amortization expense related to definite-lived intangible assets will be as follows in each of the next five fiscal years and thereafter (in thousands):

​

​	​	​	​
​	​	Estimated Future
​	​	Amortization
Fiscal Year Ending		Expense
Remainder of fiscal year 2024	​	$	12,854
2025	​		25,551
2026	​		25,551
2027	​		25,551
2028	​		24,592
Thereafter	​		155,597
​	​	$	269,696

X

- References

No definition available.

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X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ 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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

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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

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