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Goodwill and Intangible Assets, Net | 3 Months Ended
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Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | 5. GOODWILL AND INTANGIBLE ASSETS, NET Goodwill The carrying amount of goodwill as of March 29, 2025 and as of December 31, 2024 was $154.7 million and $152.6 million, respectively. The change in the carrying value during the fiscal quarter ended March 29, 2025 was primarily driven by acquisitions made in the first fiscal quarter of 2025. Intangible Assets Intangible assets, net as of March 29, 2025 consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 29, 2025
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | (471) | ​ | $ | 37,834 | ​ | $ | 109,795
Patented technology | ​ |  | 16,126 | ​ |  | (7) | ​ |  | 10,671 | ​ |  | 5,448
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 2,890 | ​ | ​ | 10,110
Pool designs | ​ |  | 13,628 | ​ |  | (233) | ​ |  | 4,143 | ​ |  | 9,252
Franchise relationships | ​ |  | 1,187 | ​ |  | — | ​ |  | 1,187 | ​ |  | —
Dealer relationships | ​ |  | 238,551 | ​ |  | (2) | ​ |  | 84,064 | ​ |  | 154,485
Order backlog | ​ | ​ | 2,020 | ​ | ​ | — | ​ | ​ | 1,880 | ​ | ​ | 140
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 2,476 | ​ |  | —
​ | ​ | $ | 435,088 | ​ | $ | (713) | ​ | $ | 145,145 | ​ | $ | 289,230
​ The Company recognized $7.2 million of amortization expense related to intangible assets during the fiscal quarter ended March 29, 2025. The Company recognized $6.4 million of amortization expense related to intangible assets during the fiscal quarter ended March 30, 2024. The change in the carrying value of dealer relationships is driven by the acquisitions made in the first fiscal quarter of 2025. ​ Intangible assets, net as of December 31, 2024 consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | (592) | ​ | $ | 36,183 | ​ | $ | 111,325
Patented technology | ​ |  | 16,126 | ​ |  | (9) | ​ |  | 10,303 | ​ |  | 5,814
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 2,673 | ​ | ​ | 10,327
Pool designs | ​ |  | 13,628 | ​ |  | (293) | ​ |  | 3,909 | ​ |  | 9,426
Franchise relationships | ​ |  | 1,187 | ​ |  | — | ​ |  | 1,187 | ​ |  | —
Dealer relationships | ​ |  | 235,176 | ​ |  | (3) | ​ |  | 79,397 | ​ |  | 155,776
Order backlog | ​ | ​ | 2,020 | ​ | ​ | — | ​ | ​ | 1,775 | ​ | ​ | 245
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 2,476 | ​ |  | —
​ | ​ | $ | 431,713 | ​ | $ | (897) | ​ | $ | 137,903 | ​ | $ | 292,913
​ 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 2025 | ​ | $ | 21,679
2026 | ​ |  | 28,719
2027 | ​ |  | 28,719
2028 | ​ |  | 27,760
2029 | ​ | ​ | 22,391
Thereafter | ​ |  | 159,962
​ | ​ | $ | 289,230
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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