v3.25.1
Definite-lived Intangibles
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Definite-lived Intangibles

(7) Definite-lived Intangibles

The components of definite-lived intangibles were as follows:

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted
Average
Amortization
Period

 

 

 

(In thousands)

 

 

(In years)

 

As of March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

323,500

 

 

$

(168,599

)

 

$

154,901

 

 

 

11.8

 

Technology

 

 

66,650

 

 

 

(38,956

)

 

 

27,694

 

 

 

8.2

 

Total

 

$

390,150

 

 

$

(207,555

)

 

$

182,595

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

323,500

 

 

$

(161,710

)

 

$

161,790

 

 

 

11.8

 

Technology

 

 

66,650

 

 

 

(36,621

)

 

 

30,029

 

 

 

8.2

 

Total

 

$

390,150

 

 

$

(198,331

)

 

$

191,819

 

 

 

 

Definite-lived intangibles are amortized using the straight-line method of amortization over the useful life. Amortization expense was $9,224 and $13,765 for the quarters ended March 31, 2025 and April 1, 2024, respectively. For the quarters ended March 31, 2025 and April 1, 2024, $2,335 and $2,336 of amortization expense was included in cost of goods sold, respectively.

Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows:

 

 

 

(In thousands)

 

Remaining 2025

 

$

27,673

 

2026

 

 

36,897

 

2027

 

 

34,543

 

2028

 

 

30,997

 

2029

 

 

22,355

 

Thereafter

 

 

30,130

 

Total

 

$

182,595