Schedule of 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 |
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 |
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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 2025 | | $ | 21,679 | 2026 | | | 28,719 | 2027 | | | 28,719 | 2028 | | | 27,760 | 2029 | | | 22,391 | Thereafter | | | 159,962 | | | $ | 289,230 |
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