v3.25.1
Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
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

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