
	December 30, 2024		January 1, 2024
	to June 29, 2025		to December 29, 2024
Beginning balance	$	518.1	$	485.5
Goodwill acquired during the period(a)	3.1		32.9
Goodwill adjusted during the period	1.4		(0.3)
Ending balance	$	522.6	$	518.1

Intangible assets include customer relationships as well as trademarks and other intangibles acquired through acquisitions. Intangible assets with finite useful lives are amortized on an accelerated method or a straight-line method of amortization over their estimated useful lives. An accelerated amortization method reflecting the pattern in which the asset will be consumed is utilized if that pattern can be reliably determined. If that pattern cannot be reliably determined, a straight-line amortization method is used. The Company considers the period of expected cash flows and the underlying data used to measure the fair value of the intangible assets when selecting a useful life. The Company’s customer relationships are amortized on an accelerated method.


		June 29, 2025						December 29, 2024
	Weighted Average Remaining Useful Life	Amount		Accumulated Amortization		Net		Amount		Accumulated Amortization		Net
Customer relationships	16.0 years	$	591.7	$	372.0	$	219.7	$	585.9	$	347.0	$	238.9
Trademarks and other	2.7 years	52.8		34.7		18.1		52.9		30.8		22.1
Total intangibles		$	644.5	$	406.7	$	237.8	$	638.8	$	377.8	$	261.0

During the six months ended June 29, 2025, the Company recorded $6.3 million of intangible assets, including $5.8 million in Customer relationship intangibles and $0.5 million in Trademarks and other intangibles. The change in Customer relationship intangibles and Trademarks and other intangibles included additions of $4.8 million and $0.3 million, respectively, as a result of the acquisitions completed in 2025 as described in “Note 3. Acquisitions.” Updates of purchase price allocations related to prior year acquisitions during the allowable measurement period and currency translation adjustments of Customer relationship intangibles and Trademarks and other intangibles, net were $1.0 million and $0.2 million, respectively.

During the six months ended June 30, 2024, the Company recorded $27.8 million of intangible assets, including $22.8 million in Customer relationship intangibles and $5.0 million in Trademarks and other intangibles. The change in Customer relationship intangibles and Trademarks and other intangibles included additions of $21.7 million and $5.1 million, respectively, as a result of the acquisitions completed in 2024 as described in “Note 3. Acquisitions.” Updates of purchase price allocations related to prior year acquisitions during the allowable measurement period and currency translation adjustments of Customer relationship intangibles and Trademarks and other intangibles, net were $1.1 million and $(0.1) million, respectively.

Customer relationship intangible assets are amortized over a weighted-average period of approximately 20 years. Trademarks and other intangible assets are amortized over a weighted-average period of approximately five years.

Amortization expense for intangible assets was $14.2 million and $28.8 million for the three and six months ended June 29, 2025, and $15.1 million and $30.5 million for the three and six months ended June 30, 2024, respectively.