v3.25.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 28, 2025
Goodwill and Other Intangible Assets  
Schedule of goodwill and other intangible assets

The carrying amounts of goodwill and other intangible assets, as of the dates indicated, consist of the following (in thousands):

June 28, 2025

December 28, 2024

Gross Carrying

  

Accumulated

  

Net Carrying

  

Gross Carrying

  

Accumulated

  

Net Carrying

Amount

Amortization

Amount

Amount

Amortization

Amount

Finite-Lived Intangible Assets

Trademarks

$

6,800

$

5,516

$

1,284

$

6,800

$

5,289

$

1,511

Customer relationships

 

385,713

 

228,622

 

157,091

 

386,026

 

218,958

 

167,068

Total finite-lived intangible assets

$

392,513

$

234,138

$

158,375

$

392,826

$

224,247

$

168,579

Indefinite-Lived Intangible Assets

Goodwill

$

543,838

$

548,231

Trademarks

1,117,364

1,117,367

Total indefinite-lived intangible assets

$

1,661,202

$

1,665,598

Total goodwill and other intangible assets

$

1,819,577

$

1,834,177

Carrying amount of goodwill by operating segment

The changes in the carrying amount of goodwill by operating segment for the first two quarters of 2025 were as follows (in thousands):

Specialty

Meals

Frozen & Vegetables

Spices & Flavor Solutions

Total

Balance as of December 31, 2024

$

223,778

$

143,020

$

$

181,433

$

548,231

Currency translation

358

358

Don Pepino divestiture

(4,751)

(4,751)

Balance as of June 28, 2025

$

219,385

$

143,020

$

$

181,433

$

543,838

Summary of carrying amount of indefinite-lived trademark intangible assets by reporting unit

The changes in the carrying amount of indefinite-lived trademark intangible assets by reporting unit for the first two quarters of 2025 were as follows (in thousands):

Specialty

Meals

Frozen & Vegetables

Spices & Flavor Solutions

Total

Balance as of December 31, 2024

$

593,134

$

219,764

$

31,660

$

272,809

$

1,117,367

Currency translation

777

777

Don Pepino divestiture

(780)

(780)

Balance as of June 28, 2025

$

593,131

$

219,764

$

31,660

$

272,809

$

1,117,364