v3.25.2
Definite-lived Intangibles
6 Months Ended
Jun. 30, 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 June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

323,500

 

 

$

(175,487

)

 

$

148,013

 

 

 

11.8

 

Technology

 

 

66,650

 

 

 

(41,292

)

 

 

25,358

 

 

 

8.2

 

Total

 

$

390,150

 

 

$

(216,779

)

 

$

173,371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 $18,448 for the quarter and two quarters ended June 30, 2025, respectively, and $12,591 and $26,356 for the quarter and two quarters ended July 1, 2024, respectively. For the quarters ended June 30, 2025 and July 1, 2024, $2,336 and $2,335, respectively, of amortization expense was included in cost of goods sold. For both the two quarters ended June 30, 2025 and July 1, 2024, $4,671 of amortization expense was included in cost of goods sold.

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

 

 

 

(In thousands)

 

Remaining 2025

 

$

18,449

 

2026

 

 

36,897

 

2027

 

 

34,543

 

2028

 

 

30,997

 

2029

 

 

22,355

 

Thereafter

 

 

30,130

 

Total

 

$

173,371