v3.25.2
Acquisitions, Goodwill and Intangible Assets
6 Months Ended
Jun. 28, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions, Goodwill and Intangible Assets Acquisitions, Goodwill and Intangible Assets
Earn-out and Holdback Liabilities
Earn-out liabilities for the Twenty-Six Weeks Ended June 28, 2025 decreased by $970 to $1,918. Holdback liabilities were immaterial for the periods presented.
Finite-lived Identifiable Intangible Assets
Finite-lived identifiable intangible assets are amortized over their remaining estimated useful lives ranging up to 12 years with the predominant amounts having lives of 9 to 12 years.
Intangible assets consist of the following:
June 28, 2025December 28, 2024
Gross
Amounts
Accumulated AmortizationNet
Amounts
Gross
Amounts
Accumulated AmortizationNet
Amounts
Customer and vendor relationships$604,243 $(202,073)$402,170 $583,980 $(170,831)$413,149 
Tradename and trademarks428,834 (114,439)314,395 417,532 (97,485)320,047 
Software and developed technology4,118 (2,059)2,059 70,000 (30,625)39,375 
Others7,661 (7,661)— 7,330 (7,330)— 
 Total Intangible assets, net$1,044,856 $(326,232)$718,624 $1,078,842 $(306,271)$772,571 
Amortization expense was $21,867 and $21,704 for the Thirteen Weeks Ended June 28, 2025 and Thirteen Weeks Ended June 29, 2024, respectively, and $43,297 and $43,494 for the Twenty-Six Weeks Ended June 28, 2025 and Twenty-Six Weeks Ended June 29, 2024, respectively.