Goodwill and Intangible Assets

6 Months Ended

Jun. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]


10.			Intangible Assets

The gross carrying amount and accumulated amortization of intangible assets were comprised of the following:


	June 27, 2025						December 27, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value

Completed technology	$	495.2	$	(102.1)	$	393.1	$	495.2	$	(75.8)	$	419.4

Intangible asset amortization expense was as follows:


	Three Months Ended				Six Months Ended
	June 27, 2025		June 28, 2024		June 27, 2025		June 28, 2024
Amortization expense	$	12.9	$	23.3	$	26.3	$	48.1

The Company divested $108.7 million of an intangible asset, which was comprised of $129.4 million gross carrying amount and $20.7 million of accumulated amortization, related to Therakos during the fiscal year ended December 27, 2024. Refer to Note 3 for additional information on the Therakos Divestiture.

As of June 27, 2025, the estimated aggregate amortization expense is expected to be as follows:


Remainder of Fiscal 2025	$	25.5
Fiscal 2026	48.4
Fiscal 2027	45.1
Fiscal 2028	41.8
Fiscal 2029	35.5
Fiscal 2030	23.5