v3.25.2
Intangible Assets, Net
6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
The cost and accumulated amortization values of our intangible assets were as follows:
June 28, 2025
(amounts in thousands)CostAccumulated
Amortization
Net
Book Value
Customer relationships and agreements$127,271 $(101,579)$25,692 
Software82,796 (34,977)47,819 
Trademarks and trade names32,780 (13,639)19,141 
Patents, licenses and rights13,945 (6,118)7,827 
Total amortizable intangibles$256,792 $(156,313)$100,479 
December 31, 2024
(amounts in thousands)CostAccumulated
Amortization
Net
Book Value
Customer relationships and agreements$119,674 $(90,073)$29,601 
Software76,048 (30,021)46,027 
Trademarks and trade names31,384 (12,113)19,271 
Patents, licenses and rights12,627 (5,539)7,088 
Total amortizable intangibles$239,733 $(137,746)$101,987 
We recorded accelerated amortization of $14.1 million during the six months ended June 29, 2024, for an ERP that we are no longer utilizing after we completed our related obligations under the JW Australia Transition Services Agreement during the first quarter of 2024. The expense was recorded within SG&A in the accompanying consolidated statements of operations.
The effect on our carrying value of intangible assets due to currency translations for foreign intangible assets was an increase of $1.9 million as of June 28, 2025, compared to December 31, 2024.
Amortization expense was recorded as follows:
Three Months EndedSix Months Ended
(amounts in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Amortization expense$5,584 $4,907 $11,077 $23,823