v3.25.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the six months ended June 29, 2025 by segment are as follows:
($ in thousands)ManufacturingDistributionTotal
Balance at December 31, 2024$680,246 $116,990 $797,236 
Acquisitions4,027 — 4,027 
Adjustments to preliminary purchase price allocations110 412 522 
Balance at June 29, 2025
$684,383 $117,402 $801,785 
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following as of June 29, 2025 and December 31, 2024:
($ in thousands)June 29, 2025December 31, 2024
Customer relationships$934,715 $924,720 
Non-compete agreements26,176 25,776 
Patents90,904 89,641 
Trademarks226,427 225,527 
Intangible assets, gross1,278,222 1,265,664 
Less: accumulated amortization
Customer relationships(463,526)(419,358)
Non-compete agreements(21,184)(20,065)
Patents(27,203)(23,352)
Intangible assets, net$766,309 $802,889 
Schedule of Changes in Intangible Assets
Changes in the carrying value of intangible assets for the six months ended June 29, 2025 by segment are as follows:
($ in thousands)ManufacturingDistributionTotal
Balance at December 31, 2024$671,131 $131,758 $802,889 
Additions10,963 — 10,963 
Amortization(41,552)(7,586)(49,138)
Adjustments to preliminary purchase price allocations357 1,238 1,595 
Balance at June 29, 2025
$640,899 $125,410 $766,309