v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Apr. 05, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The changes in the carrying value of goodwill were as follows (in thousands):
Balance as of December 31, 2025$386,279 
Business disposal (refer to Note 13)(541)
Foreign exchange rate changes(2,920)
Balance as of April 5, 2026$382,818 
Schedule of Intangible Assets
Amortized intangible assets as of April 5, 2026 consisted of the following (in thousands):
Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Customer relationships$54,907 $(13,760)$41,147 
Completed technologies58,175 (32,320)25,855 
Trademarks799 (666)133 
Non-compete agreements60 (55)5 
Balance as of April 5, 2026$113,941 $(46,801)$67,140 
Amortized intangible assets as of December 31, 2025 consisted of the following (in thousands):
Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Customer relationships$68,241 $(14,843)$53,398 
Completed technologies58,603 (31,110)27,493 
Trademarks812 (610)202 
Non-compete agreements60 (53)7 
Balance as of December 31, 2025$127,716 $(46,616)$81,100 
Schedule of Intangible Assets, Future Amortization Expense
Future amortization expense related to intangible assets as of April 5, 2026 is as follows (in thousands):
Amount
Remainder of fiscal 2026$6,611 
20277,968 
20287,238 
20297,238 
20306,695 
20316,695 
Thereafter24,695 
$67,140 
On April 1, 2026, the Company completed the divestiture of its Japan-focused trading business, which was originally acquired as part of the acquisition of Moritex Corporation in 2023. In connection with the divestiture, the Company derecognized $541,000 of goodwill and $10,636,000 of customer relationship intangible assets, representing the net carrying amounts attributable to the disposed business.