Goodwill and Other Intangible Assets (Tables)
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6 Months Ended |
Jun. 27, 2026 |
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| Intangible Asset, Goodwill and Other [Abstract] |
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| Goodwill |
The amounts for goodwill and changes in the carrying value by segment for the six months ended June 27, 2026 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Electronics | | Transportation | | Industrial | | Total | Net goodwill as of December 27, 2025 | | | | | | | | | Gross goodwill as of December 27, 2025 | | $ | 1,027,462 | | | $ | 242,192 | | | $ | 338,739 | | | $ | 1,608,393 | | Accumulated impairment losses as of December 27, 2025 | | (303,133) | | | (44,793) | | | (49,056) | | | (396,982) | | | Total | | 724,329 | | | 197,399 | | | 289,683 | | | 1,211,411 | | Changes during 2026: | | | | | | | | | | Adjustments (a) | | — | | | — | | | 8,634 | | | 8,634 | | | | | | | | | | | | Foreign currency translation adjustments | | (12,651) | | | (1,275) | | | (2,258) | | | (16,184) | | Net goodwill as of June 27, 2026 | | | | | | | | | Gross goodwill as of June 27, 2026 | | 1,008,254 | | | 240,467 | | | 343,356 | | | 1,592,077 | | Accumulated impairment losses as of June 27, 2026 | | (296,576) | | | (44,343) | | | (47,297) | | | (388,216) | | | Total | | $ | 711,678 | | | $ | 196,124 | | | $ | 296,059 | | | $ | 1,203,861 | |
(a) The adjustments were related to the acquisition of Basler.
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| Intangible Asset, Finite-Lived |
The components of intangible assets as of June 27, 2026 and December 27, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | As of June 27, 2026 | | (in thousands) | | | Gross
Carrying
Value | | Accumulated Amortization | | Net Book Value | | Land use rights | | | $ | 17,078 | | | $ | 3,969 | | | $ | 13,109 | | | Patents, licenses, and software | | | 286,518 | | | 216,236 | | | 70,282 | | | Distribution network | | | 42,139 | | | 42,139 | | | — | | | Customer relationships, trademarks, and tradenames | | | 780,730 | | | 310,610 | | | 470,120 | | | | | | | | | | | Total | | | $ | 1,126,465 | | | $ | 572,954 | | | $ | 553,511 | |
| | | | | | | | | | | | | | | | | | | | As of December 27, 2025 | | (in thousands) | Gross
Carrying
Value | | Accumulated Amortization | | Net Book Value | | Land use rights | $ | 16,661 | | | $ | 3,613 | | | $ | 13,048 | | | Patents, licenses, and software | 291,192 | | | 212,184 | | | 79,008 | | | Distribution network | 42,384 | | | 42,384 | | | — | | | Customer relationships, trademarks, and tradenames | 793,670 | | | 290,819 | | | 502,851 | | | Total | $ | 1,143,907 | | | $ | 549,000 | | | $ | 594,907 | |
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| Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived |
The intangible assets of $145.0 million acquired from the Basler acquisition, the components of which were as follows: | | | | | | | | | | | | | | 2026 | | (in thousands, except weighted average useful life) | Weighted Average
Useful Life (Years) | | Amount | | | | | | Basler | | | | | Patents, developed technology | 5 | | $ | 15,000 | | | Customer relationships, trademarks, and tradenames | 14.5 | | 130,000 | | | Total | | | $ | 145,000 | |
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| Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense |
Estimated annual amortization expense related to intangible assets with definite lives as of June 27, 2026 was as follows: | | | | | | (in thousands) | Amount | | Remainder of 2026 | $ | 29,183 | | | 2027 | 58,156 | | | 2028 | 57,755 | | | 2029 | 57,345 | | | 2030 | 53,916 | | | 2031 and thereafter | 297,156 | | | Total | $ | 553,511 | |
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