v3.26.1
Goodwill and Definite-lived Intangibles (Tables)
 6 Months Ended
Jun. 29, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Definite Lived Intangibles

The components of definite-lived intangibles were as follows:

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Weighted
Average
Amortization
Period

 

 

 

(In thousands)

 

 

(In years)

 

As of June 29, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

323,500

 

 

$

(203,041

)

 

$

120,459

 

 

 

11.8

 

Technology

 

 

66,650

 

 

 

(50,635

)

 

 

16,015

 

 

 

8.2

 

Total

 

$

390,150

 

 

$

(253,676

)

 

$

136,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 29, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

323,500

 

 

$

(189,264

)

 

$

134,236

 

 

 

11.8

 

Technology

 

 

66,650

 

 

 

(45,964

)

 

 

20,686

 

 

 

8.2

 

Total

 

$

390,150

 

 

$

(235,228

)

 

$

154,922

 

 

 

 
Schedule of amortization expense

Definite-lived intangibles are amortized using the straight-line method of amortization over the useful life. Amortization expense was as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

 

 

June 29, 2026

 

 

June 30, 2025

 

 

June 29, 2026

 

 

June 30, 2025

 

 

 

(In thousands)

 

Total amortization expense

 

$

9,224

 

 

$

9,224

 

 

$

18,448

 

 

$

18,448

 

Amortization expense in cost of goods sold

 

 

2,336

 

 

 

2,336

 

 

 

4,671

 

 

 

4,671

 
Estimated Aggregate Amortization for Definite-Lived Intangible Assets

Estimated aggregate amortization for definite-lived intangible assets for the next five years and thereafter is as follows:

 

 

(In thousands)

 

Remaining 2026

 

$

18,449

 

2027

 

 

34,543

 

2028

 

 

30,997

 

2029

 

 

22,355

 

2030

 

 

18,178

 

Thereafter

 

 

11,952

 

Total

 

$

136,474