v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jul. 05, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
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(4,353)
Balance as of July 5, 2026$381,385 
Amortized intangible assets as of July 5, 2026 consisted of the following (in thousands):
Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Customer relationships$54,602 $(14,598)$40,004 
Completed technologies57,964 (33,571)24,393 
Trademarks790 (725)65 
Non-compete agreements60 (58)2 
Balance as of July 5, 2026$113,416 $(48,952)$64,464 
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 
Future amortization expense related to intangible assets as of July 5, 2026 is as follows (in thousands):
Amount
Remainder of fiscal 2026$4,309 
20277,924 
20287,194 
20297,194 
20306,651 
20316,651 
Thereafter24,541 
$64,464 
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 ("Moritex") 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.