v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jul. 04, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill

A summary of changes in goodwill by segment for the six months ended July 4, 2026, is as follows:

 

 

Hydraulics

 

 

Electronics

 

 

Total

 

Balance at January 3, 2026

 

$

312.1

 

 

$

186.0

 

 

$

498.1

 

Currency translation

 

 

(6.7

)

 

 

0.1

 

 

 

(6.6

)

Balance at July 4, 2026

 

$

305.4

 

 

$

186.1

 

 

$

491.5

 

Accumulated Impairments

 

 

31.9

 

 

 

25.9

 

 

 

57.8

 
Schedule of intangible assets

At July 4, 2026, and January 3, 2026, acquired intangible assets consisted of the following:

 

 

 

July 4, 2026

 

 

January 3, 2026

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Definite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names and brands

 

$

95.2

 

 

$

(36.8

)

 

$

58.3

 

 

$

95.8

 

 

$

(34.5

)

 

$

61.3

 

Technology

 

 

54.2

 

 

 

(39.2

)

 

 

15.0

 

 

 

54.7

 

 

 

(36.8

)

 

 

17.9

 

Supply agreement

 

 

21.0

 

 

 

(20.1

)

 

 

0.9

 

 

 

21.0

 

 

 

(19.1

)

 

 

1.9

 

Customer relationships

 

 

395.3

 

 

 

(119.1

)

 

 

276.2

 

 

 

400.3

 

 

 

(111.5

)

 

 

288.8

 

 

 

$

565.7

 

 

$

(215.4

)

 

$

350.3

 

 

$

571.8

 

 

$

(201.9

)

 

$

369.9

 
Schedule of estimated amortization expense of intangible assets Future estimated total amortization expense is presented below.

Year:

 

 

 

2026 Remaining

 

$

15.0

 

2027

 

 

27.1

 

2028

 

 

26.9

 

2029

 

 

25.0

 

2030

 

 

24.2

 

2031

 

 

23.0

 

Thereafter

 

 

209.1

 

Total

 

$

350.3