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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 27, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The activity in goodwill by segment for the nine months ended September 27, 2026 was as follows:
December 28, 2025Currency TranslationSeptember 27, 2026
(In thousands)
U.S.$41,936 $— $41,936 
Europe1,183,920 (23,454)1,160,466 
Mexico113,028 1,381 114,409 
Total$1,338,884 $(22,073)$1,316,811 
Intangible assets consisted of the following:
December 28, 2025AdditionsAmortizationCurrency TranslationSeptember 27, 2026
(In thousands)
Cost:
Trade names not subject to amortization$613,536 $— $— $(11,694)$601,842 
Trade names subject to amortization114,762 — — (753)114,009 
Customer relationships456,415 1,122 — (5,656)451,881 
Accumulated amortization:
Trade names(66,052)— (1,007)(1,765)(68,824)
Customer relationships(286,595)— (7,546)(11,575)(305,716)
Intangible assets, net$832,066 $1,122 $(8,553)$(31,443)$793,192 
On January 13, 2026, the Company acquired 100% of the equity of Hermitage AI Ltd. from Hermitage Group for £2.3 million, or about $3.1 million. The acquisition was funded with cash on hand. Transaction costs were immaterial and expensed as incurred. The fair value of the net assets acquired was £1.4 million. During the three months ended September 27, 2026, the Company identified customer relationship intangible assets that had previously been included in goodwill as part of the preliminary purchase price allocation for the acquisition completed in January 2026. Accordingly, $1.1 million was reclassified from goodwill to customer relationship intangible assets and is reflected in additions in the table above.
Intangible assets are amortized over the estimated useful lives of the assets as follows:
Customer relationships
3-18 years
Trade names subject to amortization
15-20 years
At September 27, 2026, the Company assessed if events or changes in circumstances indicated that any asset group-level carrying amounts of its intangible assets might not be recoverable. The Company will perform its annual tests of recoverability of all goodwill and trade names not subject to amortization in the fourth quarter of 2026, which if there were to be an impairment, could be material.