| GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the nine months ended September 27, 2026 by segment are as follows: | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Manufacturing | | Distribution | | Total | | Balance at December 31, 2025 | | $ | 722,030 | | | $ | 118,071 | | | $ | 840,101 | | | Acquisitions | | 2,580 | | | 2,748 | | | 5,328 | | | Adjustments to preliminary purchase price allocations | | (6,841) | | | — | | | (6,841) | | Balance at September 27, 2026 | | $ | 717,769 | | | $ | 120,819 | | | $ | 838,588 | |
Intangible assets, net consisted of the following as of September 27, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | ($ in thousands) | | September 27, 2026 | | December 31, 2025 | | Customer relationships | | $ | 969,658 | | | $ | 949,448 | | | Non-compete agreements | | 26,315 | | | 27,376 | | | Patents | | 94,689 | | | 94,949 | | | Trademarks | | 231,887 | | | 230,877 | | | Intangible assets, gross | | 1,322,549 | | | 1,302,650 | | | Less: accumulated amortization | | | | | | Customer relationships | | (570,671) | | | (506,656) | | | Non-compete agreements | | (23,359) | | | (22,204) | | | Patents | | (37,102) | | | (31,229) | | | Intangible assets, net | | $ | 691,417 | | | $ | 742,561 | |
Changes in the carrying value of intangible assets by segment are as follows: | | | | | | | | | | | | | | | | | | | | | | ($ in thousands) | | Manufacturing | | Distribution | | Total | | Balance at December 31, 2025 | | $ | 624,213 | | | $ | 118,348 | | | $ | 742,561 | | | Additions | | 12,535 | | | 3,974 | | | 16,509 | | | Amortization | | (59,782) | | | (11,261) | | | (71,043) | | | Adjustments to preliminary purchase price allocations | | 3,390 | | | — | | | 3,390 | | Balance at September 27, 2026 | | $ | 580,356 | | | $ | 111,061 | | | $ | 691,417 | |
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