v3.26.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Oct. 03, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill

A summary of changes in goodwill by segment for the nine months ended October 3, 2026, is as follows:

 

 

Hydraulics

 

 

Electronics

 

 

Total

 

Balance at January 3, 2026

 

$

312.1

 

 

$

186.0

 

 

$

498.1

 

Currency translation

 

 

(10.8

)

 

 

0.1

 

 

 

(10.7

)

Balance at October 3, 2026

 

$

301.3

 

 

$

186.1

 

 

$

487.4

 

Accumulated impairments

 

 

31.9

 

 

 

25.9

 

 

 

57.8

 
Schedule of intangible assets

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

 

 

 

October 3, 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

 

$

94.7

 

 

$

(38.0

)

 

$

56.7

 

 

$

95.8

 

 

$

(34.5

)

 

$

61.3

 

Technology

 

 

53.9

 

 

 

(40.3

)

 

 

13.6

 

 

 

54.7

 

 

 

(36.8

)

 

 

17.9

 

Supply agreement

 

 

21.0

 

 

 

(20.7

)

 

 

0.3

 

 

 

21.0

 

 

 

(19.1

)

 

 

1.9

 

Customer relationships

 

 

392.8

 

 

 

(122.5

)

 

 

270.3

 

 

 

400.3

 

 

 

(111.5

)

 

 

288.8

 

 

 

$

562.4

 

 

$

(221.5

)

 

$

340.9

 

 

$

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

 

$

7.3

 

2027

 

 

27.1

 

2028

 

 

26.8

 

2029

 

 

24.9

 

2030

 

 

24.1

 

2031

 

 

23.0

 

Thereafter

 

 

207.7

 

Total

 

$

340.9