Goodwill and Other Intangible Assets (Tables)
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3 Months Ended |
Mar. 27, 2021 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Summary of Goodwill Amounts by Operating Segment |
Goodwill amounts by reportable segment are summarized as follows:
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Goodwill at |
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Acquisitions |
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Dispositions |
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Other (1)
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Goodwill at |
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December 26, 2020 |
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March 27, 2021 |
| Hardware and Protective Solutions |
$ |
565,578 |
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$ |
— |
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$ |
— |
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$ |
(124) |
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$ |
565,454 |
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| Robotics and Digital Solutions |
220,936 |
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— |
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— |
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— |
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220,936 |
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| Canada |
29,686 |
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— |
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— |
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602 |
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30,288 |
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| Total |
$ |
816,200 |
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$ |
— |
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$ |
— |
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$ |
478 |
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$ |
816,678 |
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| Schedule of Finite-Lived Intangible Assets |
Other intangibles, net, as of March 27, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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March 27, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
942,131 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,713 |
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85,603 |
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| Trademarks - Other |
7 |
- |
15 |
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26,400 |
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26,400 |
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| Technology and patents |
7 |
- |
12 |
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63,761 |
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63,749 |
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| Intangible assets, gross |
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1,118,005 |
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1,117,400 |
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| Less: Accumulated amortization |
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306,509 |
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291,434 |
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| Other intangibles, net |
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$ |
811,496 |
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$ |
825,966 |
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| Schedule of Indefinite-Lived Intangible Assets |
Other intangibles, net, as of March 27, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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March 27, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
942,131 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,713 |
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85,603 |
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| Trademarks - Other |
7 |
- |
15 |
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26,400 |
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26,400 |
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| Technology and patents |
7 |
- |
12 |
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63,761 |
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63,749 |
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| Intangible assets, gross |
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1,118,005 |
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1,117,400 |
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| Less: Accumulated amortization |
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306,509 |
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291,434 |
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| Other intangibles, net |
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$ |
811,496 |
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$ |
825,966 |
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