Goodwill and Other Intangible Assets (Tables)
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6 Months Ended |
Jun. 26, 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 (1)
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Dispositions |
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Other (2)
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Goodwill at |
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December 26, 2020 |
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June 26, 2021 |
| Hardware and Protective Solutions |
$ |
565,578 |
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$ |
9,450 |
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$ |
— |
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$ |
13 |
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$ |
575,041 |
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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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1,306 |
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30,992 |
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| Total |
$ |
816,200 |
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$ |
9,450 |
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$ |
— |
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$ |
1,319 |
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$ |
826,969 |
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| Schedule of Finite-Lived Intangible Assets |
Other intangibles, net, as of June 26, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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June 26, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
966,515 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,890 |
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85,603 |
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| Trademarks - Other |
7 |
- |
15 |
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29,000 |
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26,400 |
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| Technology and patents |
7 |
- |
12 |
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67,774 |
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63,749 |
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| Intangible assets, gross |
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1,149,179 |
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1,117,400 |
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| Less: Accumulated amortization |
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322,230 |
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291,434 |
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| Other intangibles, net |
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$ |
826,949 |
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$ |
825,966 |
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| Schedule of Indefinite-Lived Intangible Assets |
Other intangibles, net, as of June 26, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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June 26, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
966,515 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,890 |
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85,603 |
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| Trademarks - Other |
7 |
- |
15 |
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29,000 |
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26,400 |
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| Technology and patents |
7 |
- |
12 |
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67,774 |
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63,749 |
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| Intangible assets, gross |
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1,149,179 |
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1,117,400 |
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| Less: Accumulated amortization |
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322,230 |
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291,434 |
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| Other intangibles, net |
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$ |
826,949 |
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$ |
825,966 |
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