Goodwill and Other Intangible Assets (Tables)
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9 Months Ended |
Sep. 25, 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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September 25, 2021 |
| Hardware and Protective Solutions |
$ |
565,578 |
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$ |
9,450 |
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$ |
— |
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$ |
(32) |
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$ |
574,996 |
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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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363 |
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30,049 |
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| Total |
$ |
816,200 |
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$ |
9,450 |
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$ |
— |
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$ |
331 |
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$ |
825,981 |
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(1)See Note 5 - Acquisitions for additional information regarding the OZCO acquisition.
(2)The "Other" change to goodwill relates to adjustments resulting from fluctuations in foreign currency exchange rates for the Canada and Mexico reporting units.
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| Schedule of Finite-Lived Intangible Assets |
Other intangibles, net, as of September 25, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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September 25, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
965,488 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,676 |
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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 |
8 |
- |
12 |
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67,756 |
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63,749 |
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| Intangible assets, gross |
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1,147,920 |
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1,117,400 |
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| Less: Accumulated amortization |
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337,361 |
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291,434 |
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| Other intangibles, net |
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$ |
810,559 |
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$ |
825,966 |
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| Schedule of Indefinite-Lived Intangible Assets |
Other intangibles, net, as of September 25, 2021 and December 26, 2020 consist of the following:
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Estimated
Useful Life
(Years) |
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September 25, 2021 |
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December 26, 2020 |
| Customer relationships |
13 |
- |
20 |
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$ |
965,488 |
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$ |
941,648 |
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| Trademarks - Indefinite |
Indefinite |
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85,676 |
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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 |
8 |
- |
12 |
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67,756 |
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63,749 |
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| Intangible assets, gross |
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1,147,920 |
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1,117,400 |
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| Less: Accumulated amortization |
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337,361 |
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291,434 |
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| Other intangibles, net |
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$ |
810,559 |
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$ |
825,966 |
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