Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Amounts by Operating Segment
Goodwill amounts by reportable segment are summarized as follows:
Goodwill at
Acquisitions (1)
Dispositions
Other (2)
Goodwill at
December 25, 2021 March 26, 2022
Hardware and Protective Solutions $ 574,698  $ (158) $ —  $ 102  $ 574,642 
Robotics and Digital Solutions 220,936  —  —  —  220,936 
Canada 29,737  —  —  740  30,477 
Total $ 825,371  $ (158) $ —  $ 842  $ 826,055 
 
(1)The amount relates to the Ozco acquisition, see Note 5 - Acquisitions for additional information.
(2)The "Other" change to goodwill relates to adjustments resulting from fluctuations in foreign currency exchange rates for the Canada and Mexico reporting units.
Schedule of Finite-Lived Intangible Assets
Other intangibles, net, as of March 26, 2022 and December 25, 2021 consist of the following: 
Estimated
Useful Life
(Years)		 March 26, 2022 December 25, 2021
Customer relationships 13 - 20 $ 965,935  $ 965,054 
Trademarks - Indefinite Indefinite 85,771  85,591 
Trademarks - Other 7 - 15 31,387  29,000 
Technology and patents 8 - 12 67,764  67,750 
Intangible assets, gross 1,150,857  1,147,395 
Less: Accumulated amortization 368,562  352,695 
Other intangibles, net $ 782,295  $ 794,700 
Schedule of Indefinite-Lived Intangible Assets
Other intangibles, net, as of March 26, 2022 and December 25, 2021 consist of the following: 
Estimated
Useful Life
(Years)		 March 26, 2022 December 25, 2021
Customer relationships 13 - 20 $ 965,935  $ 965,054 
Trademarks - Indefinite Indefinite 85,771  85,591 
Trademarks - Other 7 - 15 31,387  29,000 
Technology and patents 8 - 12 67,764  67,750 
Intangible assets, gross 1,150,857  1,147,395 
Less: Accumulated amortization 368,562  352,695 
Other intangibles, net $ 782,295  $ 794,700