Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.23.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jul. 01, 2023
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 Dispositions
Other (1)
Goodwill at
December 31, 2022 July 1, 2023
Hardware and Protective Solutions $ 574,744  $ —  $ —  $ 515  $ 575,259 
Robotics and Digital Solutions 220,936  —  —  —  220,936 
Canada 28,132  —  —  646  28,778 
Total $ 823,812  $ —  $ —  $ 1,161  $ 824,973 
(1)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 July 1, 2023 and December 31, 2022 consist of the following: 
Estimated
Useful Life
(Years)		 July 1, 2023 December 31, 2022
Customer relationships 13 - 20 $ 964,869  $ 963,622 
Trademarks - indefinite Indefinite 85,506  85,275 
Trademarks - other 7 - 15 31,387  31,387 
Technology and patents 5 - 12 68,688  68,451 
Intangible assets, gross 1,150,450  1,148,735 
Less: Accumulated amortization 445,984  414,275 
Other intangibles, net $ 704,466  $ 734,460 
Schedule of Indefinite-Lived Intangible Assets Other intangibles, net, as of July 1, 2023 and December 31, 2022 consist of the following: 
Estimated
Useful Life
(Years)		 July 1, 2023 December 31, 2022
Customer relationships 13 - 20 $ 964,869  $ 963,622 
Trademarks - indefinite Indefinite 85,506  85,275 
Trademarks - other 7 - 15 31,387  31,387 
Technology and patents 5 - 12 68,688  68,451 
Intangible assets, gross 1,150,450  1,148,735 
Less: Accumulated amortization 445,984  414,275 
Other intangibles, net $ 704,466  $ 734,460